How Analysts Feel About Rio Tinto plc (RIO) After Making 52-Week High?

May 23, 2018 - By Ellis Scott

Rio Tinto plc (NYSE:RIO) Logo

The stock of Rio Tinto plc (NYSE:RIO) hit a new 52-week high and has $60.13 target or 4.00 % above today’s $57.82 share price. The 9 months bullish chart indicates low risk for the $100.14 billion company. The 1-year high was reported on May, 23 by If the $60.13 price target is reached, the company will be worth $4.01B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.94% or $1.145 during the last trading session, reaching $57.815. About 2.32 million shares traded. Rio Tinto plc (NYSE:RIO) has risen 26.00% since May 23, 2017 and is uptrending. It has outperformed by 14.45% the S&P500.

Rio Tinto plc (NYSE:RIO) Ratings Coverage

Among 7 analysts covering Rio Tinto Plc (NYSE:RIO), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Rio Tinto Plc had 9 analyst reports since January 18, 2018 according to SRatingsIntel. HSBC upgraded the stock to “Buy” rating in Wednesday, April 18 report. Barclays Capital downgraded Rio Tinto plc (NYSE:RIO) on Friday, May 4 to “Equal-Weight” rating. The stock of Rio Tinto plc (NYSE:RIO) earned “Buy” rating by Jefferies on Thursday, February 15. The rating was maintained by Cowen & Co on Thursday, January 18 with “Hold”. HSBC downgraded Rio Tinto plc (NYSE:RIO) on Wednesday, May 23 to “Hold” rating. Jefferies maintained Rio Tinto plc (NYSE:RIO) rating on Monday, April 9. Jefferies has “Buy” rating and $6800 target. The stock of Rio Tinto plc (NYSE:RIO) has “Hold” rating given on Friday, April 6 by BNP Paribas.

More notable recent Rio Tinto plc (NYSE:RIO) news were published by: which released: “BHP, Rio Tinto run higher as iron ore prices rise” on May 14, 2018, also with their article: “Top Analyst Upgrades and Downgrades: Celgene, Cypress Semi, Intuit, KemPharm, Oasis Petroleum, Rio Tinto, Shake …” published on May 23, 2018, published: “Australia widens legal action against Rio Tinto” on May 01, 2018. More interesting news about Rio Tinto plc (NYSE:RIO) were released by: and their article: “Rio Tinto warns Mongolia to honor copper mine contracts” published on May 22, 2018 as well as‘s news article titled: “UPDATE: Rio (RIO) is Said Ready to Accept $3.5B Deal to Exit Grasberg – Bloomberg” with publication date: May 22, 2018.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of $100.14 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 11.87 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Rio Tinto plc (NYSE:RIO) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: