Rio Tinto (NYSE:RIO)‘s stock had its “buy” rating reiterated by JPMorgan Chase & Co. in a research note issued on Wednesday.
A number of other analysts have also weighed in on RIO. Deutsche Bank restated a “neutral” rating on shares of Rio Tinto in a research note on Monday, July 16th. Jefferies Financial Group set a $67.00 price target on shares of Rio Tinto and gave the company a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine lowered shares of Rio Tinto from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, Societe Generale lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $58.80.
Shares of RIO stock traded up $0.73 during trading hours on Wednesday, reaching $52.32. 105,708 shares of the stock were exchanged, compared to its average volume of 2,953,037. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.77. Rio Tinto has a 12-month low of $45.62 and a 12-month high of $60.72. The firm has a market capitalization of $67.11 billion, a price-to-earnings ratio of 10.91 and a beta of 1.01.
Rio Tinto Company Profile
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
Featured Story: Capital Gains
Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.