Credit Suisse Reiterates “Outperform” Rating for Rio Tinto (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse in a report released on Thursday, AnalystRatingsNetwork reports.
Rio Tinto (NYSE:RIO) traded down 1.37% during mid-day trading on Thursday, hitting $50.24. 4,830,335 shares of the company’s stock traded hands. Rio Tinto has a 52-week low of $39.14 and a 52-week high of $60.45. The stock’s 50-day moving average is $47.29 and its 200-day moving average is $45.99. The company’s market cap is $92.828 billion.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Thursday. They now have a $46.00 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Wednesday, September 4th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Tuesday, September 3rd.
Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $55.59.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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