Stock of the Day: Could Rio Tinto plc (ADR) Change Direction After Today’s Significant Decline?

Stock of the Day: Could Rio Tinto plc (ADR) Change Direction After Today's Significant Decline?

The stock of Rio Tinto plc (ADR) (NYSE:RIO) is a huge mover today! The stock decreased 3.83% or $1.52 on November 15, hitting $38.13. About 4.67 million shares traded hands or 18.83% up from the average. Rio Tinto plc (ADR) (NYSE:RIO) has risen 24.37% since April 13, 2016 and is uptrending. It has outperformed by 20.45% the S&P500.
The move comes after 9 months negative chart setup for the $71.73B company. It was reported on Nov, 15 by Barchart.com. We have $34.70 PT which if reached, will make NYSE:RIO worth $6.46 billion less.

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. Rio Tinto has been the topic of 27 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by HSBC on Thursday, November 10. The company was downgraded on Thursday, April 14 by CLSA. JP Morgan upgraded the stock to “Overweight” rating in Monday, September 12 report. As per Thursday, October 29, the company rating was downgraded by Liberum Capital. As per Monday, June 27, the company rating was upgraded by Goldman Sachs. Jefferies maintained it with “Hold” rating and $38 target price in Tuesday, August 23 report. As per Monday, April 18, the company rating was downgraded by Citigroup. The company was upgraded on Friday, October 30 by Investec. The firm earned “Buy” rating on Wednesday, March 30 by Argus Research. The company was upgraded on Wednesday, October 7 by Morgan Stanley.

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.”

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.

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.

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