A number of other brokerages also recently commented on RIO. Liberum Capital raised shares of Rio Tinto Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Citigroup raised shares of Rio Tinto Group from a “neutral” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Rio Tinto Group from GBX 5,300 ($68.96) to GBX 5,600 ($72.86) in a research report on Tuesday. Zacks Investment Research downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 10th. Finally, Jefferies Financial Group boosted their target price on shares of Rio Tinto Group from $65.00 to $70.00 in a research report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2,420.06.
RIO stock opened at $78.58 on Thursday. Rio Tinto Group has a 52-week low of $59.58 and a 52-week high of $95.97. The company’s 50 day simple moving average is $78.42 and its 200-day simple moving average is $71.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.50 and a current ratio of 1.93.
About Rio Tinto Group (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 uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
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