Goldman Sachs Group set a GBX 3,800 ($50.99) price target on Rio Tinto (LON:RIO) in a research note published on Wednesday. The firm currently has a neutral rating on the stock.
Several other analysts also recently commented on the stock. Credit Suisse Group reaffirmed an outperform rating and set a GBX 4,300 ($57.69) target price on shares of Rio Tinto in a report on Tuesday, February 27th. Macquarie set a GBX 4,900 ($65.75) target price on shares of Rio Tinto and gave the stock a buy rating in a report on Wednesday, January 24th. Morgan Stanley set a GBX 3,900 ($52.33) target price on shares of Rio Tinto and gave the stock a neutral rating in a report on Thursday, February 15th. Liberum Capital reaffirmed a sell rating and set a GBX 2,750 ($36.90) target price on shares of Rio Tinto in a report on Monday, April 9th. Finally, Royal Bank of Canada set a GBX 4,200 ($56.35) target price on shares of Rio Tinto and gave the stock a neutral rating in a report on Monday, March 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Rio Tinto has a consensus rating of Buy and a consensus price target of GBX 4,168.75 ($55.93).
Get Rio Tinto alerts:Shares of RIO stock opened at GBX 4,303 ($57.74) on Wednesday. Rio Tinto has a 52 week low of GBX 2,882.50 ($38.68) and a 52 week high of GBX 4,226.56 ($56.71).
In other Rio Tinto news, insider Simon Henry acquired 500 shares of the business’s stock in a transaction on Tuesday, April 10th. The stock was purchased at an average price of GBX 3,713 ($49.82) per share, with a total value of 拢18,565 ($24,909.43).
Rio Tinto Company Profile
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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