Rio Tinto’s Outperform Rating Reaffirmed at Credit Suisse (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse in a report released on Wednesday, Stock Ratings Network reports.
RIO has been the subject of a number of other recent research reports. Analysts at Clarkson Capital initiated coverage on shares of Rio Tinto in a research note to investors on Wednesday, December 18th. They set an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rio Tinto in a research note to investors on Friday, December 13th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-one have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $64.09.
Shares of Rio Tinto (NYSE:RIO) traded down 0.27% during mid-day trading on Wednesday, hitting $52.44. 2,344,770 shares of the company’s stock traded hands. Rio Tinto has a 52-week low of $39.14 and a 52-week high of $58.90. The stock’s 50-day moving average is $53.26 and its 200-day moving average is $49.16. The company’s market cap is $96.893 billion.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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