Rio Tinto plc Stock Rating Reaffirmed by RBC Capital (RIO)
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital downgraded shares of Rio Tinto plc from a “hold” rating to a “sell” rating in a research note on Friday. Separately, analysts at Barclays upgraded shares of Rio Tinto plc from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 8th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday, July 4th. Three 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. Rio Tinto plc presently has an average rating of “Buy” and an average price target of $50.00.
Shares of Rio Tinto plc (NYSE:RIO) traded up 0.98% on Monday, hitting $55.70. 1,617,433 shares of the company’s stock traded hands. Rio Tinto plc has a 1-year low of $42.13 and a 1-year high of $60.61. The stock has a 50-day moving average of $53.5 and a 200-day moving average of $54.49. The company has a market cap of $103.0 billion and a price-to-earnings ratio of 27.96.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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