Rio Tinto (RIO) Getting Somewhat Positive News Coverage, Accern Reports

News headlines about Rio Tinto (NYSE:RIO) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rio Tinto earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the mining company an impact score of 44.9101434441793 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s scoring:

A number of analysts have recently commented on RIO shares. Goldman Sachs Group reissued a “neutral” rating on shares of Rio Tinto in a research note on Monday, August 14th. Royal Bank Of Canada cut shares of Rio Tinto from a “top pick” rating to an “outperform” rating in a research note on Tuesday, August 15th. Jefferies Group set a $52.00 target price on shares of Rio Tinto and gave the stock a “buy” rating in a research note on Friday, August 18th. ValuEngine cut shares of Rio Tinto from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Canaccord Genuity cut shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $51.59.

Shares of Rio Tinto (RIO) traded down $0.39 during midday trading on Thursday, reaching $47.06. 2,682,439 shares of the company traded hands, compared to its average volume of 3,255,597. Rio Tinto has a one year low of $37.66 and a one year high of $50.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.71 and a quick ratio of 1.34.

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About Rio Tinto

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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