November 25, 2016 - By Marguerite Chambers
Stock research analysts at HSBC have GBX 3300.00 TP on Rio Tinto (LON:RIO). HSBC’s TP gives a potential upside of 5.92% from the company’s last close price. The rating was disclosed in a research report on Friday morning.
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 -10.99% below today’s (GBX 3112.5) stock price. Rio Tinto PLC has been the topic of 367 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by Goldman Sachs on Tuesday, February 9. The rating was maintained by Barclays Capital on Thursday, November 10 with “Overweight”. The stock has “Speculative Buy” rating given by Beaufort Securities on Wednesday, December 9. The stock has “Buy” rating given by Deutsche Bank on Monday, October 5. The firm earned “Equal Weight” rating on Friday, August 7 by Barclays Capital. The company was maintained on Friday, February 12 by Barclays Capital. The stock of Rio Tinto plc (LON:RIO) earned “Neutral” rating by BNP Paribas on Wednesday, March 16. The stock of Rio Tinto plc (LON:RIO) earned “Buy” rating by Deutsche Bank on Thursday, August 4. The rating was maintained by J.P. Morgan on Friday, November 20 with “Overweight”. Bernstein maintained the stock with “Outperform” rating in Wednesday, September 9 report.
About 1.42 million 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 57.98 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1519.03 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 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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