A number of other research analysts have also weighed in on RIO. UBS Group reissued a neutral rating on shares of Rio Tinto in a research report on Friday, June 14th. Liberum Capital lowered shares of Rio Tinto from a buy rating to a hold rating in a research report on Wednesday, July 24th. Investec lowered shares of Rio Tinto from a buy rating to a hold rating in a research report on Wednesday, April 17th. BMO Capital Markets lowered shares of Rio Tinto from an outperform rating to a market perform rating in a research report on Thursday, June 27th. Finally, Zacks Investment Research lowered shares of Rio Tinto from a buy rating to a hold rating in a research report on Thursday, August 8th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $59.77.
RIO opened at $48.97 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 1.22. The company’s 50-day moving average is $57.60 and its 200 day moving average is $58.41. Rio Tinto has a fifty-two week low of $44.62 and a fifty-two week high of $64.02. The firm has a market capitalization of $63.61 billion, a P/E ratio of 9.66 and a beta of 0.83.
About Rio Tinto
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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