Rio Tinto (RIO) Upgraded by Liberum Capital to Buy

Liberum Capital upgraded shares of Rio Tinto (LON:RIO) from a sell rating to a buy rating in a research note issued to investors on Friday, Automated Import reports.

Several other analysts have also commented on the company. Deutsche Bank reaffirmed a hold rating and set a GBX 4,250 ($55.53) target price on shares of Rio Tinto in a report on Thursday, February 28th. JPMorgan Chase & Co. set a GBX 5,300 ($69.25) target price on Rio Tinto and gave the stock a buy rating in a report on Wednesday, April 10th. Goldman Sachs Group raised Rio Tinto to a buy rating and raised their price objective for the company from GBX 4,100 ($53.57) to GBX 5,000 ($65.33) in a report on Tuesday, February 12th. Royal Bank of Canada set a GBX 3,100 ($40.51) price objective on Rio Tinto and gave the company a sell rating in a report on Friday, January 25th. Finally, Credit Suisse Group reissued a neutral rating on shares of Rio Tinto in a report on Monday, May 6th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 4,418.55 ($57.74).

Rio Tinto stock opened at GBX 4,676.50 ($61.11) on Friday. The stock has a market cap of $58.90 billion and a P/E ratio of 5.94. Rio Tinto has a 52 week low of GBX 3,460.50 ($45.22) and a 52 week high of GBX 4,790.50 ($62.60). The company has a current ratio of 1.92, a quick ratio of 1.51 and a debt-to-equity ratio of 25.60.

In other news, insider Jean-Sébastien Jacques sold 8 shares of Rio Tinto stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of GBX 4,596 ($60.05), for a total value of £367.68 ($480.44).

About Rio Tinto

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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