Jefferies International announced Rio Tinto PLC (LON:RIO), upholding its stock price target at 2,600.00GBX today
- Updated: September 18, 2016
Only yesterday Rio Tinto PLC (LON:RIO) traded 0.76% lower at 2,425.50GBX. RIO’s 50-day moving average is 2,400.89GBX and its two hundred day average is 2,185.00GBX. The last stock price is up 4.45% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. 4,978,021 shares of Rio Tinto PLC traded, up from ann average trading volume of 4,335,520.
In a report announced on 8/15/2016 Jefferies International held steady the target price of Rio Tinto PLC (LON:RIO) at 2,600GBX indicating a possible upsideof 0.07%.
A total of 26 firms have released a research note on RIO. Five analysts rate the stock a strong buy, 10 firms rate the stock a buy, nine analyts rate the company a hold, three analysts rate the stock to underperform, and lastly one analystrate the stock as sell with an average target of 30.05GBX
Rio Tinto PLC has a 52 week low of 1,557.00GBX and a 52 week high of 2,621.00GBX with a price-earnings ratio of 1,037 and has a market capitalization of 0.0 GBX.
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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