RBC Capital Reiterates Outperform Rating for Rio Tinto Limited (RIO)
Rio Tinto Limited (ASX:RIO)‘s stock had its “outperform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Sunday, Analyst RN reports.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto Limited in a research note on Wednesday. They now have a $86.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “positive” rating on shares of Rio Tinto Limited in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Rio Tinto Limited has a consensus rating of “Buy” and an average target price of A$86.00 ($76.79).
Rio Tinto Limited (ASX:RIO) traded up 0.10% on Friday, hitting A$67.900. 3,334,498 shares of the company’s stock traded hands. Rio Tinto Limited has a one year low of A$49.810 and a one year high of A$72.300. The stock’s 50-day moving average is A$66.12 and its 200-day moving average is A$61.87. The company’s market cap is A$125.5 billion.
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.