Today’s Stock On Watch: Could Rio Tinto plc (ADR) See a Reversal After This Very Weak Session?

Today's Stock On Watch: Could Rio Tinto plc (ADR) See a Reversal After This Very Weak Session?

The stock of Rio Tinto plc (ADR) (NYSE:RIO) is a huge mover today! About 1.45M shares traded hands. Rio Tinto plc (ADR) (NYSE:RIO) has risen 14.76% since March 10, 2016 and is uptrending. It has outperformed by 7.24% the S&P500.
The move comes after 9 months negative chart setup for the $59.85 billion company. It was reported on Oct, 13 by Barchart.com. We have $28.60 PT which if reached, will make NYSE:RIO worth $5.39 billion less.

Rio Tinto plc (ADR) (NYSE:RIO) Ratings Coverage

Out of 16 analysts covering Rio Tinto (NYSE:RIO), 7 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 44% are positive. Rio Tinto has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the stock to “Overweight” rating in Monday, September 12 report. The stock has “Sell” rating given by Axiom Capital on Thursday, March 31. The firm has “Sector Perform” rating by IBC given on Thursday, September 29. Goldman Sachs upgraded the shares of RIO in a report on Monday, June 27 to “Neutral” rating. The stock has “Sell” rating given by Citigroup on Monday, April 18. The firm earned “Hold” rating on Wednesday, August 5 by Liberum Capital. The stock of Rio Tinto plc (ADR) (NYSE:RIO) has “Sell” rating given on Thursday, October 29 by Liberium. The rating was upgraded by RBC Capital Markets on Thursday, September 8 to “Outperform”. The rating was downgraded by Citigroup to “Sell” on Wednesday, October 12. Cowen & Co maintained Rio Tinto plc (ADR) (NYSE:RIO) on Wednesday, January 27 with “Market Perform” rating.

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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