Rio Tinto (NYSE:RIO) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued on Thursday.
RIO has been the subject of several other research reports. ValuEngine lowered shares of Rio Tinto from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup restated a “buy” rating on shares of Rio Tinto in a research report on Tuesday, December 5th. Royal Bank of Canada lowered shares of Rio Tinto from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $47.87 to $48.37 in a research report on Monday, October 23rd. Cowen set a $47.00 price target on shares of Rio Tinto and gave the stock a “hold” rating in a research report on Monday, October 16th. Finally, Zacks Investment Research lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $51.59.
Rio Tinto (NYSE:RIO) opened at $49.12 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.71. Rio Tinto has a 12-month low of $37.66 and a 12-month high of $50.77.
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Rio Tinto Company Profile
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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