Liberum Capital disclosed Rio Tinto PLC (LON:RIO), supporting its stock price target at 1,590.00GBX earlier today
- Updated: September 19, 2016
Rio Tinto PLC (LON:RIO) had its target price hold steady to 1,590GBX by Liberum Capital in a report announced Tuesday September 20 2016. The new target price implies a possible downside of -0.33% from the company’s most recent stock close price.
Previously on Monday September 19 2016, Haitong Securities reported about Rio Tinto PLC(LON:RIO) raised the target price from 2,783.00GBX to 2,790.00GBX that indicated a possible upside of 0.19%.
Having a price of 2,374.00GBX, Rio Tinto PLC (LON:RIO) traded 3.49% higher on the day. The last stock price is up 7.76% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. RIO has been tracking to a 50-day moving average of 2,394.36GBX and two hundred day average of 2,189.22GBX. 3,868,271 shares of the stock traded hands, down from ann avg. volume of 4,354,420
Recent Performance Graphic:
With a market cap of 0.0 GBX, Rio Tinto PLC has a price-earnings of 1,072 with a 52 week low of 1,557.00GBX and a 52 week high of 2,621.00GBX.
A total of 26 brokers have released a ratings update on the company. Five analysts rate the company a strong buy, 10 firms rate the stock a buy, nine firms rate the company a hold, three brokerages rate the company to underperform, and lastly one brokeragerate the company as sell with a 12-month target of 30.05GBX
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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