Rio Tinto plc (ADR) (NYSE:RIO) has been upgraded to Sector Perform in a statement by CIBC earlier today.
- Updated: September 29, 2016
Boasting a price of $33.74, Rio Tinto plc (ADR) (NYSE:RIO) traded 1.01% higher on the day. With the last close up 11.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Rio Tinto plc (ADR) has recorded a 50-day average of $31.51 and a two hundred day average of $30.58. Volume of trade was down over the average, with 1,821,081 shares of RIO changing hands under the typical 3,780,230
CIBC has upgraded Rio Tinto plc (ADR) (NYSE:RIO) to Sector Perform in a statement released on Thursday September 29, 2016.
With a total market value of $0, Rio Tinto plc (ADR) has PE ratio of 1,549.09 with a one year low of $21.89 and a one year high of $40.05 .
A total of 4 brokerages have released a report on the stock. 3 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 1 broker rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $34.15.
Brief Synopsis On Rio Tinto plc (ADR) (NYSE: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, supplying the seaborne iron ore trade across the world. Its iron ore mines are located in Australia and Canada.
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