Rio Tinto PLC (NYSE:RIO) was downgraded by investment analysts at Royal Bank Of Canada from a “top pick” rating to an “outperform” rating in a note issued to investors on Tuesday.

Other equities analysts also recently issued reports about the company. Axiom Securities restated a “sell” rating on shares of Rio Tinto PLC in a research note on Thursday, July 13th. Clarkson Capital restated a “buy” rating on shares of Rio Tinto PLC in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Rio Tinto PLC in a research note on Monday. BidaskClub downgraded Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Cowen and Company set a $47.00 target price on Rio Tinto PLC and gave the company a “hold” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $41.80.

Shares of Rio Tinto PLC (NYSE RIO) opened at 44.76 on Tuesday. The firm has a market capitalization of $80.25 billion, a PE ratio of 13.05 and a beta of 0.98. Rio Tinto PLC has a 52-week low of $29.62 and a 52-week high of $48.03. The firm’s 50-day moving average price is $44.70 and its 200-day moving average price is $42.08.

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A number of large investors have recently added to or reduced their stakes in the company. Knowledge Leaders Capital LLC increased its stake in Rio Tinto PLC by 126.0% in the second quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock worth $101,000 after buying an additional 1,334 shares during the period. Acrospire Investment Management LLC increased its stake in Rio Tinto PLC by 13.0% in the second quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock worth $110,000 after buying an additional 299 shares during the period. Quantbot Technologies LP purchased a new stake in Rio Tinto PLC during the first quarter worth $111,000. Hudock Capital Group LLC increased its stake in Rio Tinto PLC by 125.4% in the second quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock worth $118,000 after buying an additional 1,555 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new stake in Rio Tinto PLC during the fourth quarter worth $119,000. Hedge funds and other institutional investors own 7.22% of the company’s stock.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Analyst Recommendations for Rio Tinto PLC (NYSE:RIO)

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