Shares of Rio Tinto plc (NYSE:RIO) have been given an average rating of “Hold” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $54.79.
Several equities research analysts recently weighed in on RIO shares. HSBC lowered Rio Tinto from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen lifted their price target on Rio Tinto from $54.00 to $61.00 and gave the company a “market perform” rating in a research report on Thursday. Citigroup restated a “buy” rating on shares of Rio Tinto in a research report on Thursday, September 28th. Canaccord Genuity lowered Rio Tinto from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research lowered Rio Tinto from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.
Shares of Rio Tinto (RIO) traded down $0.19 during mid-day trading on Friday, hitting $56.05. The stock had a trading volume of 2,510,689 shares, compared to its average volume of 2,720,000. The company has a market cap of $100,220.00, a price-to-earnings ratio of 16.34 and a beta of 1.01. Rio Tinto has a 12-month low of $37.66 and a 12-month high of $57.78. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31.
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Rio Tinto 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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