Rio Tinto plc ADR (NYSE:RIO) Receives Average Rating of “Hold” from Brokerages

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Shares of Rio Tinto plc ADR (NYSE:RIO) have earned an average rating of “Hold” from the twenty-one ratings firms that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company.

Several equities research analysts have issued reports on RIO shares. Jefferies Financial Group lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Liberum Capital lowered shares of Rio Tinto from a “hold” rating to a “sell” rating in a research note on Thursday. Barclays lowered shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a research note on Thursday, June 6th. Societe Generale upgraded shares of Rio Tinto from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, BMO Capital Markets lowered shares of Rio Tinto from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 27th.

Institutional investors have recently added to or reduced their stakes in the company. Personal Wealth Partners acquired a new position in shares of Rio Tinto during the 2nd quarter worth about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Rio Tinto in the 2nd quarter valued at about $25,000. Financial Gravity Wealth Inc. acquired a new position in Rio Tinto in the 1st quarter valued at about $29,000. Liberty Wealth Management LLC grew its stake in Rio Tinto by 238.6% in the 2nd quarter. Liberty Wealth Management LLC now owns 491 shares of the mining company’s stock valued at $31,000 after buying an additional 346 shares during the last quarter. Finally, Arrow Financial Corp acquired a new position in Rio Tinto in the 2nd quarter valued at about $34,000. Institutional investors own 8.71% of the company’s stock.

RIO stock traded down $0.57 during midday trading on Friday, hitting $47.98. The company’s stock had a trading volume of 1,917,796 shares, compared to its average volume of 2,432,551. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 1.22. Rio Tinto has a twelve month low of $44.62 and a twelve month high of $64.02. The company’s fifty day moving average price is $55.37 and its 200 day moving average price is $58.07. The stock has a market capitalization of $61.75 billion, a P/E ratio of 9.46 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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Analyst Recommendations for Rio Tinto (NYSE:RIO)

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