Rio Tinto Plc (RIO) Shares are Down -0.24%

Rio Tinto Plc (RIO) has risen sharply, recording gains of 3.64% in the past 4 weeks. However, the stock has corrected -0.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

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 $32.55 and $32.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.74, notching a gain of 0.86% for the day. The total traded volume was 3,283,943 . The stock had closed at $32.46 on the previous day.

The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 7.35%. Rio Tinto plc is up 5.95% in the last 3-month period. Year-to-Date the stock performance stands at 16.91%.

Rio Tinto Plc (RIO) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $32. The average forecast of all the analysts is $33.83 and the expected standard deviation is $2.02.


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.

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