TheStreet Upgrades Rio Alto Mining Limited Common Shares (Canada) to Hold (RIOM)
Rio Alto Mining Limited Common Shares (Canada) (NASDAQ:RIOM) was upgraded by analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports.
The analysts wrote, “Rio Alto Mining (RIOM) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.”
Shares of Rio Alto Mining Limited Common Shares (NASDAQ:RIOM) traded up 0.43% during mid-day trading on Wednesday, hitting $2.35. The stock had a trading volume of 64,905 shares. Rio Alto Mining Limited Common Shares has a one year low of $1.26 and a one year high of $5.16. The stock’s 50-day moving average is $1.90 and its 200-day moving average is $1.93. The company has a market cap of $415.4 million and a price-to-earnings ratio of 8.67.
Rio Alto Mining Limited (NASDAQ:RIOM) is engaged in the acquisition and exploration of mineral properties in Mexico.
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