Rio Tinto’s Outperform Rating Reaffirmed at Credit Suisse (RIO)
Rio Tinto (NYSE:RIO)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Monday, American Banking News reports.
RIO has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Friday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Monday, January 27th. Finally, analysts at Investec reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-one have given 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) opened at 53.15 on Monday. Rio Tinto has a 52 week low of $39.14 and a 52 week high of $58.90. The stock has a 50-day moving average of $53.52 and a 200-day moving average of $50.49. The company’s market cap is $98.205 billion.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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