Rio Tinto Group (LON:RIO) Shares Cross Above 200 Day Moving Average – Should You Sell?

Rio Tinto Group (LON:RIO)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 6,873.22 and traded as high as GBX 7,983. Rio Tinto Group shares last traded at GBX 7,892, with a volume of 1,586,717,000 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 8,500 price objective on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 6,400 target price on shares of Rio Tinto Group in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 6,900 target price on shares of Rio Tinto Group in a report on Wednesday, April 22nd. Citigroup upped their target price on Rio Tinto Group from £760 to £810 and gave the company a “neutral” rating in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and upped their target price for the company from GBX 7,200 to GBX 8,280 in a report on Tuesday, May 26th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Rio Tinto Group presently has a consensus rating of “Hold” and an average target price of £177.97.

Rio Tinto Group Trading Down 3.0%

The company’s 50-day moving average is GBX 7,637.04 and its 200 day moving average is GBX 6,890.59. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51. The firm has a market cap of £123.42 billion, a PE ratio of 12.47, a P/E/G ratio of -0.64 and a beta of 0.65.

Insider Transactions at Rio Tinto Group

In other news, insider Peter Cunningham sold 6 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total value of £438.66. 0.10% of the stock is currently owned by company insiders.

About Rio Tinto Group

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.