Rio Tinto PLC (RIO) Given Consensus Rating of “Buy” by Analysts
Shares of Rio Tinto PLC (NYSE:RIO) have been given a consensus rating of “Buy” by the twenty-two analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $50.07.
RIO has been the subject of a number of research analyst reports. Clarkson Capital restated a “buy” rating on shares of Rio Tinto in a report on Wednesday, August 2nd. ValuEngine cut Rio Tinto from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group set a $52.00 price objective on Rio Tinto and gave the stock a “buy” rating in a report on Friday, August 18th. Citigroup restated a “buy” rating on shares of Rio Tinto in a report on Thursday, September 28th. Finally, Societe Generale upgraded Rio Tinto from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th.
Shares of Rio Tinto (NYSE RIO) traded up $0.01 during trading hours on Thursday, hitting $47.90. The stock had a trading volume of 1,809,397 shares, compared to its average volume of 3,269,401. Rio Tinto has a 12 month low of $37.66 and a 12 month high of $50.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.71 and a quick ratio of 1.34.
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About Rio Tinto
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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