Credit Suisse Group downgraded shares of Rio Tinto (NYSE:RIO) from an outperform rating to a neutral rating in a research note issued to investors on Thursday, MarketBeat reports.
Several other research analysts also recently commented on RIO. Zacks Investment Research downgraded Rio Tinto from a buy rating to a hold rating in a report on Wednesday, November 21st. ValuEngine downgraded Rio Tinto from a hold rating to a sell rating in a report on Monday, October 8th. JPMorgan Chase & Co. downgraded Rio Tinto to a buy rating in a report on Thursday, December 6th. Societe Generale downgraded Rio Tinto from a buy rating to a hold rating in a report on Wednesday, October 24th. Finally, BMO Capital Markets reaffirmed a buy rating on shares of Rio Tinto in a report on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $58.80.
Shares of RIO opened at $46.68 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.77. Rio Tinto has a one year low of $44.62 and a one year high of $60.72.
About Rio Tinto
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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