Rio Tinto (LON:RIO) Earns News Impact Rating of 2.70

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 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).

Shares of LON:RIO traded up GBX 5 ($0.07) on Wednesday, hitting GBX 4,179.50 ($54.61). The company had a trading volume of 1,983,192 shares, compared to its average volume of 4,860,000. The company has a current ratio of 1.52, a quick ratio of 1.17 and a debt-to-equity ratio of 31.97. Rio Tinto has a 52-week low of GBX 3,489 ($45.59) and a 52-week high of GBX 5,039 ($65.84). The business has a 50 day moving average of GBX 4,145.59 and a 200 day moving average of GBX 4,374.36. The company has a market cap of $52.65 billion and a PE ratio of 5.24.

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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