Rio Tinto (RIO) Receives “Buy” Rating from Citigroup
Rio Tinto (NYSE:RIO)‘s stock had its “buy” rating restated by stock analysts at Citigroup in a research note issued on Tuesday.
Other equities analysts have also recently issued reports about the company. Cowen set a $47.00 price objective on Rio Tinto and gave the stock a “hold” rating in a report on Monday, October 16th. Goldman Sachs Group reiterated a “neutral” rating on shares of Rio Tinto in a report on Monday, August 14th. Societe Generale upgraded Rio Tinto from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Canaccord Genuity cut Rio Tinto from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $51.59.
Rio Tinto (RIO) opened at $48.29 on Tuesday. Rio Tinto has a fifty-two week low of $37.66 and a fifty-two week high of $50.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.71.
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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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