Other equities research analysts also recently issued research reports about the company. UBS set a GBX 4,000 ($56.54) price target on Rio Tinto and gave the stock a buy rating in a report on Wednesday, January 10th. Citigroup restated a buy rating on shares of Rio Tinto in a report on Wednesday, January 10th. Jefferies Group restated a buy rating on shares of Rio Tinto in a report on Monday, December 18th. Deutsche Bank upped their price target on Rio Tinto from GBX 4,500 ($63.60) to GBX 4,600 ($65.02) and gave the stock a buy rating in a report on Monday, January 15th. Finally, Macquarie set a GBX 4,900 ($69.26) price target on Rio Tinto and gave the stock a buy rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Rio Tinto currently has an average rating of Buy and an average target price of GBX 4,140.79 ($58.53).
RIO stock opened at GBX 3,750 ($53.00) on Monday. Rio Tinto has a 12-month low of GBX 2,882.50 ($40.74) and a 12-month high of GBX 4,226.56 ($59.74).
In other news, insider Christopher Lynch sold 9,505 shares of the company’s stock in a transaction dated Monday, February 19th. The stock was sold at an average price of GBX 4,072 ($57.55), for a total transaction of £387,043.60 ($547,058.09). Also, insider Simon Henry acquired 500 shares of the stock in a transaction dated Tuesday, April 10th. The shares were acquired at an average cost of GBX 3,713 ($52.48) per share, with a total value of £18,565 ($26,240.28).
Rio Tinto Company Profile
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.
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.