Somewhat Negative News Coverage Somewhat Unlikely to Affect Rio Tinto (RIO) Share Price

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 (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.

Several analysts recently commented on RIO shares. Societe Generale raised shares of Rio Tinto from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Citigroup reissued a “buy” rating on shares of Rio Tinto in a research report on Tuesday, December 5th. Jefferies Group set a $55.00 price objective on shares of Rio Tinto and gave the company a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Rio Tinto from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, December 20th. Finally, Canaccord Genuity cut shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Rio Tinto presently has an average rating of “Hold” and a consensus target price of $55.09.

TRADEMARK VIOLATION NOTICE: “Somewhat Negative News Coverage Somewhat Unlikely to Affect Rio Tinto (RIO) Share Price” was published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/3146509/somewhat-negative-news-coverage-somewhat-unlikely-to-affect-rio-tinto-rio-share-price.html.

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.

Insider Buying and Selling by Quarter for Rio Tinto (NYSE:RIO)

Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.