Rio Tinto Plc (RIO) Shares are Down -1.62%

Rio Tinto Plc (RIO) : During the past 4 weeks, traders have been relatively bearish on Rio Tinto Plc (RIO), hence the stock is down -3.7% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.97% relative to the S&P 500. The 4-week change in the price of the stock is -3.9% and the stock has fallen -1.62% in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.86% and the fifty day Moving Average is 0.9%. Rio Tinto plc is up 11.3% in the last three month period. Year-to-Date the stock performance stands at 14.19%.

Rio Tinto Plc (RIO) : The most positive equity analysts on Rio Tinto Plc (RIO) expects the shares to touch $38, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $34.83 with an expected fluctuation of $3.25 from the mean.


Rio Tinto Plc (NYSE:RIO): On Fridays trading session , Opening price of the stock was $32.37 with an intraday high of $32.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.24. However, the stock managed to close at $31.54, a loss of 0.88% for the day. On the previous day, the stock had closed at $31.82. The total traded volume of the day was 6,799,484 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.