Some Traders See Unusual Bullish Options Activity in Rio Tinto plc (ADR)

 Some Traders See Unusual Bullish Options Activity in Rio Tinto plc (ADR)

In today’s session Rio Tinto plc (ADR) (RIO) registered an unusually high (16,742) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious RIO increase. With 16,742 contracts traded and 24854 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: RIO170120C00037500 closed last at: $2.85 or 111.1% up. About 1.43M shares traded hands. Rio Tinto plc (ADR) (NYSE:RIO) has risen 35.95% since April 11, 2016 and is uptrending. It has outperformed by 29.81% the S&P500.

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

Out of 17 analysts covering Rio Tinto (NYSE:RIO), 8 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 47% are positive. $55 is the highest target while $14 is the lowest. The $37 average target is -3.82% below today’s ($38.47) stock price. Rio Tinto has been the topic of 27 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, June 28. The company was upgraded on Thursday, September 8 by RBC Capital Markets. The stock of Rio Tinto plc (ADR) (NYSE:RIO) earned “Sell” rating by Axiom Capital on Thursday, March 31. The rating was downgraded by Citigroup to “Sell” on Wednesday, October 12. Goldman Sachs upgraded the stock to “Neutral” rating in Monday, June 27 report. The company was maintained on Tuesday, May 3 by Cowen & Co. The rating was maintained by Jefferies on Tuesday, August 23 with “Hold”. The stock of Rio Tinto plc (ADR) (NYSE:RIO) has “Buy” rating given on Friday, October 2 by Societe Generale. The firm has “Neutral” rating by Citigroup given on Tuesday, June 7. Cowen & Co maintained the stock with “Market Perform” rating in Wednesday, January 27 report.

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 $72.93 billion. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1509.81 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 news for Rio Tinto plc (ADR) (NYSE:RIO) were recently published by: Businessfinancenews.com, which released: “Rio Tinto plc (ADR) to Go Underground After Open-Pit Copper Extraction at Oyu …” on May 07, 2016. Businessfinancenews.com‘s article titled: “Rio Tinto plc (ADR) Opens Its Any and All Notes Buyback Offer for One Week” and published on April 22, 2016 is yet another important article.

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