RBC Capital Reiterates Outperform Rating for Rio Tinto (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Tuesday, American Banking and Market News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Thursday, September 19th. Separately, analysts at Galvan Research reiterated a “buy” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Thursday, September 19th. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Rio Tinto (NYSE:RIO) in a research note to investors on Wednesday, September 18th.
Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.59.
Rio Tinto (NYSE:RIO) traded down 0.85% on Tuesday, hitting $49.15. 3,455,053 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 $48.4 and its 200-day moving average is $45.82. The company’s market cap is $90.814 billion. Rio Tinto also was the recipient of some unusual options trading activity on Tuesday. Investors bought 13,442 call options on the stock. This represents an increase of approximately 307% compared to the average daily volume of 3,303 call options.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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