Rio Tinto (RIO) Upgraded to Buy by HSBC

Andrew Cummings
April 19, 2018

Therefore 62% are positive.

In other Rio Tinto news, insider Simon Henry purchased 500 shares of Rio Tinto stock in a transaction dated Tuesday, April 10th. A rating of 3 would show a mean Hold recommendation. Needham has "Buy" rating and $79 target. The rating was initiated by Gabelli on Friday, October 16 with "Buy". Credit Suisse upgraded the shares of RIO in report on Wednesday, December 7 to "Outperform" rating. The company was initiated on Thursday, October 6 by UBS. The company was maintained on Tuesday, February 27 by JP Morgan. On Thursday, April 20 the stock rating was upgraded by Citigroup to "Buy". This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell.

Checking out some other company technical data, we have noted that Ryanair Hldgs Plc (RYAAY) now has a 9 day raw stochastic value of 57.42%.


VOLATILITY FACTOR: The stock remained 1.53% volatile in recent week and indicated 1.94% volatility in last month. Franklin Resources Inc owns $828.57 million in Rio Tinto plc, which represents roughly 0.86% of the company's market cap and approximately 15.68% of the institutional ownership. Market cap is measured in GBP.

Rio Tinto has become the world's biggest iron ore miner, overtaking Brazil's Vale in the three months to March to grab bragging rights, even if it's going to be a brief reign as top miner. P/E ratio is noted at 10.69. The Company's products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Among 8 analysts covering Rio Tinto Plc (NYSE:RIO), 2 have Buy rating, 1 Sell and 5 Hold. Rio Tinto has a one year low of GBX 2,882.50 ($41.27) and a one year high of GBX 4,226.56 ($60.52). Rio Tinto has an average rating of "Buy" and a consensus price target of GBX 4,171.25 ($59.73). This article was written with the last trade for Rio Tinto plc being recorded at Wednesday, April 18, 2018 at 3:38:11 PM GMT with the stock price trading at 3968 GBX. The firm earned "Outperform" rating on Friday, February 9 by Leerink Swann. J.P. Morgan downgraded Rio Tinto plc (NYSE:RIO) rating on Monday, November 13. Rio Tinto plc (NYSE:RIO) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The company was maintained on Monday, December 4 by RBC Capital Markets.


Wall Street stocks powered higher on Tuesday (April 17) on strong corporate earnings, with a blowout report from Netflix igniting a rally in technology shares.

Woodside shares were also up 1.1 per cent, to $30.72, after the energy firm revealed that it is on the cusp of an uptick in LNG production after reporting an 18 per cent rise in quarterly sales to $1.2 billion. This is a boost from Rio Tinto's previous semiannual dividend of $1.26. It has underperformed by 34.36% the S&P500.

Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide.


Aluminium production fell by 5% in the quarter and the same period a year ago to 846,000 tonnes, primarily due to issues with two smelters. For example, the stock performance on a yearly basis is estimated at, while in the last 365 days it has been 7.41%. All share prices mentioned for this stock are traded in GBX. Oil States International, Inc.

Other reports by iNewsToday

FOLLOW OUR NEWSPAPER