Rio Tinto Limited Receives Buy Rating from Deutsche Bank (RIO)
A number of other firms have also recently commented on RIO. 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 up 0.73% during mid-day trading on Thursday, hitting A$62.450. 2,463,305 shares of the company’s stock traded hands. Rio Tinto Limited has a one year low of A$51.180 and a one year high of A$71.300. The stock has a 50-day moving average of A$59.93 and a 200-day moving average of A$63.50. The company has a market cap of A$115.4 billion and a price-to-earnings ratio of 31.42.
Rio Tinto Limited (ASX:RIO) is engaged in finding, mining and processing mineral resources.
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