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Royal Bank of Canada set a GBX 3,900 ($50.96) price target on Rio Tinto (LON:RIO) in a research report sent to investors on Wednesday, June 19th, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Several other equities research analysts have also recently weighed in on RIO. Credit Suisse Group set a €19.00 ($22.09) price objective on shares of K&S and gave the company a neutral rating in a research report on Tuesday, May 14th. Shore Capital restated a buy rating on shares of in a report on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of ROYAL MAIL PLC/ADR from an underweight rating to a neutral rating in a report on Monday, June 3rd. Societe Generale upgraded shares of Anglo American to a buy rating in a report on Thursday, May 23rd. Finally, Citigroup lowered shares of BCE from a buy rating to a neutral rating in a research note on Thursday, May 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 4,500.58 ($58.81).
LON:RIO traded down GBX 15.50 ($0.20) during trading hours on Wednesday, hitting GBX 4,808.50 ($62.83). 2,321,911 shares of the stock traded hands, compared to its average volume of 4,860,000. Rio Tinto has a 1 year low of GBX 3,460.50 ($45.22) and a 1 year high of GBX 5,039 ($65.84). The firm has a 50 day moving average of GBX 4,721.59. The company has a current ratio of 1.92, a quick ratio of 1.51 and a debt-to-equity ratio of 25.60. The stock has a market capitalization of $61.04 billion and a P/E ratio of 6.11.
In other Rio Tinto news, insider Jean-Sébastien Jacques sold 4,011 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of GBX 4,510 ($58.93), for a total value of £180,896.10 ($236,372.79).
Rio Tinto Company Profile
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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