Critical Media Coverage Extremely Likely to Impact Rio Tinto (LON:RIO) Share Price

Media coverage about Rio Tinto (LON:RIO) has trended negative this week, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Rio Tinto earned a news impact score of -2.75 on their scale. InfoTrie also gave news headlines about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Rio Tinto’s ranking:

Several analysts recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Rio Tinto from GBX 5,200 ($63.99) to GBX 5,400 ($66.45) and gave the company a “buy” rating in a research report on Monday. Credit Suisse Group upped their price target on Rio Tinto from GBX 3,700 ($45.53) to GBX 3,900 ($47.99) and gave the stock an “underperform” rating in a research report on Monday. Royal Bank of Canada raised shares of Rio Tinto from an “underperform” rating to a “sector performer” rating and increased their target price for the stock from GBX 3,600 ($44.30) to GBX 4,200 ($51.69) in a report on Wednesday. Barclays boosted their price target on Rio Tinto from GBX 3,200 ($39.38) to GBX 3,600 ($44.30) and gave the company an “underweight” rating in a report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 4,400 ($54.15) price target (up from GBX 4,100 ($50.46)) on shares of Rio Tinto in a research report on Thursday, June 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 4,503.33 ($55.42).

Rio Tinto stock remained flat at $GBX 4,612 ($56.76) during trading on Friday. 1,946,968 shares of the company were exchanged, compared to its average volume of 4,860,000. The stock has a market capitalization of $57.50 billion and a price-to-earnings ratio of 9.45. The business’s 50-day moving average price is GBX 4,460.72 and its 200 day moving average price is GBX 4,099. Rio Tinto has a 52-week low of GBX 2,954 ($36.35) and a 52-week high of GBX 5,152 ($63.40). The company has a quick ratio of 1.22, a current ratio of 1.56 and a debt-to-equity ratio of 31.20.

In other Rio Tinto news, insider Jean-Sébastien Jacques sold 13,324 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of GBX 4,372 ($53.80), for a total value of £582,525.28 ($716,865.96).

About Rio Tinto

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.

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