Rio Tinto Group (NYSE:RIO – Get Rating) gapped down prior to trading on Thursday . The stock had previously closed at $79.09, but opened at $77.06. Rio Tinto Group shares last traded at $76.49, with a volume of 243,169 shares trading hands.
Analysts Set New Price Targets
Several equities analysts recently commented on RIO shares. Deutsche Bank Aktiengesellschaft boosted their price target on Rio Tinto Group from GBX 5,800 ($71.63) to GBX 6,200 ($76.57) in a research report on Tuesday, January 10th. UBS Group lowered Rio Tinto Group from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 13th. Citigroup lowered Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Thursday, December 1st. Morgan Stanley boosted their price target on Rio Tinto Group from GBX 5,750 ($71.01) to GBX 5,790 ($71.51) in a report on Monday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Rio Tinto Group from GBX 5,310 ($65.58) to GBX 5,380 ($66.44) in a report on Wednesday, January 18th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group currently has an average rating of “Hold” and a consensus price target of $4,360.00.
Rio Tinto Group Price Performance
The company has a current ratio of 1.79, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $72.66 and a 200 day moving average price of $62.97.
Institutional Inflows and Outflows
About Rio Tinto Group
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
- Get a free copy of the StockNews.com research report on Rio Tinto Group (RIO)
- The Bottom Is In For Meta Platforms, Volatility Is Not Over
- Analyzing Alaska Air’s Recent Earnings
- Apple’s Earnings, Expectations and Surprises
- T-Mobile Delivers Where it Matters Most to Investors
- Exxon Mobil Could Gush To New Highs Very Soon
Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.