Rio Tinto (RIO) Upgraded at Goldman Sachs Group
Rio Tinto (NYSE:RIO) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Monday, The Fly reports.
A number of other equities research analysts have also weighed in on RIO. CLSA lowered shares of Rio Tinto from an “outperform” rating to an “underperform” rating in a report on Thursday. Zacks Investment Research lowered shares of Rio Tinto from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. Credit Suisse Group lowered shares of Rio Tinto from an “outperform” rating to a “neutral” rating in a report on Thursday, December 13th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Rio Tinto in a report on Wednesday, November 7th. Finally, Societe Generale lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $58.25.
Shares of RIO stock traded down $0.25 during trading hours on Monday, reaching $55.78. 1,903,171 shares of the company’s stock were exchanged, compared to its average volume of 3,061,368. The company has a market cap of $72.50 billion, a PE ratio of 11.65 and a beta of 0.85. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. Rio Tinto has a fifty-two week low of $44.62 and a fifty-two week high of $60.72.
Rio Tinto Company Profile
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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