Rio Tinto Limited Stock Rating Reaffirmed by 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 Tuesday, Analyst Ratings.Net reports.
Shares of Rio Tinto Limited (ASX:RIO) traded down 0.33% during mid-day trading on Tuesday, hitting A$60.870. 501,260 shares of the company’s stock traded hands. Rio Tinto Limited has a 52-week low of A$49.810 and a 52-week high of A$72.300. The stock’s 50-day moving average is A$61.31 and its 200-day moving average is A$57.07. The company’s market cap is A$112.5 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 Thursday, September 19th.
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
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