Rio Tinto plc (LON:RIO) Receives Consensus Rating of “Hold” from Analysts

Shares of Rio Tinto plc (LON:RIO) have been given an average rating of “Hold” by the sixteen analysts that are presently covering the stock, reports. Four research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 4,620.83 ($56.86).

A number of research analysts recently issued reports on the company. Bank of America upgraded Rio Tinto to a “buy” rating and set a GBX 5,700 ($70.15) price objective for the company in a report on Friday, May 29th. Barclays reiterated an “underweight” rating on shares of Rio Tinto in a report on Monday, May 11th. Societe Generale increased their price objective on Rio Tinto from GBX 4,100 ($50.46) to GBX 4,240 ($52.18) and gave the stock a “buy” rating in a report on Thursday, April 23rd. UBS Group reiterated a “neutral” rating and set a GBX 4,400 ($54.15) price objective (up from GBX 4,100 ($50.46)) on shares of Rio Tinto in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. set a GBX 5,140 ($63.25) price objective on Rio Tinto and gave the stock a “neutral” rating in a report on Wednesday, June 17th.

In related news, insider Jean-Sébastien Jacques purchased 32,364 shares of Rio Tinto stock in a transaction that occurred on Tuesday, April 21st. The stock was purchased at an average cost of GBX 3,689 ($45.40) per share, with a total value of £1,193,907.96 ($1,469,244.35).

Shares of Rio Tinto stock traded up GBX 4.50 ($0.06) during trading hours on Tuesday, hitting GBX 4,538 ($55.85). The company’s stock had a trading volume of 1,934,512 shares, compared to its average volume of 4,860,000. The company has a debt-to-equity ratio of 31.20, a current ratio of 1.56 and a quick ratio of 1.22. The company has a market capitalization of $56.57 billion and a PE ratio of 9.30. Rio Tinto has a 12 month low of GBX 2,954 ($36.35) and a 12 month high of GBX 5,152 ($63.40). The stock has a 50 day moving average of GBX 4,335.66 and a 200 day moving average of GBX 4,092.02.

Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

Further Reading: Asset Allocation Models, Which is Right For You?

Analyst Recommendations for Rio Tinto (LON:RIO)

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