ValuEngine Upgrades Rio Tinto plc (RIO) to Strong-Buy

SASAC Rio Tinto
Shenhua Group chairman Zhang Yuzhuo meeting workers
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10 June, 2017

Neuberger Berman Group LLC bought a new position in shares of Rio Tinto plc (NYSE:RIO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Macquarie Research downgraded the stock to "Neutral" rating in Tuesday, March 15 report.

Rio Tinto plc (NYSE:RIO) opened at 42.11 on Friday.

A number of large investors have recently added to or reduced their stakes in RIO. CWA Asset Management Group LLC boosted its stake in shares of Rio Tinto plc by 0.3% in the fourth quarter. Bank of America Corp DE raised its stake in shares of Rio Tinto plc by 27.8% in the first quarter. Huntington National Bank now owns 3,707 shares of the mining company's stock worth $151,000 after buying an additional 2,319 shares during the period. Luminus Management LLC purchased a new stake in shares of Rio Tinto plc during the fourth quarter valued at $138,568,000. The analysts estimated EPS for the higher end at 5.41 and lower end at 3.95 while the year ago reported earnings per share was 2.22. Bollard Group LLC increased its stake in Rio Tinto plc by 1.4% in the third quarter. Wetherby Asset Management Inc. now owns 18,325 shares of the mining company's stock worth $705,000 after buying an additional 144 shares during the period. Rio Tinto Plc now has $77.31B valuation.

About 70,707 shares traded. However, once a company does decide to start paying a specified amount of money to shareholders in the form of regular cash dividends, its stock usually trades with a little less price volatility in the market.

The stock's 50 day moving average is 3087.71 and its 200 day moving average is 3237.60. Rio Tinto plc has a 1-year low of GBX 1,891.00 and a 1-year high of GBX 3,718.50.

Several other research analysts also recently commented on the company. Stock investors acquired 10,372 call options on the stock. This is an increase of approximately 955% compared to the typical volume of 128 put options.

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RIO has been the topic of a number of other reports. Sanford C. Bernstein restated an "outperform" rating on shares of Rio Tinto plc in a research note on Thursday, February 9th.

Liberum Capital reiterated their sell rating on shares of Rio Tinto plc (LON:RIO) in a research note published on Wednesday, May 10th. Macquarie reaffirmed an "outperform" rating and issued a GBX 4,200 ($54.27) price objective on shares of Rio Tinto plc in a research note on Thursday, April 13th. HSBC Holdings plc reissued a "buy" rating and issued a GBX 4,000 ($51.69) price objective on shares of Rio Tinto plc in a research note on Wednesday, April 19th. On Thursday, August 4 the stock rating was maintained by JP Morgan with "Overweight". The company has an average rating of "Buy" and a consensus price target of $41.86. Rio Tinto plc (ADR) (NYSE:RIO) has risen 43.73% since June 8, 2016 and is uptrending.

Rio Tinto plc is a mining and metals company. The Company's divisions include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.


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