JPMorgan Chase & Co. Reiterates Overweight Rating for Rio Tinto (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “conviction sell” rating on shares of Rio Tinto in a research note to investors on Tuesday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Wednesday, January 8th. Finally, 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $64.09.
Rio Tinto (NYSE:RIO) traded up 1.51% during mid-day trading on Wednesday, hitting $52.99. 2,311,328 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 $53.24 and its 200-day moving average is $49.56. The company’s market cap is $97.910 billion.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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