How Analysts Feel About Rio Tinto plc (NYSE:RIO)?

October 13, 2018 - By Richard Conner

Rio Tinto plc (NYSE:RIO) Logo

Rio Tinto plc (NYSE:RIO) Ratings Coverage

Among 4 analysts covering Rio Tinto Plc Common Stock (NYSE:RIO), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Rio Tinto Plc Common Stock had 6 analyst reports since April 18, 2018 according to SRatingsIntel. The firm has “Hold” rating by HSBC given on Wednesday, May 23. The rating was upgraded by Goldman Sachs on Tuesday, October 9 to “Buy”. As per Friday, May 4, the company rating was downgraded by Barclays Capital. The company was upgraded on Wednesday, April 18 by HSBC. The firm has “Overweight” rating given on Monday, September 10 by JP Morgan. HSBC upgraded the stock to “Buy” rating in Thursday, June 21 report. Below is a list of Rio Tinto plc (NYSE:RIO) latest ratings and price target changes.

09/10/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
10/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
21/06/2018 Broker: HSBC Rating: Buy Upgrade
23/05/2018 Broker: HSBC Rating: Hold Downgrade
04/05/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Downgrade
18/04/2018 Broker: HSBC Old Rating: Hold New Rating: Buy Upgrade

The stock increased 0.53% or $0.26 during the last trading session, reaching $49.19. About 2.66M shares traded. Rio Tinto plc (NYSE:RIO) has declined 5.18% since October 13, 2017 and is downtrending. It has underperformed by 20.80% the S&P500.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of $82.83 billion. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 8.86 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Another recent and important Rio Tinto plc (NYSE:RIO) news was published by Livetradingnews.com which published an article titled: “Rio Tinto (NYSE:RIO) Reveals Largest Fancy Purplish Red Diamond in New York” on October 08, 2018.

Rio Tinto plc (NYSE:RIO) Ratings Chart

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