Rating Change: HSBC Reiterates GBX 3300.00 Target Price On Rio Tinto PLC (LON:RIO), Reiterates Buy Rating

November 25, 2016 - By olga

Rio Tinto PLC (LON:RIO) Rating

In analysts report revealed to clients and investors on today, HSBC kept their Buy rating on Rio Tinto PLC (LON:RIO)‘s stock. The PT suggests a potential upside of 3.57% from firm’s close price.

Rio Tinto plc (LON:RIO) Ratings Coverage

Out of 29 analysts covering Rio Tinto PLC (LON:RIO), 18 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 62% are positive. GBX 4000 is the highest target while GBX 3 is the lowest. The GBX 2770.35 average target is -11.02% below today’s (GBX 3113.5) stock price. Rio Tinto PLC has been the topic of 367 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, April 20 report. The rating was maintained by Credit Suisse on Thursday, April 14 with “Neutral”. The stock has “Buy” rating given by Haitong Securities on Monday, April 25. The firm earned “Outperform” rating on Wednesday, November 25 by Macquarie Research. JP Morgan maintained the shares of RIO in a report on Friday, September 4 with “Overweight” rating. Jefferies maintained the shares of RIO in a report on Monday, February 15 with “Buy” rating. The firm earned “Overweight” rating on Wednesday, September 21 by Barclays Capital. Canaccord Genuity maintained the shares of RIO in a report on Wednesday, August 3 with “Buy” rating. JP Morgan maintained Rio Tinto plc (LON:RIO) on Tuesday, August 4 with “Overweight” rating. The company was maintained on Monday, October 19 by JP Morgan.

About 1.07M shares traded hands. Rio Tinto plc (LON:RIO) has risen 38.90% since April 27, 2016 and is uptrending. It has outperformed by 33.49% the S&P500.

Rio Tinto plc is a mining company. The Firm focuses on finding, mining, processing and marketing the Earth’s mineral resources. The company has a market cap of 58.00 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1519.52 P/E ratio. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.

According to Zacks Investment Research, “Rio Tinto PLC is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon. RTZ’s various mining operations are located in New Zealand, Australia, South Africa, Europe and Canada.”

RIO Company Profile

Rio Tinto plc, incorporated on March 30, 1962, is a mining company. The Firm focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s divisions include aluminum, copper & coal, diamonds & minerals, iron ore and Other Operations.

More news for Rio Tinto plc (LON:RIO) were recently published by: Bloomberg.com, which released: “Rio Tinto Fires Two Senior Executives Amid Payment Probe” on November 16, 2016. Wsj.com‘s article titled: “Rio Tinto Executive Suspended, Another Steps Down Amid Payments Probe” and published on November 09, 2016 is yet another important article.

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