Rio Tinto PLC (NYSE:RIO)‘s stock had its “sell” rating reaffirmed by equities researchers at Axiom Securities in a report issued on Tuesday.

Other equities research analysts have also issued reports about the company. Cowen and Company reaffirmed a “market perform” rating and set a $45.00 target price (down from $47.00) on shares of Rio Tinto PLC in a research report on Tuesday. BidaskClub lowered Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. BNP Paribas raised Rio Tinto PLC from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 20th. Royal Bank Of Canada raised Rio Tinto PLC from an “outperform” rating to a “top pick” rating in a research report on Wednesday, May 17th. Finally, ValuEngine lowered Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.17.

Shares of Rio Tinto PLC (NYSE:RIO) traded up 4.62% during trading on Tuesday, reaching $45.93. 6,872,388 shares of the company were exchanged. The firm’s 50 day moving average price is $42.03 and its 200 day moving average price is $41.67. The company has a market capitalization of $82.63 billion, a PE ratio of 17.99 and a beta of 0.95. Rio Tinto PLC has a one year low of $29.62 and a one year high of $47.11.

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Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Rio Tinto PLC by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,666,908 shares of the mining company’s stock worth $48,540,000 after buying an additional 62,735 shares during the period. Wright Investors Service Inc. increased its stake in shares of Rio Tinto PLC by 27.3% in the fourth quarter. Wright Investors Service Inc. now owns 109,580 shares of the mining company’s stock worth $3,191,000 after buying an additional 23,505 shares during the period. Segantii Capital Management Ltd acquired a new stake in shares of Rio Tinto PLC during the fourth quarter worth about $1,468,000. World Asset Management Inc increased its stake in shares of Rio Tinto PLC by 2.3% in the fourth quarter. World Asset Management Inc now owns 74,528 shares of the mining company’s stock worth $2,170,000 after buying an additional 1,691 shares during the period. Finally, Accident Compensation Corp acquired a new stake in shares of Rio Tinto PLC during the fourth quarter worth about $1,129,000. Hedge funds and other institutional investors own 7.11% of the company’s stock.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Analyst Recommendations for Rio Tinto PLC (NYSE:RIO)

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