Rio Tinto Group (OTCMKTS:RTNTF) Upgraded by Citigroup to Buy

Rio Tinto Group (OTCMKTS:RTNTFGet Rating) was upgraded by Citigroup to a “buy” rating in a report issued on Thursday, April 21st, TipRanks reports. The brokerage presently has a $135.00 price objective on the stock. Citigroup’s target price indicates a potential upside of 73.22% from the company’s previous close.

Separately, UBS Group raised shares of Rio Tinto Group to a “hold” rating and set a $104.00 price target on the stock in a research report on Monday, March 28th.

RTNTF traded down $3.53 during trading hours on Thursday, hitting $77.94. 1,008 shares of the company’s stock were exchanged, compared to its average volume of 2,297. The stock’s 50-day moving average is $85.07 and its two-hundred day moving average is $77.74. Rio Tinto Group has a 1-year low of $63.01 and a 1-year high of $106.55.

Rio Tinto Group Company Profile (Get Rating)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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