Rio Tinto Plc (NYSE:RIO) managed to eke out gains of 0.47% in intraday trade. The share price increased by 0.13 points to $28.07. Till last observation, the net money flow was recorded at a negative $(-1.09) million. The total inflow of $14.04 million in upticks was completely overshadowed by an outflow of $15.13 million in downticks, giving the up/down ratio a value of 0.93. The shares have seen a change of -0.95% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0.7 million and the composite value in downticks was $1.1 million. The resultant up/down ratio for the block exchange was 0.64. The block trade had a negative money flow of $(-0.39) million.
Institutional Investors own 6.31% of Rio Tinto Plc shares.
Rio Tinto Plc (NYSE:RIO) : On Monday heightened volatility was witnessed in Rio Tinto Plc (NYSE:RIO) which led to swings in the share price. The stock opened for trading at $27.78 and hit $28.37 on the upside , eventually ending the session at $28.07, with a gain of 0.47% or 0.13 points. The heightened volatility saw the trading volume jump to 4,970,857 shares. The 52-week high of the share price is $44.19 and the company has a market cap of $50,770 million. The 52-week low of the share price is at $21.885 .
Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup upgrades its ratings on Rio Tinto Plc (NYSE:RIO). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on June 7, 2016.
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.