Rio Tinto (RIO) Earns “Buy” Rating from HSBC
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).
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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.
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