Rio Tinto Stock Rating Reaffirmed by Liberum Capital (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a research note issued on Friday, Stock Ratings Network.com reports.
Rio Tinto (NYSE:RIO) traded down 0.90% on Friday, hitting $53.15. The stock had a trading volume of 2,190,450 shares. 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 $53.49 and its 200-day moving average is $50.4. The company’s market cap is $98.205 billion.
RIO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Monday. Separately, analysts at Investec reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Friday, January 24th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto in a research note to investors on Friday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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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