Espirito Santo Investment Bank Research upgraded shares of Rio Tinto (NYSE:RIO) from a neutral rating to a buy rating in a report issued on Thursday, AnalystRatingsNetwork.com reports.
A number of other analysts have also recently weighed in on RIO. Analysts at Liberum Capital reiterated a buy rating on shares of Rio Tinto in a research note to investors on Monday, July 29th. Separately, analysts at Credit Suisse reiterated an outperform rating on shares of Rio Tinto in a research note to investors on Friday, July 26th. Finally, analysts at Jefferies Group reiterated a buy rating on shares of Rio Tinto in a research note to investors on Wednesday, July 24th.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $51.59.
Rio Tinto (NYSE:RIO) opened at 46.20 on Thursday. Rio Tinto has a 52-week low of $39.14 and a 52-week high of $60.45. The stock’s 50-day moving average is currently $43.04. The company’s market cap is $85.361 billion.
Rio Tinto Plc (NYSE:RIO) is an international business involved in each stage of metal and mineral production.
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