Rio Tinto Group (LON:RIO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Rio Tinto Group (LON:RIO) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 6,038.10 and traded as high as GBX 7,184. Rio Tinto Group shares last traded at GBX 7,119, with a volume of 2,746,684 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RIO. Royal Bank Of Canada raised their price objective on Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the company a “sector perform” rating in a research note on Thursday, January 22nd. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 5,300 price objective on shares of Rio Tinto Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 5,830.

Rio Tinto Group Stock Up 4.2%

The stock has a market capitalization of £120.58 billion, a PE ratio of 12.19, a P/E/G ratio of -0.64 and a beta of 0.64. The firm has a 50 day moving average of GBX 6,933.93 and a two-hundred day moving average of GBX 6,038.10. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51.

Rio Tinto Group Company Profile

We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.

We have more than 150 years of mining and processing experience guiding our work.