Economy

Analyst at Macquarie Reconfirmed Rio Tinto (LON:RIO)Stock Rating as a '"Buy"'

Royal Bank Of Canada now has $48.37 price objective on the mining company's stock, up from their prior price objective of $47.87.

A number of other research analysts have also weighed in on the company. Deutsche Bank AG restated a buy rating on shares of Rio Tinto PLC in a report on Thursday, August 18th. The firm has "Outperform" rating given on Monday, November 2 by Bernstein. Goldman Sachs Group, Inc. Rio Tinto PLC has an average rating of "Buy" and a consensus target price of $50.07. Canaccord Genuity lowered shares of Rio Tinto PLC from a buy rating to a hold rating in a report on Tuesday, September 26th. Deutsche Bank maintained it with "Buy" rating and GBX 4500 target in Wednesday, October 18 report. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Credit Suisse maintained Rio Tinto plc (LON:RIO) rating on Monday, September 19. Russell Investments Group Ltd. now owns 487,383 shares of the mining company's stock valued at $20,618,000 after buying an additional 443,761 shares during the period.

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Rio Tinto PLC (:RIO) who purchased shares between October 23, 2012 and February 15, 2013. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31.

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WARNING: "Rio Tinto plc (RIO) Lowered to "Sector Perform" at Royal Bank Of Canada" was published by StockNewsTimes and is owned by of StockNewsTimes. Jennison Associates LLC lifted its stake in Rio Tinto PLC by 53.4% in the second quarter. Geode Capital Management LLC raised its holdings in Rio Tinto PLC by 13.8% in the 1st quarter. Todd Asset Management LLC now owns 1,120,708 shares of the mining company's stock valued at $47,417,000 after purchasing an additional 29,807 shares during the period. Dimensional Fund Advisors LP lifted its stake in Rio Tinto PLC by 34.8% in the second quarter. Finally, Kempner Capital Management Inc. boosted its position in shares of Rio Tinto PLC by 1.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 4,442 shares of the mining company's stock valued at $139,000 after buying an additional 100 shares during the last quarter.

In 2011, Rio Tinto acquired certain Riversdale Mining Limited coal assets in Mozambique that became known as Rio Tinto Coal Mozambique ("RTCM"). Boston Advisors LLC now owns 8,530 shares of the mining company's stock valued at $285,000 after buying an additional 40 shares during the last quarter.



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