Rio Tinto plc ADR (NYSE:RIO) – Research analysts at Jefferies Financial Group cut their FY2020 earnings per share (EPS) estimates for Rio Tinto in a research note issued on Tuesday, July 16th. Jefferies Financial Group analyst C. Lafemina now expects that the mining company will post earnings of $7.33 per share for the year, down from their previous forecast of $7.54. Jefferies Financial Group also issued estimates for Rio Tinto’s FY2021 earnings at $6.45 EPS.

A number of other analysts also recently issued reports on RIO. Vertical Research upgraded shares of Rio Tinto from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. BMO Capital Markets started coverage on shares of Encompass Health in a report on Thursday, June 27th. They issued an “outperform” rating and a $72.00 target price on the stock. Societe Generale upgraded shares of Anglo American from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Investec downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Finally, Liberum Capital upgraded shares of Rio Tinto from a “sell” rating to a “buy” rating in a report on Friday, May 17th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $61.58.

Shares of NYSE RIO opened at $61.11 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 1.98. The company has a market cap of $77.15 billion, a P/E ratio of 12.05 and a beta of 0.81. The company has a fifty day moving average of $60.48. Rio Tinto has a 52-week low of $44.62 and a 52-week high of $64.02.

Institutional investors have recently bought and sold shares of the company. IFG Advisory LLC bought a new position in Rio Tinto during the 1st quarter valued at about $219,000. Belpointe Asset Management LLC bought a new position in Rio Tinto during the 1st quarter valued at about $109,000. Yorktown Management & Research Co Inc grew its holdings in Rio Tinto by 30.0% during the 1st quarter. Yorktown Management & Research Co Inc now owns 13,000 shares of the mining company’s stock valued at $765,000 after purchasing an additional 3,000 shares during the last quarter. GYL Financial Synergies LLC bought a new position in Rio Tinto during the 1st quarter valued at about $256,000. Finally, First Bank & Trust bought a new position in Rio Tinto during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Earnings History and Estimates for Rio Tinto (NYSE:RIO)

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