BNP Paribas upgraded Rio Tinto plc (ADR) (NYSE:RIO) to Outperform in a statement released earlier today.
- Updated: April 20, 2017
Boasting a price of $38.52, Rio Tinto plc (ADR) (NYSE:RIO) traded -0.26% lower on the day. The last stock close price is down -2.73% from the 200-day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. RIO has recorded a 50-day moving average of $40.82 and a 200-day moving average of $39.60. 3,574,584 shares of Rio Tinto plc (ADR) traded, down from an avg. volume of 4,183,590
BNP Paribas has upgraded Rio Tinto plc (ADR) (NYSE:RIO) to Outperform in a report released on 04/20/2017.
Previously on 4/12/2017, Zacks Investment Research released a statement about Rio Tinto plc (ADR) (NYSE:RIO) increased the target price from $0.00 to $47.00 that suggested an upside of 0.13%.
Rio Tinto plc (ADR) has a 52 week low of $26.95 and a 52 week high of $47.11 with a P/E ratio of 15.09 Rio Tinto plc (ADR)’s market capitalization is currently $0.
Also covering Rio Tinto plc (ADR)'s price target, a total of 4 firms have reported on the stock. The consensus target price is $34.15 with three equity analysts rating the company a strong buy, zero brokers rating the stock a buy, 1 broker rating the stock a hold, one analyst rating the company a underperform, and lastly zero analysts rating the stock a sell.
Brief Synopsis On Rio Tinto plc (ADR) (NYSE: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.