Rio Tinto Group (LON:RIO – Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5,934.04 and traded as high as GBX 6,837. Rio Tinto Group shares last traded at GBX 6,772, with a volume of 3,886,621 shares.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on RIO. Berenberg Bank restated a “hold” rating and issued a GBX 5,300 price objective on shares of Rio Tinto Group in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted their target price on shares of Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the stock a “sector perform” rating in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Rio Tinto Group has an average rating of “Hold” and an average target price of GBX 5,830.
Check Out Our Latest Stock Analysis on RIO
Rio Tinto Group Stock Performance
Rio Tinto Group Company Profile
We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.
We have more than 150 years of mining and processing experience guiding our work.
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