Rio Tinto Rating Reiterated by Beaufort Securities (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “buy” rating restated by investment analysts at Beaufort Securities in a note issued to investors on Friday, Analyst RN reports.
Rio Tinto (NYSE:RIO) traded up 0.27% during mid-day trading on Friday, hitting $55.04. 3,222,488 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 $53.45 and its 200-day moving average is $49.62. The company’s market cap is $101.7 billion.
A number of other firms have also recently commented on RIO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Thursday. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rio Tinto in a research note to investors on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.09.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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