Rio Tinto plc (ADR) Draws Bearish Options Activity Today

 Rio Tinto plc (ADR) Draws Bearish Options Activity Today

In today’s session Rio Tinto plc (ADR) (RIO) recorded an unusually high (309) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious RIO decrease. With 309 contracts traded and 27354 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: RIO170120P00030000 closed last at: $0.75 or 6.3% down. About 1.04 million shares traded hands. Rio Tinto plc (ADR) (NYSE:RIO) has risen 25.11% since March 29, 2016 and is uptrending. It has outperformed by 21.63% 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. $55 is the highest target while $14 is the lowest. The $35.83 average target is 2.49% above today’s ($34.96) stock price. Rio Tinto has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, October 2 by Societe Generale. The rating was downgraded by Citigroup to “Sell” on Monday, April 18. The rating was maintained by Jefferies on Tuesday, August 23 with “Hold”. The rating was downgraded by CLSA on Thursday, April 14 to “Underperform”. The stock has “Buy” rating given by Argus Research on Wednesday, March 30. The stock of Rio Tinto plc (ADR) (NYSE:RIO) has “Outperform” rating given on Friday, August 7 by Macquarie Research. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, May 3. Citigroup upgraded Rio Tinto plc (ADR) (NYSE:RIO) on Tuesday, June 7 to “Neutral” rating. The stock has “Neutral” rating given by Goldman Sachs on Monday, June 27. As per Thursday, March 31, the company rating was downgraded by Axiom Capital.

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 $66.00 billion. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1372.06 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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