Rio Tinto PLC (NYSE:RIO) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

A number of other analysts also recently issued reports on the company. Jefferies Group LLC set a $52.00 target price on Rio Tinto PLC and gave the company a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada downgraded Rio Tinto PLC from a “top pick” rating to an “outperform” rating in a research report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Rio Tinto PLC in a research report on Monday, August 14th. Clarkson Capital reaffirmed a “buy” rating on shares of Rio Tinto PLC in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Rio Tinto PLC from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $43.00.

Shares of Rio Tinto PLC (RIO) traded up 0.92% on Friday, hitting $49.53. The stock had a trading volume of 2,535,383 shares. The stock has a market capitalization of $88.80 billion, a PE ratio of 14.44 and a beta of 0.98. The firm’s 50 day moving average is $46.20 and its 200-day moving average is $42.36. Rio Tinto PLC has a one year low of $29.62 and a one year high of $49.79.

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Several institutional investors have recently bought and sold shares of RIO. Nicholas Hoffman & Company LLC. increased its position in Rio Tinto PLC by 0.3% in the first quarter. Nicholas Hoffman & Company LLC. now owns 8,310 shares of the mining company’s stock valued at $338,000 after buying an additional 24 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in Rio Tinto PLC by 0.4% in the first quarter. Neville Rodie & Shaw Inc. now owns 24,000 shares of the mining company’s stock valued at $976,000 after buying an additional 100 shares during the last quarter. HPM Partners LLC increased its position in Rio Tinto PLC by 1.3% in the second quarter. HPM Partners LLC now owns 10,211 shares of the mining company’s stock valued at $432,000 after buying an additional 132 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Rio Tinto PLC by 0.5% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 30,150 shares of the mining company’s stock valued at $1,276,000 after buying an additional 150 shares during the last quarter. Finally, Bollard Group LLC increased its position in Rio Tinto PLC by 3.0% in the second quarter. Bollard Group LLC now owns 7,196 shares of the mining company’s stock valued at $304,000 after buying an additional 210 shares during the last quarter. 6.88% of the stock is currently owned by institutional investors.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Analyst Recommendations for Rio Tinto PLC (NYSE:RIO)

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