Rio Tinto Limited Receives “Outperform” Rating from RBC Capital (RIO)
Rio Tinto Limited (ASX:RIO)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Sunday, Stock Ratings Network.com reports.
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 Limited in a research note on Tuesday, April 22nd. They now have a $84.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Rio Tinto Limited from a “sell” rating to an “overweight” rating in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of A$84.00 ($78.50).
Shares of Rio Tinto Limited (ASX:RIO) opened at 62.980 on Friday. Rio Tinto Limited has a 52-week low of A$49.810 and a 52-week high of A$71.300. The stock’s 50-day moving average is A$66.52 and its 200-day moving average is A$64.40. The company has a market cap of A$116.4 billion and a price-to-earnings ratio of 31.82.
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
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