Other analysts have also issued reports about the stock. Liberum Capital lowered shares of Rio Tinto from a buy rating to a hold rating in a research report on Wednesday, July 24th. Barclays lowered shares of Rio Tinto from an equal weight rating to an underweight rating in a research report on Thursday, June 6th. Investec lowered shares of Rio Tinto from a buy rating to a hold rating in a research report on Wednesday, April 17th. Zacks Investment Research lowered shares of Rio Tinto from a buy rating to a hold rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets lowered shares of Rio Tinto from an outperform rating to a market perform rating in a research report on Thursday, June 27th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $59.77.
Rio Tinto stock opened at $50.01 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 1.22. Rio Tinto has a 1-year low of $44.62 and a 1-year high of $64.02. The stock has a market cap of $63.61 billion, a price-to-earnings ratio of 9.86 and a beta of 0.83. The stock has a 50-day moving average price of $58.09.
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.
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