Axiom Securities reaffirmed their sell rating on shares of Rio Tinto plc (NYSE:RIO) in a research report released on Saturday morning.

Several other equities research analysts have also recently issued reports on RIO. Cowen and Company reaffirmed a market perform rating and issued a $35.00 target price on shares of Rio Tinto plc in a report on Thursday, September 15th. Liberum Capital reaffirmed a sell rating on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Deutsche Bank AG reaffirmed a buy rating on shares of Rio Tinto plc in a report on Wednesday, September 7th. Vetr raised Rio Tinto plc from a hold rating to a buy rating and set a $34.00 target price on the stock in a report on Tuesday, August 2nd. Finally, HSBC initiated coverage on Rio Tinto plc in a report on Thursday, November 10th. They issued a buy rating on the stock. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $35.56.

Shares of Rio Tinto plc (NYSE:RIO) opened at 39.35 on Friday. The firm has a 50-day moving average price of $35.23 and a 200 day moving average price of $31.98. The stock has a market cap of $70.78 billion, a PE ratio of 1788.64 and a beta of 1.27. Rio Tinto plc has a 12-month low of $21.89 and a 12-month high of $40.19.

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Several institutional investors have recently modified their holdings of the company. Signaturefd LLC increased 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 last quarter. Carroll Financial Associates Inc. increased 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 last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Rio Tinto plc during the third quarter worth about $182,000. NEXT Financial Group Inc increased 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 last quarter. Finally, Charter Trust Co. acquired a new position in shares of Rio Tinto plc during the third quarter worth about $201,000. 6.91% of the stock is currently owned by institutional investors and hedge funds.

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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