Economy

Rio Tinto Plc (NYSE:RIO) Under Analyst Spotlight

Rio Tinto Plc (NYSE:RIO) Under Analyst Spotlight”

Royal Bank Of Canada raised shares of Rio Tinto PLC from an "outperform" rating to a "top pick" rating in a research report on Wednesday, May 17th.

A number of other brokerages also recently commented on RIO. Rio Tinto had 41 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets initiated Rio Tinto plc (ADR) (NYSE:RIO) rating on Tuesday, February 9. Luminus Management Llc acquired 641,004 shares as Rio Tinto Plc (RIO)'s stock declined 9.05%. Three equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, one equity analyst rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $34.15. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. $136.60's average target is -14.48% below currents $159.72 stock price.

Company shares last traded at $49.15 a tad higher than the 50 day moving average which is $46.43 and impressively higher than the 200 day moving average of $42.35. Hudock Capital Group LLC now owns 2,795 shares of the mining company's stock worth $118,000 after buying an additional 1,555 shares during the last quarter.

Td Asset Management Inc increased its stake in Rio Tinto Plc (RIO) by 7057.23% based on its latest 2016Q4 regulatory filing with the SEC.

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Rio Tinto plc, launched on March 30, 1962, is a mining and metals company.

Additionally, here are a few investment firms who have increased or decreased their stake in (RIO).

Luminus Management Llc decreased Cliffs Nat Res Inc (NYSE:CLF) stake by 364,784 shares to 1.14M valued at $9.55M in 2016Q4.

In other news, insider W Sam H. Laidlaw purchased 7,500 shares of Rio Tinto plc stock in a transaction that occurred on Monday, August 14th. The Parsec Financial Management Inc holds 338,505 shares with $13.02 million value, down from 347,808 last quarter. As of the end of the quarter Next Financial Group, Inc had acquired a total of 437 shares growing its position 3.8%. The stock has "Neutral" rating by Goldman Sachs on Thursday, April 21. The Manufacturers Life Insurance Company increased its stake in shares of Rio Tinto PLC by 212.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company's stock valued at $135,000 after buying an additional 2,166 shares during the period. The company reported $2.19 earnings per share for the quarter, missing analysts' consensus estimates of $2.40 by $0.21. Institutional investors own 6.88% of the company's stock.

Rio Tinto plc is a mining company. The Business's business is finding, mining and processing mineral resources. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore.



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