This is what analysts have to say about Rio Tinto plc (NYSE:RIO) after last week.

May 16, 2018 - By Vivian Park

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Rio Tinto plc (NYSE:RIO) Ratings Coverage

Among 7 analysts covering Rio Tinto Plc (NYSE:RIO), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Rio Tinto Plc had 8 analyst reports since January 18, 2018 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Friday, May 4. Jefferies maintained Rio Tinto plc (NYSE:RIO) rating on Monday, April 9. Jefferies has “Buy” rating and $6800 target. The stock of Rio Tinto plc (NYSE:RIO) has “Hold” rating given on Thursday, January 18 by Cowen & Co. Jefferies maintained the shares of RIO in report on Thursday, February 15 with “Buy” rating. The stock of Rio Tinto plc (NYSE:RIO) earned “Hold” rating by BNP Paribas on Friday, April 6. The stock of Rio Tinto plc (NYSE:RIO) has “Buy” rating given on Wednesday, April 18 by HSBC. Below is a list of Rio Tinto plc (NYSE:RIO) latest ratings and price target changes.

04/05/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Downgrade
18/04/2018 Broker: HSBC Old Rating: Hold New Rating: Buy Upgrade
09/04/2018 Broker: Jefferies Rating: Buy New Target: $68.0000 Maintain
06/04/2018 Broker: BNP Paribas Rating: Hold Downgrade
09/04/2018 Broker: Vertical Group Rating: Sell New Target: $41 Initiates Coverage On
15/02/2018 Broker: Jefferies Rating: Buy New Target: $69.0 Maintain
14/02/2018 Broker: Argus Research Rating: Buy New Target: $61.0
18/01/2018 Broker: Cowen & Co Rating: Hold New Target: $61.0 Maintain

The stock increased 2.71% or $1.56 during the last trading session, reaching $59.08. About 1.84 million shares traded. Rio Tinto plc (NYSE:RIO) has risen 26.00% since May 16, 2017 and is uptrending. It has outperformed by 14.45% the S&P500.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of $102.22 billion. 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 12.13 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

More notable recent Rio Tinto plc (NYSE:RIO) news were published by: Investingnews.com which released: “Rio Tinto, Alcoa and Apple Team Up for Green Aluminum Smelting” on May 14, 2018, also Seekingalpha.com with their article: “Alcoa, Rio Tinto to launch first carbon-free aluminum smelting process” published on May 10, 2018, Seekingalpha.com published: “BHP, Rio Tinto run higher as iron ore prices rise” on May 14, 2018. More interesting news about Rio Tinto plc (NYSE:RIO) were released by: Forbes.com and their article: “Rio Tinto Q1 2018 Review: Iron Ore Output Displays Growth; Adjustment To Aluminum Production Looms” published on April 19, 2018 as well as Streetinsider.com‘s news article titled: “Australia’s trade minister says China ties a priority after recent ‘differences'” with publication date: May 16, 2018.

Rio Tinto plc (NYSE:RIO) Ratings Chart

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