Are Analysts Bearish Rio Tinto plc (LON:RIO) After Last Week?

May 16, 2018 - By Linda Rogers

Rio Tinto plc (LON:RIO) Logo

Rio Tinto plc (LON:RIO) Ratings Coverage

Among 11 analysts covering Rio Tinto PLC (LON:RIO), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Rio Tinto PLC had 40 analyst reports since November 27, 2017 according to SRatingsIntel. The rating was maintained by Credit Suisse on Tuesday, January 30 with “Outperform”. The stock of Rio Tinto plc (LON:RIO) earned “Hold” rating by HSBC on Wednesday, March 28. As per Wednesday, April 18, the company rating was maintained by Deutsche Bank. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, March 13 report. As per Thursday, February 8, the company rating was maintained by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, February 13. The rating was maintained by JP Morgan with “Neutral” on Thursday, January 11. On Tuesday, February 27 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by Liberum Capital with “Sell” on Thursday, March 15. As per Tuesday, December 5, the company rating was maintained by JP Morgan. Below is a list of Rio Tinto plc (LON:RIO) latest ratings and price target changes.

04/05/2018 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 4500.00 New Target: GBX 4400.00 Downgrade
18/04/2018 Broker: Deutsche Bank Rating: Buy Old Target: GBX 4600.00 New Target: GBX 4700.00 Reiteration
18/04/2018 Broker: Citigroup Rating: Buy Old Target: GBX 4050.00 New Target: GBX 4200.00 Maintain
18/04/2018 Broker: HSBC Rating: Buy Old Target: GBX 4200.00 New Target: GBX 4450.00 Upgrade
09/04/2018 Broker: Liberum Capital Rating: Sell Old Target: GBX 2750.00 New Target: GBX 2750.00 Maintain
06/04/2018 Broker: BNP Paribas Rating: Neutral Old Target: GBX 3650.00 New Target: GBX 4000.00 Maintain
06/04/2018 Broker: Deutsche Bank Rating: Buy Old Target: GBX 4600.00 Maintain
04/04/2018 Broker: Citigroup Rating: Buy Old Target: GBX 4050.00 Maintain
28/03/2018 Broker: HSBC Rating: Hold New Target: GBX 4200.00 Maintain
21/03/2018 Broker: Citigroup Rating: Buy New Target: GBX 4050.00 Maintain

The stock increased 2.85% or GBX 120.5 during the last trading session, reaching GBX 4350. About 5.76 million shares traded or 16.67% up from the average. Rio Tinto plc (LON:RIO) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of 75.44 billion GBP. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 8.93 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

More important recent Rio Tinto plc (LON:RIO) news were published by: Mining.com which released: “Canada / US big players announce world’s first carbon-free aluminum smelting process” on May 11, 2018, also Mining.com published article titled: “Fura Gems finds giant emerald at historic Coscuez mine in Colombia”, Mining.com published: “BHP faces shareholder class action over Brazil mine disaster” on May 16, 2018. More interesting news about Rio Tinto plc (LON:RIO) was released by: Mining.com and their article: “Nutrien speeds up sale of $4bn-stake in Chilean lithium giant SQM” with publication date: May 09, 2018.

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