Rio Tinto PLC (LON:RIO) has been reiterated to Outperform in a statement by Credit Suisse earlier today.
- Updated: April 20, 2017
Credit Suisse has reiterated Rio Tinto PLC (LON:RIO) to Outperform in a statement released on 4/21/2017.
On 04/19/2017, Credit Suisse released a statement about Rio Tinto PLC (LON:RIO) maintained the target price at 4,000.00GBX that suggested an upside of 0.28%.
Having a price of 3,115.00GBX, Rio Tinto PLC (LON:RIO) traded 0.76% higher on the day. With the last stock price down -3.46% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. RIO has recorded a 50-day average of 3,261.21GBX and a two hundred day average of 3,163.03GBX. Volume of trade was down over the average, with 665,843 shares of RIO changing hands under the typical 4,665,870
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Rio Tinto PLC has a 52 week low of 1,853.00GBX and a 52 week high of 3,718.50GBX with a P/E ratio of 11.96 The company’s market cap is currently 0 GBX.
In addition to Credit Suisse reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is 30.05GBX with 5 firms rating the stock a strong buy, 10 firms rating the stock a buy, 9 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Rio Tinto PLC (LON: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.
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