Rio Tinto PLC (RIO) Getting Somewhat Favorable News Coverage, Report Shows

Headlines about Rio Tinto PLC (NYSE:RIO) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rio Tinto PLC earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the mining company an impact score of 43.7844037354279 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern’s rankings:

A number of research analysts have weighed in on the company. Societe Generale upgraded Rio Tinto PLC from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Cowen and Company set a $47.00 price target on Rio Tinto PLC and gave the stock a “hold” rating in a research note on Monday, October 16th. Citigroup Inc. downgraded Rio Tinto PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Clarkson Capital downgraded Rio Tinto PLC from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, ValuEngine downgraded Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $50.07.

Shares of Rio Tinto PLC (RIO) traded down $0.04 during mid-day trading on Monday, reaching $47.59. The company’s stock had a trading volume of 1,933,000 shares, compared to its average volume of 3,317,361. Rio Tinto PLC has a 1-year low of $36.25 and a 1-year high of $50.77. The company has a quick ratio of 1.34, a current ratio of 1.71 and a debt-to-equity ratio of 0.31.

COPYRIGHT VIOLATION NOTICE: “Rio Tinto PLC (RIO) Getting Somewhat Favorable News Coverage, Report Shows” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/11/20/rio-tinto-plc-rio-getting-somewhat-favorable-news-coverage-report-shows.html.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Insider Buying and Selling by Quarter for Rio Tinto PLC (NYSE:RIO)

Receive News & Ratings for Rio Tinto PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply