Breaking Finance News

Rio Tinto (NYSE:RIO) has been downgraded from Outperform to Sector Perform in a report by RBC Capital today.

Yesterday Rio Tinto (NYSE:RIO) traded 0.50% higher at $48.37. The company’s 50-day moving average is $48.36 and its 200-day moving average is $43.88. The last stock close price is up 10.23% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,163,723 shares of the stock were exchanged, down from an average trading volume of 2,992,230

RBC Capital has downgraded Rio Tinto (NYSE:RIO) from Outperform to Sector Perform in a report released on 10/23/2017.

See Chart Below

Rio Tinto (NYSE:RIO)

Rio Tinto has a price-earnings ratio of 14.10 with a one year low of $32.47 and a one year high of $50.77 RIO’s total market value is presently $0.

A total of 4 brokerages have issued a ratings update on the stock. 3 firms rating the stock a strong buy, zero equity analysts rating the company a buy, one equity analyst rating the company a hold, one equity analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $34.15.

General Company Details For Rio Tinto (NYSE:RIO)

Rio Tinto plc is a mining and metals company. The Company's business is finding, mining and processing mineral resources. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade. Its Iron Ore product operations are located in the Pilbara region of Western Australia. The Aluminium business includes bauxite mines, alumina refineries and aluminum smelters. Its bauxite mines are located in Australia, Brazil and Guinea. The Copper & Diamonds segment has managed operations in Australia, Canada, Mongolia and the United States, and non-managed operations in Chile and Indonesia. The Energy & Minerals segment consists of mining, refining and marketing operations in over 10 countries, across six sectors: borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *