Rio Tinto (LON:RIO) has received an average rating of “Buy” from the twenty analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 4,173.61 ($56.61).
A number of analysts have weighed in on the stock. BNP Paribas reissued a “neutral” rating on shares of Rio Tinto in a research report on Thursday. Goldman Sachs set a GBX 3,750 ($50.87) target price on shares of Rio Tinto and gave the company a “neutral” rating in a research report on Monday, May 7th. Barclays downgraded shares of Rio Tinto from an “overweight” rating to an “equal weight” rating and set a GBX 4,400 ($59.69) target price for the company. in a research report on Friday, May 4th. Credit Suisse Group set a GBX 4,300 ($58.33) target price on shares of Rio Tinto and gave the company a “buy” rating in a research report on Tuesday, May 1st. Finally, UBS set a GBX 4,000 ($54.26) target price on shares of Rio Tinto and gave the company a “buy” rating in a research report on Thursday, April 19th.
In other news, insider Simon Henry bought 500 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The shares were bought at an average cost of GBX 3,713 ($50.37) per share, for a total transaction of £18,565 ($25,183.13). Also, insider Christopher Lynch sold 9,505 shares of the stock in a transaction on Monday, February 19th. The stock was sold at an average price of GBX 4,072 ($55.24), for a total value of £387,043.60 ($525,018.45).
Rio Tinto stock opened at GBX 4,340 ($58.87) on Thursday. Rio Tinto has a 1 year low of GBX 2,882.50 ($39.10) and a 1 year high of GBX 4,226.56 ($57.33).
About Rio Tinto
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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