Rio Tinto Group (NYSE:RIO – Get Rating) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Friday, The Fly reports.
RIO has been the subject of several other reports. JPMorgan Chase & Co. raised Rio Tinto Group from an “underweight” rating to a “neutral” rating in a research report on Monday, May 15th. CLSA raised Rio Tinto Group from an “underperform” rating to an “outperform” rating in a research report on Monday, March 13th. StockNews.com assumed coverage on Rio Tinto Group in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Sanford C. Bernstein upgraded Rio Tinto Group from a “market perform” rating to an “outperform” rating in a research note on Friday, May 5th. Finally, BNP Paribas lowered Rio Tinto Group from an “outperform” rating to a “neutral” rating in a research note on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,790.00.
Rio Tinto Group Stock Performance
Shares of Rio Tinto Group stock opened at $59.39 on Friday. Rio Tinto Group has a 12-month low of $50.92 and a 12-month high of $80.51. The company has a quick ratio of 1.10, a current ratio of 1.64 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $64.86 and a two-hundred day moving average price of $69.07.
Hedge Funds Weigh In On Rio Tinto Group
Rio Tinto Group Company Profile
Rio Tinto Plc engages in the exploration, mining, and processing of mineral resources. It operates through the following business segments: Iron Ore, Aluminium, Copper and Diamonds, Energy and Minerals, and Other Operations. The Iron Ore segment supplies global seaborne iron ore trade. The Aluminium segment produces bauxite, alumina and primary aluminum.
- Get a free copy of the StockNews.com research report on Rio Tinto Group (RIO)
- 3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization
- Can ULTA’s Defensive Product Line Stand Against This Down Cycle
- A Reversal Is Brewing For Medtronic: Buying The Dip
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.