Rio Tinto PLC (RIO) Receiving Somewhat Favorable News Coverage, Accern Reports
News stories about Rio Tinto PLC (NYSE:RIO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rio Tinto PLC earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the mining company an impact score of 46.0244457646134 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Rio Tinto PLC (RIO) Sees Large Growth in Short Interest (americanbankingnews.com)
- McEwen Mining (MUX) & Rio Tinto PLC (RIO) Critical Contrast (americanbankingnews.com)
- 3 falling shares in September: Sirius Minerals PLC, Rio Tinto plc and BHP Billiton plc – Investomania (blog) (investomania.co.uk)
- Form 6-K RIO TINTO PLC For: Sep 15 – StreetInsider.com (streetinsider.com)
- LONDON MARKETS: UK Stocks Drop For 4th Day, Under Pressure From Pound’s Rally – Fox Business (foxbusiness.com)
Rio Tinto PLC (RIO) traded up 1.28% during trading on Monday, hitting $48.24. 2,019,664 shares of the company’s stock were exchanged. The company has a market cap of $86.49 billion, a price-to-earnings ratio of 14.06 and a beta of 0.98. The firm has a 50 day moving average price of $47.20 and a 200 day moving average price of $42.70. Rio Tinto PLC has a 52-week low of $30.69 and a 52-week high of $49.89.
The firm also recently disclosed a None dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, August 9th.
RIO has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Bank of America Corporation raised shares of Rio Tinto PLC from an “underperform” rating to a “buy” rating in a report on Friday, June 30th. ValuEngine downgraded shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Clarkson Capital reaffirmed a “buy” rating on shares of Rio Tinto PLC in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $52.00 price objective on shares of Rio Tinto PLC and gave the stock a “buy” rating in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Rio Tinto PLC presently has an average rating of “Buy” and an average target price of $47.50.
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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.
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