Rio Tinto plc (LON:RIO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $4,088.63. Rio Tinto shares last traded at $4,009.50, with a volume of 2,599,420 shares.
Several brokerages recently commented on RIO. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Rio Tinto in a research note on Friday, August 2nd. Liberum Capital reaffirmed a “buy” rating on shares of Rio Tinto in a research note on Thursday, August 1st. UBS Group reaffirmed a “neutral” rating and issued a GBX 4,500 ($58.80) target price (down from GBX 4,700 ($61.41)) on shares of Rio Tinto in a research note on Wednesday, July 31st. Deutsche Bank set a GBX 5,100 ($66.64) target price on shares of Rio Tinto and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Societe Generale raised shares of Rio Tinto to a “hold” rating in a research note on Thursday, May 23rd. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 4,512.05 ($58.96).
The company has a debt-to-equity ratio of 31.97, a quick ratio of 1.17 and a current ratio of 1.52. The stock’s 50-day simple moving average is GBX 4,510.14 and its 200-day simple moving average is GBX 4,506.95. The firm has a market capitalization of $50.43 billion and a PE ratio of 5.00.
In other Rio Tinto news, insider Jean-Sébastien Jacques sold 7 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of GBX 4,808 ($62.83), for a total transaction of £336.56 ($439.78). Over the last three months, insiders have sold 4,025 shares of company stock worth $18,156,922.
Rio Tinto Company Profile (LON:RIO)
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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