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.

TRADEMARK VIOLATION WARNING: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and republished in violation of United States & global copyright law.

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.

Like this


11 September 2017
Japanese PM Abe to arrive on Wednesday
Prime Minister Narendra Modi and Shinzo Abe share a comfortable relationship with each other. During Modi's last visit to Japan, Abe travelled with him to Kobe in a bullet train.

11 September 2017
Rawls is questionable for Seahawks' season opener
McKissic, S Tedric Thompson, S Delano Hill (shoulder), LB Michael Wilhoite (calf), G Jordan Roos and T Isaiah Battle. Carroll also said that defensive tackle Jarran Reed (shoulder) was ready to play on Sunday.

11 September 2017
Sociedad Quimica y Minera (SQM) Getting Somewhat Positive Media Coverage, Study Finds
The last close places the company's stock about $0.95 off its 52 week high of $50.55 and $24.85 above the 52 week low of $24.75. As of the end of the quarter Sailingstone Capital Partners LLC had sold 9,142,267 shares trimming its stake by 77.4%.

11 September 2017
European Union countries want tech giants to pay taxes wherever they create value
They insist that the issue is a question of "economic efficiency", as well as justice and sovereignty. So far, they are only paying taxes where they are physically present.

11 September 2017
Latest on Hurricane Irma: Expected impacts in Tennessee Valley
So was a portion of coastal SC from the Georgia line to Edisto Beach, about 40 miles (65 kilometers) southwest of Charleston. While we will have an impact here, it will be much less than what south Florida sees.

11 September 2017
Macquarie Continues To Expect FY18 Result Broadly In Line With Prior Year
Chairman Peter Warne in July said the federal government's bank levy will have an estimated pre-tax annual cost of $66 million. In the year through March, Macquarie recorded a 7.5% rise in profit to 2.22 billion Australian dollars (US$1.79 billion).

11 September 2017
United States softens NKorea resolution ahead of UN vote
He and Mrs May also agreed to continue to work on "increasing diplomatic and economic pressure on North Korea". That appears to be the case according to a release by the official Korean Central News Agency (KCNA).

11 September 2017
Parents sue because child wears dress to school
" A child aged six would sometimes come to school as a girl or sometimes come to school as a boy ". Sally said her son became " quite ill and stressed " over the situation.

11 September 2017
Bayonetta and Vanquish Could Be Coming to Xbox One This November
I look forward to an official confirmation of the bundle, which you'd think would be made pretty soon if it is real. Shenmue 3 is in development at the moment and fans can't wait to grab their hands on it.

11 September 2017
Australians warned as North Korea threat looms
Pyongyang imports almost all of its oil and gas from China, and without it, experts say the economy would quickly be strangled. China could definitely crack down on North Korea's trouble-making leader Kim Jong-un, economically at least, which U.S.