The stock of Rio Tinto plc (LON:RIO) is a huge mover today! The stock increased 0.29% or GBX 8.23 on November 8, hitting GBX 2833.23. About 4.00 million shares traded hands. Rio Tinto plc (LON:RIO) has risen 42.14% since April 8, 2016 and is uptrending. It has outperformed by 40.18% the S&P500.
The move comes after 6 months positive chart setup for the GBX 53.01 billion company. It was reported on Nov, 8 by Barchart.com. We have GBX 3768.20 PT which if reached, will make LON:RIO worth GBX 17.49B more.
Rio Tinto plc (LON:RIO) Ratings Coverage
Out of 29 analysts covering Rio Tinto PLC (LON:RIO), 18 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 62% are positive. Rio Tinto PLC has been the topic of 352 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Friday, September 25, the company rating was maintained by Liberum Capital. The stock has “Buy” rating given by Deutsche Bank on Thursday, October 20. The stock of Rio Tinto plc (LON:RIO) earned “Buy” rating by Deutsche Bank on Wednesday, July 20. The rating was maintained by Bernstein with “Outperform” on Thursday, February 18. As per Friday, May 27, the company rating was maintained by Credit Suisse. The company was downgraded on Wednesday, April 20 by Beaufort Securities. JP Morgan maintained the stock with “Overweight” rating in Wednesday, April 20 report. The stock of Rio Tinto plc (LON:RIO) has “Buy” rating given on Friday, July 31 by Citigroup. The stock of Rio Tinto plc (LON:RIO) earned “Buy” rating by Deutsche Bank on Monday, October 5. The stock has “Buy” rating given by Haitong Securities on Monday, January 11.
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 53.01 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1367.39 P/E ratio. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.
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