Other equities analysts also recently issued reports about the company. Jefferies Group reissued a buy rating and set a GBX 4,200 ($58.03) price objective on shares of Rio Tinto in a research report on Tuesday, December 5th. Deutsche Bank reissued a buy rating and set a GBX 4,500 ($62.17) price objective on shares of Rio Tinto in a research report on Tuesday, December 5th. HSBC reissued a buy rating and set a GBX 4,000 ($55.26) price objective on shares of Rio Tinto in a research report on Monday, December 4th. UBS set a GBX 4,000 ($55.26) price objective on Rio Tinto and gave the stock a buy rating in a research report on Wednesday, December 13th. Finally, Macquarie set a GBX 4,900 ($67.70) price objective on Rio Tinto and gave the stock a buy rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of GBX 4,153.95 ($57.39).
RIO stock opened at GBX 3,566.50 ($49.27) on Wednesday. Rio Tinto has a 52-week low of GBX 2,882.50 ($39.82) and a 52-week high of GBX 4,226.56 ($58.39). The company has a market capitalization of $67,730.00 and a PE ratio of 971.80.
In related news, insider Christopher Lynch sold 9,505 shares of the company’s stock in a transaction that occurred on Monday, February 19th. The stock was sold at an average price of GBX 4,072 ($56.26), for a total value of £387,043.60 ($534,738.33).
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About Rio Tinto
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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