Rio Tinto plc Target of Unusually Large Options Trading (RIO)
Shares of Rio Tinto plc (NYSE:RIO) were the target of some unusual options trading activity on Wednesday. Stock traders bought 4,744 put options on the stock, Analyst Ratings News reports. This is an increase of 411% compared to the average volume of 928 put options.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rio Tinto plc in a research note on Monday, May 12th. Separately, analysts at S&P Equity Research upgraded shares of Rio Tinto plc to a “hold” rating in a research note on Tuesday, May 6th. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.59.
Rio Tinto plc (NYSE:RIO) traded up 0.66% on Wednesday, hitting $53.73. The stock had a trading volume of 2,213,449 shares. Rio Tinto plc has a 1-year low of $39.14 and a 1-year high of $60.61. The stock’s 50-day moving average is $55.26 and its 200-day moving average is $54.24. The company has a market cap of $99.327 billion and a price-to-earnings ratio of 27.06.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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