Rio Tinto (RIO) Given Overweight Rating at JPMorgan Chase & Co.

Rio Tinto (LON:RIO)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report issued on Wednesday, Digital Look reports.

Several other equities research analysts have also recently weighed in on RIO. Morgan Stanley set a GBX 4,400 ($57.49) price target on shares of Rio Tinto and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. UBS Group reaffirmed a “neutral” rating on shares of Rio Tinto in a research report on Thursday, May 9th. Barclays reaffirmed an “equal weight” rating on shares of Rio Tinto in a research report on Wednesday, May 8th. Citigroup reaffirmed a “buy” rating on shares of Rio Tinto in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a GBX 3,200 ($41.81) price target on shares of Rio Tinto in a research report on Tuesday, April 16th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 4,418.55 ($57.74).

Shares of RIO stock traded up GBX 14.50 ($0.19) during trading hours on Wednesday, reaching GBX 4,519.50 ($59.06). 2,413,026 shares of the stock were exchanged, compared to its average volume of 4,860,000. Rio Tinto has a 12-month low of GBX 3,460.50 ($45.22) and a 12-month high of GBX 4,790.50 ($62.60). The company has a current ratio of 1.92, a quick ratio of 1.51 and a debt-to-equity ratio of 25.60. The stock has a market cap of $56.87 billion and a PE ratio of 5.74.

In other Rio Tinto news, insider Jean-Sébastien Jacques sold 13,090 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of GBX 4,327 ($56.54), for a total value of £566,404.30 ($740,107.54).

About Rio Tinto

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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