Rio Tinto (RIO) Downgraded by Credit Suisse Group

Share on StockTwits

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.

Large investors have recently bought and sold shares of the business. Trust Department MB Financial Bank N A acquired a new position in shares of Rio Tinto in the 3rd quarter valued at $102,000. Brown Advisory Inc. acquired a new position in shares of Rio Tinto in the 2nd quarter valued at $201,000. Verition Fund Management LLC acquired a new position in shares of Rio Tinto in the 3rd quarter valued at $213,000. BNP Paribas Arbitrage SA lifted its stake in shares of Rio Tinto by 26.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,664 shares of the mining company’s stock valued at $259,000 after purchasing an additional 968 shares during the period. Finally, Sustainable Insight Capital Management LLC acquired a new position in shares of Rio Tinto in the 3rd quarter valued at $259,000. 7.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: Fiduciary

Analyst Recommendations for Rio Tinto (NYSE:RIO)

Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.