HSBC reissued their buy rating on shares of Rio Tinto (LON:RIO) in a report issued on Monday. HSBC currently has a GBX 4,000 ($53.84) price target on the stock.

A number of other analysts also recently commented on RIO. Barclays reaffirmed an overweight rating and set a GBX 4,100 ($55.18) price target on shares of Rio Tinto in a research report on Tuesday, August 8th. Macquarie reaffirmed an outperform rating and set a GBX 4,000 ($53.84) price target on shares of Rio Tinto in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a top pick rating and issued a GBX 4,200 ($56.53) target price on shares of Rio Tinto in a research report on Wednesday, August 9th. UBS set a GBX 3,750 ($50.47) target price on Rio Tinto and gave the stock a buy rating in a research report on Friday, August 11th. Finally, Goldman Sachs Group set a GBX 3,000 ($40.38) target price on Rio Tinto and gave the stock a neutral rating in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 3,987.25 ($53.66).

Shares of Rio Tinto (RIO) opened at GBX 3,433.50 ($46.21) on Monday. 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 news, insider Jean-Sébastien Jacques purchased 10 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was purchased at an average price of GBX 3,721 ($50.08) per share, with a total value of £372.10 ($500.81). Also, insider Christopher Lynch purchased 26,066 shares of the company’s stock in a transaction on Friday, December 1st. The shares were purchased at an average cost 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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