Jefferies Group reaffirmed their buy rating on shares of Rio Tinto (LON:RIO) in a research note released on Tuesday. The firm currently has a GBX 4,200 ($56.53) price objective on the stock.

RIO has been the topic of several other research reports. Deutsche Bank upped their price target on shares of Rio Tinto from GBX 4,200 ($56.53) to GBX 4,300 ($57.87) and gave the stock a buy rating in a research report on Tuesday, September 12th. UBS set a GBX 3,750 ($50.47) price objective on Rio Tinto and gave the stock a buy rating in a report on Wednesday, August 30th. reissued a buy rating and set a GBX 3,800 ($51.14) price objective on shares of Rio Tinto in a report on Wednesday, August 30th. Credit Suisse Group reissued an outperform rating and set a GBX 4,300 ($57.87) price objective on shares of Rio Tinto in a report on Wednesday, November 15th. Finally, Liberum Capital boosted their price objective on Rio Tinto from GBX 2,450 ($32.97) to GBX 2,750 ($37.01) and gave the stock a sell rating in a report on Monday, November 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 3,987.25 ($53.66).

Rio Tinto (LON RIO) opened at GBX 3,467.50 ($46.67) on Tuesday. Rio Tinto has a 52-week low of GBX 2,882.50 ($38.80) and a 52-week high of GBX 4,226.56 ($56.89).

In other Rio Tinto news, insider Jean-Sébastien Jacques acquired 10 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was acquired at an average cost of GBX 3,721 ($50.08) per share, for a total transaction of £372.10 ($500.81). Also, insider Christopher Lynch acquired 26,066 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of GBX 3,490 ($46.97) per share, with a total value of £909,703.40 ($1,224,365.28).

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Rio Tinto 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 (LON:RIO)

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