Rio Tinto’s (RIO) “Buy” Rating Reaffirmed at Goldman Sachs Group

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Rio Tinto (LON:RIO)‘s stock had its “buy” rating reiterated by equities researchers at Goldman Sachs Group in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.

RIO has been the topic of several other reports. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 5,270 ($68.86) price objective (down from GBX 5,490 ($71.74)) on shares of Rio Tinto in a research report on Friday, November 1st. Credit Suisse Group restated an “underperform” rating and issued a GBX 3,820 ($49.92) target price (down previously from GBX 4,340 ($56.71)) on shares of Rio Tinto in a research note on Monday, October 14th. Barclays restated an “underweight” rating on shares of Rio Tinto in a research note on Wednesday, November 27th. Liberum Capital cut shares of Rio Tinto to a “sell” rating in a research note on Friday, September 20th. Finally, DZ Bank upgraded shares of Rio Tinto to a “buy” rating and raised their target price for the stock from GBX 4,500 ($58.80) to GBX 5,100 ($66.64) in a research note on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 4,410.80 ($57.63).

Shares of Rio Tinto stock opened at GBX 4,230 ($55.27) on Tuesday. Rio Tinto has a 1 year low of GBX 3,489 ($45.59) and a 1 year high of GBX 5,039 ($65.84). The company has a debt-to-equity ratio of 31.97, a quick ratio of 1.17 and a current ratio of 1.52. The company has a market capitalization of $53.36 billion and a P/E ratio of 5.30. The company’s fifty day moving average is GBX 4,145 and its two-hundred day moving average is GBX 4,376.66.

In related news, insider Jean-S√©bastien Jacques sold 7 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of GBX 4,007 ($52.36), for a total value of ¬£280.49 ($366.51).

About Rio Tinto

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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Analyst Recommendations for Rio Tinto (LON:RIO)

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