November 25, 2016 - By whatsonthorold
Rio Tinto PLC (LON:RIO) had its stock rating noted as Hold by analysts at Societe Generale. Societe Generale currently has a GBX 3000.00 target on the 57.85B GBP market cap company or -5.85% downside potential. This was disclosed in analysts note 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 -10.79% below today’s (GBX 3105.5) stock price. Rio Tinto PLC has been the topic of 367 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Goldman Sachs given on Wednesday, December 9. As per Tuesday, September 8, the company rating was maintained by Deutsche Bank. The rating was maintained by Deutsche Bank on Thursday, August 4 with “Buy”. The company was maintained on Thursday, August 4 by Macquarie Research. The rating was upgraded by Liberum Capital on Wednesday, August 5 to “Hold”. As per Tuesday, March 15, the company rating was maintained by Macquarie Research. The stock of Rio Tinto plc (LON:RIO) has “Overweight” rating given on Wednesday, July 20 by JP Morgan. Nomura maintained the stock with “Buy” rating in Wednesday, March 9 report. The firm has “Buy” rating by Deutsche Bank given on Monday, May 16. The stock of Rio Tinto plc (LON:RIO) has “Overweight” rating given on Thursday, May 5 by Barclays Capital.
About 959,109 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 57.85 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1515.62 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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