On Jun 27, 2018 RBC Capital Markets Maintains Stock Sector perform Rating on Rio Tinto (LON:RIO) and GBX 3900.00 Target.

June 27, 2018 - By Lena Young

Rio Tinto plc (LON:RIO) Corporate Logo

Reiterated Rio Tinto (LON:RIO) Rating.

After RBC Capital Markets’s GBX 3900.00 target price per share was sent to investors and clients on Tuesday, 26 June, Rio Tinto (LON:RIO) gives -4.47 % downside potential.

Rio Tinto plc (LON:RIO) Ratings Coverage

In total 12 analysts cover Rio Tinto PLC (LON:RIO). “Buy” rating has 6, “Sell” are 1, while 5 are “Hold”. (LON:RIO) has 50% bullish analysts. 43 are the (LON:RIO)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, February 13 the stock of Rio Tinto plc (LON:RIO) has “Buy” rating given by Deutsche Bank. On Monday, June 11 Deutsche Bank downgraded the shares of RIO in report to “Hold” rating. On Thursday, February 8 the firm earned “Hold” rating by HSBC. On Tuesday, June 12 the rating was maintained by RBC Capital Markets with “Sector Perform”. In Wednesday, January 10 report Citigroup maintained the stock with “Buy” rating. The stock rating was maintained by Credit Suisse with “Outperform” on Tuesday, February 27. On Tuesday, June 19 the rating was maintained by Citigroup with “Buy”. In Wednesday, June 13 report JP Morgan maintained the stock with “Neutral” rating. The stock rating was maintained by Goldman Sachs with “Neutral” on Wednesday, March 14. On Wednesday, June 27 the stock of Rio Tinto plc (LON:RIO) has “Outperform” rating given by Credit Suisse.

RIO hit GBX 4086.5 during the last trading session after GBX 19.5 change.Rio Tinto plc has volume of 935,276 shares. Since June 27, 2017 RIO has 0.00% and is . RIO underperformed by 12.57% the S&P 500.

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide.The firm is worth 70.58 billion GBP. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals , iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.The P/E ratio is 8.39. The firm was founded in 1873 and is headquartered in London, the United Kingdom.

Another two news for Rio Tinto plc (LON:RIO) were briefly announced by: Hellenicshippingnews.com on June 11, 2018 with title “Deutsche Bank cuts Rio Tinto to ‘hold’ from ‘buy’, thinks medium-term iron ore demand risks will limit re-rating”. The other Mining.com‘s article was titled “Rio Tinto signs JV exploration deal with China’s Minmetals” and announced on June 07, 2018.

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