A statement released earlier today by Macquarie about Rio Tinto PLC (LON:RIO) bumps the target price to 3,300.00GBX
- Updated: September 19, 2016
Boasting a price of 2,377.50GBX, Rio Tinto PLC (LON:RIO) traded 3.49% higher on the day. With the last close up 7.76% from the 200-day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. RIO has logged a 50-day moving average of 2,394.36GBX and two hundred day moving average of 2,189.22GBX. Volume of trade was was down over the average, with 3,868,271 shares of RIO changing hands under the typical 4,354,420 shares.
Macquarie upped the target stock price of Rio Tinto PLC (LON:RIO) to 3,300GBX, stating a possible upside of 0.39%,
On Monday September 19 2016, Haitong Securities released a statement about Rio Tinto PLC(LON:RIO) bumped the target price from 2,783.00GBX to 2,790.00GBX that indicated a possible upside of 0.19%.
Recent Performance Graphic:
A total of 26 equity analysts have issued a report on RIO. Five analysts rate the company a strong buy, 10 firms rate the company a buy, nine firms rate the company a hold, three brokerages rate the company to underperform, and lastly one analystrate the company as sell with a one year target of 30.05GBX
With a market capitalization of 0.0 GBX, Rio Tinto PLC has a 52 week low of 1,557.00GBX and a one-year high of 2,621.00GBX with a PE ratio of 1,072.
Brief Synopsis On Rio Tinto PLC (LON:RIO)
Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters. The Company’s copper and coal business includes approximately four copper operating assets, including in the United States, Mongolia, Chile and Indonesia, and over six coal operations in Australia and South Africa, as well as development projects. The Company’s diamonds and minerals businesses include mining, refining and marketing operations across approximately five sectors. The Company operates an iron ore portfolio, and supplying the seaborne iron ore trade across the world. Its iron ore mines are located in Australia and Canada.
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