Several other equities analysts also recently commented on the stock. Liberum Capital downgraded shares of Rio Tinto Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. The Goldman Sachs Group raised shares of Rio Tinto Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 11th. Barclays cut shares of Rio Tinto Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, April 26th. Jefferies Financial Group increased their price target on shares of Rio Tinto Group from $65.00 to $70.00 in a report on Thursday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Rio Tinto Group from GBX 5,900 ($72.74) to GBX 6,100 ($75.21) in a research report on Tuesday, April 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2,545.77.
Shares of RIO stock traded down $1.00 during trading on Thursday, hitting $64.42. 4,943,772 shares of the stock traded hands, compared to its average volume of 4,637,907. The company has a quick ratio of 1.50, a current ratio of 1.93 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $75.46 and its 200-day moving average price is $71.48. Rio Tinto Group has a 52-week low of $59.58 and a 52-week high of $91.49.
About Rio Tinto Group (Get Rating)
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
- Get a free copy of the StockNews.com research report on Rio Tinto Group (RIO)
- Carvana Insiders Buy Shares But Maybe You Shouldn’t
- Dutch Bros Gets Scalded By Inflation
- The S&P 500 Could Fall Another 28%
- Corning Stock is a Technology Value Play
- Anheuser-Busch InBev May Need One More Quarter to Confirm a Buy Signal
Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.