Press coverage about Rio Tinto (LON:RIO) has been trending positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Rio Tinto earned a news impact score of 2.70 on their scale. InfoTrie also assigned media headlines about the company an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Here are some of the headlines that may have effected Rio Tinto’s ranking:
- Rio Tinto plc (LON:RIO) Insider Sells 12,347 Shares of Stock (americanbankingnews.com)
- Rio Tinto halts South African operations amid rising violence (seekingalpha.com)
- Rio Tinto tips $US1.5b into US copper mine (nz.finance.yahoo.com)
- Rio Tinto plowing $1.5B into Utah, extending thousands of jobs (foxbusiness.com)
- Rio Tinto (LON:RIO) Rating Reiterated by Goldman Sachs Group (americanbankingnews.com)
RIO has been the topic of several research reports. Deutsche Bank reissued a “hold” rating on shares of Rio Tinto in a report on Wednesday, November 27th. Bank of America reissued an “underperform” rating on shares of Rio Tinto in a report on Tuesday, October 8th. Barclays reissued an “underweight” rating on shares of Rio Tinto in a report on Wednesday, November 27th. Independent Research lowered their target price on Rio Tinto from GBX 4,500 ($58.80) to GBX 4,300 ($56.19) and set a “hold” rating on the stock in a report on Monday, October 21st. Finally, DZ Bank raised Rio Tinto to a “buy” rating and upped their target price for the company from GBX 4,500 ($58.80) to GBX 5,100 ($66.64) in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 4,410.80 ($57.63).
In other news, insider Jean-Sébastien Jacques sold 7 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of GBX 4,007 ($52.36), for a total value of £280.49 ($366.51).
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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