Investec retained Rio Tinto PLC (LON:RIO) to Buy in a report released today.
- Updated: September 19, 2016
Boasting a price of 2,428.75GBX, Rio Tinto PLC (LON:RIO) traded 3.49% higher on the day. The last close is up 7.76% relative to the two hundred day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same period. The company has been tracking to a 50-day moving average of 2,394.36GBX and 200-day moving average of 2,189.22GBX. 3,868,271 shares of Rio Tinto PLC exchanged hands, down from ann average volume of 4,354,420
Investec has retained Rio Tinto PLC(LON:RIO) to Buy in a report released 8/03/2016.
Previously on 8/02/2016, Deutsche Bank released a statement for Rio Tinto PLC(LON:RIO) kept the target price at 3,160.00GBX. At the time, this indicated a possible upside of 0.27%.
Recent Performance Chart:
A total of 26 brokerages have issued a ratings update on Rio Tinto PLC. Five firms rate the company a strong buy, 10 analysts rate the company a buy, nine firms rate the stock a hold, three analysts rate the stock to underperform, and finally one analystrate the company as sell with a 12-month target stock price of 30.05GBX
With a market cap of 0.0 GBX, Rio Tinto PLC has a price-earnings of 1,072 with a one-year low of 1,557.00GBX and a one-year high of 2,621.00GBX.
General Company Details For 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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