Breaking Finance News

A statement released earlier today by Macquarie about Rio Tinto PLC (LON:RIO) holds the target price at 4,000.00GBX

Rio Tinto PLC (LON:RIO) had its target price hold steady to 4,000.00GBX by Macquarie in a report released 7/6/2017. The latest target suggests a potential upside of 0.18% from the company's most recent close.

On 07/05/2017, Goldman Sachs released a statement on Rio Tinto PLC (LON:RIO) bumped up the target price from 2,800.00GBX to 2,900.00GBX that suggested a downside of -0.16%.

Boasting a price of 3,377.75GBX, Rio Tinto PLC (LON:RIO) traded 2.38% higher on the day. With the last stock price close up 5.26% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Rio Tinto PLC has recorded a 50-day average of 3,419.84GBX and a two hundred day average of 3,283.24GBX. Volume of trade was down over the average, with 2,845,607 shares of RIO changing hands under the typical 3,987,530

Recent Performance Chart

Rio Tinto PLC (LON:RIO)

Rio Tinto PLC has PE ratio of 10.08 with a one year low of 2,253.50GBX and a one year high of 3,718.50GBX and has a market capitalization of 0 GBX.

A total of 26 brokers have issued a research note on the company. 5 firms rating the stock a strong buy, 10 analysts rating the company a buy, nine analysts rating the company a hold, three equity analysts rating the company a underperform, and finally one equity analyst rating the stock a sell with a average stock price target of 30.05GBX.

Brief Synopsis On Rio Tinto PLC (LON:RIO)

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. Its Iron Ore product operations are located in the Pilbara region of Western Australia. The Aluminium business includes bauxite mines, alumina refineries and aluminum smelters. Its bauxite mines are located in Australia, Brazil and Guinea. The Copper & Diamonds segment has managed operations in Australia, Canada, Mongolia and the United States, and non-managed operations in Chile and Indonesia. The Energy & Minerals segment consists of mining, refining and marketing operations in over 10 countries, across six sectors: borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.