Rio Tinto Rating Reiterated by BMO Capital Markets (RIO)
Rio Tinto (LON:RIO)‘s stock had its “outperform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued to investors on Thursday, American Banking News reports. They currently have a GBX 3,500 ($57.42) price target on the stock. BMO Capital Markets’ target price would suggest a potential downside of 0.20% from the company’s current price.
Rio Tinto (LON:RIO) opened at 3479.00 on Thursday. Rio Tinto has a one year low of GBX 2579.2219 and a one year high of GBX 3872.6101. The stock’s 50-day moving average is GBX 3287.90 and its 200-day moving average is GBX 3184.. The company’s market cap is £64.281 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto in a research note on Wednesday. They now have a GBX 4,000 ($65.63) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “conviction sell” rating on shares of Rio Tinto in a research note on Wednesday. They now have a GBX 2,450 ($40.20) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto in a research note on Tuesday. They now have a GBX 4,000 ($65.63) price target on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 3,780.23 ($62.02).
Rio Tinto plc (LON:RIO) is an international mining company.
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