Rio Tinto PLC (LON:RIO) target price held steady at 2,800.00GBX, reported today by Canaccord Genuity
- Updated: September 18, 2016
Reporting a possible upside of 0.15%, Canaccord Genuity held the price target of Rio Tinto PLC (LON:RIO) at 2,800GBX.
Previously on 8/02/2016, Deutsche Bank released a statement about Rio Tinto PLC(LON:RIO) raised the target price at 3,160.00GBX. At the time, this suggested an upside of 0.27%.
Just yesterday Rio Tinto PLC (LON:RIO) traded 0.76% lower at 2,427.00GBX. RIO’s 50-day moving average is 2,400.89GBX and its 200-day moving average is 2,185.00GBX. The last stock close is up 4.45% relative to the two hundred day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same time. Volume of trade was was up over the average, with 4,978,021 shares of RIO changing hands over the typical 4,335,520 shares..
See Graph Below:
Rio Tinto PLC has a one-year low of 1,557.00GBX and a 52 week high of 2,621.00GBX with a PE ratio of 1,037. The company’s market cap is currently 0.0 GBX.
A total of 26 brokerages have released a report on RIO. Five analysts rate the stock a strong buy, 10 analysts rate the stock a buy, nine analyts rate the stock a hold, three analysts rate the stock to underperform, and finally one brokeragerate the stock as sell with an average target of 30.05GBX
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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