Credit Suisse Reiterates Outperform Rating for Rio Tinto plc (RIO)
Rio Tinto plc (NYSE:RIO) traded down 0.26% on Monday, hitting $53.33. The stock had a trading volume of 2,314,095 shares. Rio Tinto plc has a 52 week low of $39.14 and a 52 week high of $60.61. The stock’s 50-day moving average is $54.29 and its 200-day moving average is $54.28. The company has a market cap of $98.587 billion and a price-to-earnings ratio of 27.10.
Several other analysts have also recently commented on the stock. Analysts at Galvan Research reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Wednesday, June 4th. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Tuesday, June 3rd. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.00.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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