Rio Tinto PLC (RIO) to Release Earnings on Wednesday
Rio Tinto PLC (NYSE:RIO) will be posting its quarterly earnings results before the market opens on Wednesday, August 2nd.
Shares of Rio Tinto PLC (RIO) traded down 0.39% during midday trading on Thursday, reaching $45.84. The company had a trading volume of 2,428,436 shares. The company’s 50-day moving average is $42.34 and its 200-day moving average is $41.75. The stock has a market capitalization of $82.47 billion, a PE ratio of 17.96 and a beta of 0.96. Rio Tinto PLC has a 1-year low of $29.62 and a 1-year high of $47.11.
A number of research firms have weighed in on RIO. Axiom Securities reissued a “sell” rating on shares of Rio Tinto PLC in a report on Tuesday. BidaskClub raised Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Cowen and Company reissued a “market perform” rating and issued a $45.00 target price (down previously from $47.00) on shares of Rio Tinto PLC in a report on Tuesday. ValuEngine raised Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, Bank of America Corporation raised Rio Tinto PLC from an “underperform” rating to a “buy” rating in a report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $40.17.
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.
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