Shares of Rio Tinto PLC (NYSE:RIO) have earned a consensus rating of “Hold” from the twenty-six ratings firms that are presently covering the stock. Four analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $38.43.

Several brokerages have recently weighed in on RIO. Barclays PLC reiterated an “overweight” rating on shares of Rio Tinto PLC in a research note on Thursday, November 10th. HSBC began coverage on shares of Rio Tinto PLC in a research note on Thursday, November 10th. They set a “buy” rating for the company. Cowen and Company increased their target price on shares of Rio Tinto PLC from $35.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, November 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto PLC in a research note on Thursday, October 27th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Rio Tinto PLC in a research note on Saturday, October 22nd.

Shares of Rio Tinto PLC (NYSE:RIO) opened at 36.55 on Tuesday. Rio Tinto PLC has a 12-month low of $21.89 and a 12-month high of $40.19. The firm has a market capitalization of $65.75 billion, a PE ratio of 1661.36 and a beta of 1.27. The company has a 50-day moving average price of $33.88 and a 200 day moving average price of $31.56.

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in shares of Rio Tinto PLC by 29.9% in the second quarter. Signaturefd LLC now owns 3,285 shares of the mining company’s stock worth $103,000 after buying an additional 757 shares during the period. Carroll Financial Associates Inc. raised its position in shares of Rio Tinto PLC by 2.3% in the second quarter. Carroll Financial Associates Inc. now owns 4,442 shares of the mining company’s stock worth $139,000 after buying an additional 100 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Rio Tinto PLC during the third quarter worth $182,000. NEXT Financial Group Inc raised its position in shares of Rio Tinto PLC by 979.3% in the second quarter. NEXT Financial Group Inc now owns 6,044 shares of the mining company’s stock worth $189,000 after buying an additional 5,484 shares during the period. Finally, Charter Trust Co. bought a new position in shares of Rio Tinto PLC during the third quarter worth $201,000. Institutional investors own 6.87% of the company’s stock.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.

5 Day Chart for NYSE:RIO

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