Rio Tinto Limited Given Buy Rating at Deutsche Bank (RIO)
Rio Tinto Limited (ASX:RIO)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a $85.60 target price on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto Limited in a research note on Tuesday, May 13th.
Shares of Rio Tinto Limited (ASX:RIO) traded down 0.08% during mid-day trading on Wednesday, hitting A$59.020. 114,874 shares of the company’s stock traded hands. Rio Tinto Limited has a one year low of A$50.960 and a one year high of A$71.300. The stock’s 50-day moving average is A$60.04 and its 200-day moving average is A$63.70. The company has a market cap of A$109.1 billion and a P/E ratio of 29.94.
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
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