The stock of Rio Tinto plc (ADR) (NYSE:RIO) is a huge mover today! About 1.38 million shares traded hands. Rio Tinto plc (ADR) (NYSE:RIO) has risen 9.43% since March 4, 2016 and is uptrending. It has outperformed by 1.39% the S&P500.
The move comes after 9 months positive chart setup for the $62.16B company. It was reported on Oct, 7 by Barchart.com. We have $51.13 PT which if reached, will make NYSE:RIO worth $32.32B more.
Rio Tinto plc (ADR) (NYSE:RIO) Ratings Coverage
Out of 16 analysts covering Rio Tinto (NYSE:RIO), 7 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 44% are positive. Rio Tinto has been the topic of 24 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, October 29 by Liberium. The firm earned “Neutral” rating on Tuesday, June 7 by Citigroup. The rating was initiated by Axiom Capital with “Neutral” on Friday, August 21. The firm earned “Buy” rating on Friday, October 30 by Investec. Goldman Sachs upgraded the shares of RIO in a report on Monday, June 27 to “Neutral” rating. Liberum Capital upgraded the shares of RIO in a report on Wednesday, August 5 to “Hold” rating. The rating was initiated by RBC Capital Markets on Tuesday, February 9 with “Underperform”. The company was maintained on Thursday, October 29 by Cowen & Co. The rating was downgraded by CLSA on Thursday, April 14 to “Underperform”. The rating was maintained by Cowen & Co on Tuesday, May 3 with “Market Perform”.
According to Zacks Investment Research, “Rio Tinto PLC is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon. RTZ’s various mining operations are located in New Zealand, Australia, South Africa, Europe and Canada.”
More recent Rio Tinto plc (ADR) (NYSE:RIO) news were published by: Investorplace.com which released: “Rio Tinto plc (ADR) (RIO) Stock Sinks on Iron Ore Disappointment” on July 19, 2016. Also Businessfinancenews.com published the news titled: “Rio Tinto plc (ADR) to Go Underground After Open-Pit Copper Extraction at Oyu …” on May 07, 2016. Businessfinancenews.com‘s news article titled: “Rio Tinto plc (ADR) Opens Its Any and All Notes Buyback Offer for One Week” with publication date: April 22, 2016 was also an interesting one.
RIO Company Profile
Rio Tinto plc, incorporated on March 30, 1962, is a mining company. The Firm focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s divisions include aluminum, copper & coal, diamonds & minerals, iron ore and Other Operations.
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