Finally, TIAA FSB increased its position in Rio Tinto by 12.6% during the 4th quarter. J P Morgan Chase & Co raised their price target on Rio Tinto plc from GBX 4,000 ($51.66) to GBX 4,100 ($52.95) and gave the stock an "overweight" rating in a research report on Tuesday. Rio Tinto plc has a 1 year low of $37.66 and a 1 year high of $57.78. The stock's quarterly performance represents optimistic momentum of 12.08 percent. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.71.
Analysts await Rio Tinto Plc (NASDAQ:RIO) to report earnings on Feb, 07 for the fiscal quarter ending Dec 2017.
"We think the market is ready, but the price paid is key", said Glyn Lawcock, a Sydney-based UBS analyst, in a research report on Monday. The correct version of this piece of content can be accessed at https://registrarjournal.com/2018/02/06/rio-tinto-plc-rio-receives-consensus-rating-of-buy-from-analysts.html. Cowen set a $47.00 target price on shares of Rio Tinto and gave the stock a "hold" rating in a report on Monday, October 16th.
Several institutional investors have recently added to or reduced their stakes in the company. This could mean that shareholders benefit in the form of further share buybacks and dividend payments.
Sell side analysts plays vital role in buying and selling a stock where 4 analysts rated Rio Tinto Plc (NYSE:RIO) as Buy, 0 analysts given Outperform signal, 1 reported Hold, and 1 analysts rated the stock as Sell. The third largest holder is Goldman Sachs Group Inc, which now holds $328.47 million worth of this stock and that ownership represents almost 0.32% of its market capitalization. The stock has a market cap of $101,050.00, a price-to-earnings ratio of 16.09 and a beta of 1.09. Rio Tinto earned a media sentiment score of -0.01 on Accern's scale. To measure price-variation, we found RIO's volatility during a week at 3.23% and during a month it has been found around 1.7%. If you are accessing this article on another website, it was illegally stolen and reposted in violation of U.S. and global trademark and copyright laws.
Yet the sheer size of Rio's cash flow is starting to raise another question: how else will the world's second-biggest mining company invest all its money? The Company's business is finding, mining and processing mineral resources.
Iron ore, Rio's biggest income generator, contributed $6.69 billion in underlying earnings for the full-year. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.
However, there are some hints that Rio could use its fortress of a balance sheet to start investing in other mining assets.