Barclays reaffirmed their underweight rating on shares of Rio Tinto (LON:RIO) in a report released on Tuesday morning, Digital Look reports. The brokerage currently has a GBX 4,000 ($52.27) price objective on the stock.
RIO has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 5,610 ($73.30) price objective on shares of Rio Tinto in a research report on Monday, August 12th. Deutsche Bank set a GBX 5,100 ($66.64) price objective on Rio Tinto and gave the stock a neutral rating in a research report on Friday, August 2nd. Shore Capital reaffirmed a not rated rating on shares of Rio Tinto in a research report on Thursday, June 6th. HSBC set a GBX 5,200 ($67.95) price objective on Rio Tinto and gave the stock a neutral rating in a research report on Monday, July 15th. Finally, Citigroup reaffirmed a buy rating on shares of Rio Tinto in a research report on Tuesday, July 30th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Rio Tinto presently has an average rating of Hold and an average target price of GBX 4,512.05 ($58.96).
Rio Tinto stock opened at GBX 4,005 ($52.33) on Tuesday. Rio Tinto has a twelve month low of GBX 3,460.50 ($45.22) and a twelve month high of GBX 5,039 ($65.84). The stock’s fifty day moving average is GBX 4,599.32. The company has a quick ratio of 1.17, a current ratio of 1.52 and a debt-to-equity ratio of 31.97. The stock has a market capitalization of $50.69 billion and a price-to-earnings ratio of 5.02.
In related news, insider Jean-Sébastien Jacques sold 4,011 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of GBX 4,510 ($58.93), for a total transaction of £180,896.10 ($236,372.79). In the last quarter, insiders have sold 4,025 shares of company stock valued at $18,156,922.
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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