Citigroup Inc. downgraded Rio Tinto plc (ADR) (NYSE:RIO) to Sell in a report released today.
- Updated: October 12, 2016
Citigroup Inc. has downgraded Rio Tinto plc (ADR) (NYSE:RIO) to Sell in a report released on 10/12/2016.
Only yesterday Rio Tinto plc (ADR) (NYSE:RIO) traded 0.71% higher at $32.81. Rio Tinto plc (ADR)’s 50-day average is $31.85 and its two hundred day average is $30.90. The last closing price is up 6.17% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 5,018,931 shares of Rio Tinto plc (ADR) exchanged hands, up from an avg. trading volume of 3,638,720
Recent Performance Chart
Rio Tinto plc (ADR) has 52 week low of $21.89 and a 52 week high of $39.37 with a PE ratio of 1,491.36 and has a market capitalization of $0.
A total of 4 analysts have released a report on Rio Tinto plc (ADR). Three analysts rating the company a strong buy, 0 brokers rating the stock a buy, 1 broker rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $34.15.
General Information About Rio Tinto plc (ADR) (NYSE: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, supplying the seaborne iron ore trade across the world. Its iron ore mines are located in Australia and Canada.
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