Rio Tinto Group (LON:RIO – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,836.39 and traded as high as GBX 6,430. Rio Tinto Group shares last traded at GBX 6,238, with a volume of 203,075,234 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on RIO. Royal Bank Of Canada lifted their price target on shares of Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the company a “sector perform” rating in a research report on Thursday, January 22nd. Berenberg Bank reissued a “hold” rating and issued a GBX 5,300 target price on shares of Rio Tinto Group in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 5,830.
Read Our Latest Analysis on Rio Tinto Group
Rio Tinto Group Price Performance
Rio Tinto Group Company Profile
We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.
We have more than 150 years of mining and processing experience guiding our work.
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