A number of other research firms also recently issued reports on RIO. BMO Capital Markets restated a buy rating on shares of Rio Tinto in a research report on Tuesday, October 16th. ValuEngine downgraded shares of Rio Tinto from a hold rating to a sell rating in a research report on Monday, October 8th. Deutsche Bank restated a neutral rating on shares of Rio Tinto in a research report on Monday, July 16th. Zacks Investment Research downgraded shares of Rio Tinto from a hold rating to a strong sell rating in a research report on Tuesday, August 7th. Finally, Investec downgraded shares of Rio Tinto from a buy rating to a hold rating in a research report on Wednesday, September 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $58.80.
NYSE:RIO traded down $0.12 during mid-day trading on Wednesday, reaching $52.09. 215,570 shares of the company were exchanged, compared to its average volume of 2,846,016. Rio Tinto has a 12 month low of $45.62 and a 12 month high of $60.72. The company has a quick ratio of 1.41, a current ratio of 1.77 and a debt-to-equity ratio of 0.27. The firm has a market cap of $68.12 billion, a P/E ratio of 10.88 and a beta of 1.01.
Rio Tinto Company Profile
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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