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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation lifted its stake in shares of Rio Tinto by 2,992.2% in the 3rd quarter. Zions Bancorporation now owns 2,381 shares of the mining company’s stock valued at $112,000 after acquiring an additional 2,304 shares during the last quarter. Knowledge Leaders Capital LLC lifted its stake in shares of Rio Tinto by 126.0% in the 2nd quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock valued at $101,000 after acquiring an additional 1,334 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in shares of Rio Tinto by 13.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock valued at $110,000 after acquiring an additional 299 shares during the last quarter. Hudock Capital Group LLC lifted its stake in shares of Rio Tinto by 125.4% in the 2nd quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock valued at $118,000 after acquiring an additional 1,555 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Rio Tinto by 212.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company’s stock valued at $135,000 after acquiring an additional 2,166 shares during the last quarter. 7.19% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Rio Tinto (NYSE:RIO)

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