Credit Suisse Reiterates “Outperform” Rating for Rio Tinto Limited (RIO)
Rio Tinto Limited (ASX:RIO)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Friday, AR Network reports.
A number of other analysts have also recently weighed in on RIO. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rio Tinto Limited in a research note to investors on Thursday, September 19th.
Rio Tinto Limited (ASX:RIO) traded down 0.70% during mid-day trading on Friday, hitting A$63.540. The stock had a trading volume of 1,157,736 shares. 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$62.25 and its 200-day moving average is A$57.50. The company’s market cap is A$117.4 billion.
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
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