News stories about Rio Tinto (NYSE:RIO) have been trending somewhat negative recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rio Tinto earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned news coverage about the mining company an impact score of 44.5347911806827 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Rio Tinto’s Turquoise Hill Declares Force Majeure At Mongolian Mine (morningstar.co.uk)
- These Factors Could Lead to Upside to CLF’s Free Cash Flow (finance.yahoo.com)
- Rio Tinto (RIO) Price Target Increased to $61.00 by Analysts at Cowen (americanbankingnews.com)
- Teck Resources (TECK) & Rio Tinto (RIO) Critical Contrast (americanbankingnews.com)
- Top stocks in Mining (finance.yahoo.com)
Rio Tinto (NYSE:RIO) traded down $0.19 on Friday, reaching $56.05. 2,510,689 shares of the company’s stock traded hands, compared to its average volume of 2,720,000. The company has a quick ratio of 1.34, a current ratio of 1.71 and a debt-to-equity ratio of 0.31. The company has a market cap of $100,220.00, a PE ratio of 16.34 and a beta of 1.01. Rio Tinto has a 1-year low of $37.66 and a 1-year high of $57.78.
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Rio Tinto Company Profile
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.
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