Rio Tinto Plc (RIO) has an average broker rating of 2, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.
Rio Tinto Plc (RIO) : 3 investment research analysts covering Rio Tinto Plc (RIO) have an average price target of $34.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $38 and the lowest target is $32 for the short term. Analysts expect the variance to be within $3.25 of the average price.
Also, RBC Capital upgrades its rating on Rio Tinto Plc (NYSE:RIO). Analysts at the RBC Capital have a current rating of Outperform on the shares. The shares were previously rated Sector Perform. The rating by the firm was issued on September 8, 2016.
Rio Tinto Plc (NYSE:RIO): After opening at $29.99, the stock dipped to an intraday low of $29.91 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.6 and the buying power remained strong till the end. The stock closed at $30.49 for the day, a gain of 0.56% for the day session. The total traded volume was 4,241,238. The stocks close on the previous trading day was $30.32.
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.