Rio Tinto (NYSE:RIO) was downgraded by analysts at Renaissance Capital from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.
A number of other research firms have also weighed in on RIO. BMO Capital Markets started coverage on shares of Encompass Health in a research note on Thursday, June 27th. They issued an “outperform” rating and a $72.00 target price on the stock. Vertical Group raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Thursday, April 4th. Societe Generale raised shares of Anglo American from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Vertical Research raised shares of Rio Tinto from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Investec lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Rio Tinto currently has a consensus rating of “Hold” and an average price target of $61.58.
Shares of Rio Tinto stock opened at $60.96 on Tuesday. The stock has a market cap of $76.87 billion, a price-to-earnings ratio of 12.02 and a beta of 0.81. Rio Tinto has a twelve month low of $44.62 and a twelve month high of $64.02. The company has a 50-day moving average of $60.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.98 and a quick ratio of 1.65.
Rio Tinto Company Profile
Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.
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