November 25, 2016 - By olga
London: In a research note issued to clients on 25 November, Deutsche kept their “Buy” rating on shares of Rio Tinto (LON:RIO). They currently have a GBX 3700.00 price target on the firm. Deutsche’s target indicates a potential upside of 18.51% from the company’s last price.
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 -11.29% below today’s (GBX 3123) stock price. Rio Tinto PLC has been the topic of 367 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Investec maintained Rio Tinto plc (LON:RIO) rating on Wednesday, September 16. Investec has “Hold” rating and GBX 2353 price target. On Thursday, October 6 the stock rating was maintained by BNP Paribas with “Neutral”. The stock of Rio Tinto plc (LON:RIO) earned “Buy” rating by Goldman Sachs on Wednesday, December 9. The rating was maintained by Deutsche Bank on Thursday, March 10 with “Buy”. On Friday, August 7 the stock rating was maintained by Barclays Capital with “Equal Weight”. Macquarie Research maintained the shares of RIO in a report on Monday, November 16 with “Outperform” rating. The firm earned “Buy” rating on Monday, August 3 by Nomura. Deutsche Bank maintained Rio Tinto plc (LON:RIO) rating on Monday, September 5. Deutsche Bank has “Buy” rating and GBX 3230 price target. The firm has “Buy” rating given on Tuesday, May 31 by Deutsche Bank. Barclays Capital maintained Rio Tinto plc (LON:RIO) rating on Friday, March 18. Barclays Capital has “Overweight” rating and GBX 2175 price target.
About 1.71 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 58.18 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1524.16 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. Prnewswire.com‘s article titled: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” and published on November 16, 2016 is yet another important article.
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