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Rio Tinto plc (NYSE:RIO) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday.

A number of other firms have also recently commented on RIO. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Tuesday, July 1st. Finally, analysts at Bank of America upgraded shares of Rio Tinto plc from a “neutral” rating to a “buy” rating in a research note on Monday, June 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $50.00.

Shares of Rio Tinto plc (NYSE:RIO) traded up 0.45% on Tuesday, hitting $56.37. 521,326 shares of the company’s stock traded hands. Rio Tinto plc has a 1-year low of $40.24 and a 1-year high of $60.61. The stock’s 50-day moving average is $53.36 and its 200-day moving average is $54.45. The company has a market cap of $104.2 billion and a P/E ratio of 28.44.

Rio Tinto plc (NYSE:RIO) is an international mining company.

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