Is Rio Tinto plc (ADR) a Buy? The Stock Had Bullish Options Activity Today

 Is Rio Tinto plc (ADR) a Buy? The Stock Had Bullish Options Activity Today

In today’s session Rio Tinto plc (ADR) (RIO) registered an unusually high (702) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious RIO increase. With 702 contracts traded and 13164 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: RIO161216C00032500 closed last at: $1.65 or 25% down. About 2.06M shares traded hands. Rio Tinto plc (ADR) (NYSE:RIO) has risen 10.54% since March 14, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

Rio Tinto plc (ADR) (NYSE:RIO) Ratings Coverage

Out of 16 analysts covering Rio Tinto (NYSE:RIO), 7 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 44% are positive. Rio Tinto has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Rio Tinto plc (ADR) (NYSE:RIO) has “Sector Perform” rating given on Thursday, September 29 by IBC. As per Wednesday, October 7, the company rating was upgraded by Morgan Stanley. Liberum Capital downgraded the shares of RIO in a report on Thursday, October 29 to “Sell” rating. The rating was upgraded by Macquarie Research to “Outperform” on Friday, August 7. The company was upgraded on Friday, October 30 by Investec. The firm has “Neutral” rating by Axiom Capital given on Friday, August 21. The firm earned “Market Perform” rating on Tuesday, May 3 by Cowen & Co. JP Morgan upgraded Rio Tinto plc (ADR) (NYSE:RIO) on Monday, September 12 to “Overweight” rating. Liberium downgraded the stock to “Sell” rating in Thursday, October 29 report. The firm has “Market Perform” rating by Cowen & Co given on Thursday, October 29.

According to Zacks Investment Research, “Rio Tinto PLC is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon. RTZ’s various mining operations are located in New Zealand, Australia, South Africa, Europe and Canada.”

Rio Tinto plc is a mining company. The Firm focuses on finding, mining, processing and marketing the Earth’s mineral resources. The company has a market cap of $60.18 billion. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1250 P/E ratio. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.

RIO Company Profile

Rio Tinto plc, incorporated on March 30, 1962, is a mining company. The Firm focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s divisions include aluminum, copper & coal, diamonds & minerals, iron ore and Other Operations.

More important recent Rio Tinto plc (ADR) (NYSE:RIO) news were published by: Businessfinancenews.com which released: “Rio Tinto plc (ADR) to Go Underground After Open-Pit Copper Extraction at Oyu …” on May 07, 2016, also Businessfinancenews.com published article titled: “Rio Tinto plc (ADR) Opens Its Any and All Notes Buyback Offer for One Week”, Businessfinancenews.com published: “Why Did Rio Tinto Stock Dip?” on February 10, 2016. More interesting news about Rio Tinto plc (ADR) (NYSE:RIO) was released by: Fool.com and their article: “It Looks Like Rio Tinto plc Is Getting Ready to Jettison Coal” with publication date: November 07, 2015.

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