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JP Morgan Cazenove announced Rio Tinto PLC (LON:RIO), boosting its stock price target to 3,150.00GBX today

Stating a possible upside of 0.38%, JP Morgan Cazenove upped the target stock price of Rio Tinto PLC (LON:RIO) to 3,150GBX

Boasting a price of 2,289.00GBX, Rio Tinto PLC (LON:RIO) traded 0.13% lower on the day. The last stock price is up 4.24% from the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the date range. Rio Tinto PLC has recorded a 50-day average of 2,407.46GBX and two hundred day average of 2,181.53GBX. 57,154 shares of RIO were exchanged, down from ann avg. trading volume of 4,392,780

Recent Performance Chart:

Rio Tinto PLC (LON:RIO)

Rio Tinto PLC has a price-earnings of 1,034 with a one-year low of 1,557.00GBX and a one-year high of 2,621.00GBX. Rio Tinto PLC’s market cap is currently 0.0 GBX.

Also covering Rio Tinto PLC’s price target, a total of 26 brokers have issued a ratings update on RIO. The one year target is 30.05GBX with five firms rating the stock a strong buy, 10 analysts rating the stock a buy, nine firms rating the stock a hold, three analysts rating the company to underperform, and lastly one brokeragerating the company as sell.

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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