Goldman Sachs Group set a GBX 4,900 ($64.46) price target on Rio Tinto (LON:RIO) in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research analysts also recently issued reports on the stock. Morgan Stanley reiterated a neutral rating and set a GBX 4,300 ($56.56) price target on shares of Rio Tinto in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Rio Tinto from GBX 4,850 ($63.80) to GBX 4,890 ($64.33) and gave the stock a neutral rating in a research report on Friday, January 17th. Independent Research reduced their price target on shares of Rio Tinto from GBX 4,500 ($59.19) to GBX 4,300 ($56.56) and set a hold rating on the stock in a research report on Monday, October 21st. UBS Group reiterated a neutral rating and set a GBX 4,250 ($55.91) price target on shares of Rio Tinto in a research report on Monday, January 20th. Finally, Citigroup reiterated a buy rating on shares of Rio Tinto in a research report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. Rio Tinto has an average rating of Hold and an average target price of GBX 4,340.05 ($57.09).
Shares of LON:RIO opened at GBX 4,197 ($55.21) on Tuesday. Rio Tinto has a 52 week low of GBX 3,900.50 ($51.31) and a 52 week high of GBX 5,039 ($66.29). The company has a debt-to-equity ratio of 31.97, a quick ratio of 1.17 and a current ratio of 1.52. The company’s fifty day moving average is GBX 4,400.85 and its 200-day moving average is GBX 4,261.02. The company has a market capitalization of $52.74 billion and a PE ratio of 5.26.
About Rio Tinto
Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.
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