Rio Tinto Plc (NYSE:RIO) has climbed 4.47% in the past week and advanced 3.11% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.73% and the outperformance has advanced to 2.17% for the last 4 weeks period.
Rio Tinto Plc (NYSE:RIO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.84 and $28.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.19, notching a gain of 2.60% for the day. The total traded volume was 4,380,803 . The stock had closed at $28.45 on the previous day.
The company shares have dropped -32.37% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $44.19 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $29.31 and the 200 Day Moving Average price is recorded at $28.41.
Many analysts have stated their opinion on the company shares. Citigroup upgrades their rating on the shares of Rio Tinto Plc (NYSE:RIO). The current rating of the shares is Neutral. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on June 7, 2016. Institutional Investors own 6.31% of Rio Tinto Plc shares.
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earths mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters. The Companys copper core properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Rio Tinto Kennecott supplies approximately 20% of United States refined copper requirements, and is a mining, concentrating, smelting and refining operations property. Rio Tinto Diamonds is a diamond producer, engaged in mining, manufacturing, selling and marketing diamonds. Rio Tintos Energy product group produces coal and uranium. Rio Tinto operates iron ore portfolio. Exploration joint ventures were established in Canada, the United States, Chile, Mexico and Australia.