Rio Tinto Limited Receives “Outperform” Rating from Credit Suisse (RIO)
Rio Tinto Limited (ASX:RIO)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Sunday, American Banking and Market News reports.
Rio Tinto Limited (ASX:RIO) traded down 1.74% during mid-day trading on Friday, hitting A$63.080. The stock had a trading volume of 2,011,604 shares. Rio Tinto Limited has a 1-year low of A$0.000 and a 1-year high of A$0.000. The stock has a 50-day moving average of A$59.93 and a 200-day moving average of A$57.17. The company’s market cap is A$116.6 billion.
RIO has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rio Tinto Limited (ASX:RIO) in a research note to investors on Wednesday. Finally, analysts at UBS AG reiterated a “sell” rating on shares of Rio Tinto Limited (ASX:RIO) in a research note to investors on Thursday, August 15th.
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
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