Rio Tinto (NYSE: RIO)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Tuesday, Stock Ratings Network.com reports.
Shares of Rio Tinto (NYSE: RIO) traded down 2.07% during mid-day trading on Tuesday, hitting $40.69. Rio Tinto has a one year low of $39.75 and a one year high of $60.45. The stock’s 50-day moving average is currently $43.21. The company’s market cap is $75.181 billion.
A number of other analysts have also recently weighed in on RIO. Analysts at Citigrooup reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Thursday, June 27th. Separately, analysts at Zacks downgraded shares of Rio Tinto from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, June 26th. They now have a $38.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Rio Tinto in a research note to investors on Wednesday, June 19th.
Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $45.39.
Rio Tinto Plc (NYSE: RIO) is an international business involved in each stage of metal and mineral production.