News stories about Rio Tinto (NYSE:RIO) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rio Tinto earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the mining company an impact score of 45.5020456785146 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
Rio Tinto (NYSE:RIO) opened at $57.67 on Friday. Rio Tinto has a fifty-two week low of $37.66 and a fifty-two week high of $57.78. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $102,000.00, a price-to-earnings ratio of 16.81 and a beta of 1.01.
A number of research firms have issued reports on RIO. Zacks Investment Research lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Societe Generale raised shares of Rio Tinto from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Citigroup cut shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Cowen set a $47.00 price objective on shares of Rio Tinto and gave the stock a “hold” rating in a research note on Monday, October 16th. Finally, Clarkson Capital cut shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $51.59.
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Rio Tinto 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.
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