Rio Tinto plc (RIO) Earns News Sentiment Rating of 0.35

Media coverage about Rio Tinto plc (NYSE:RIO) has been trending positive on Friday, according to Alpha One Sentiment Analysis. Alpha One, a division of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rio Tinto plc earned a coverage optimism score of 0.35 on Alpha One’s scale. Alpha One also gave press coverage about the mining company an impact score of 32 out of 100, meaning that recent media coverage is unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected AlphaOne’s rankings:

Shares of Rio Tinto plc (NYSE:RIO) traded up 2.8971% during trading on Friday, hitting $41.5807. 2,546,492 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $39.71 and a 200-day moving average price of $40.51. Rio Tinto plc has a one year low of $26.95 and a one year high of $47.11. The stock has a market cap of $74.81 billion, a P/E ratio of 16.2870 and a beta of 1.19.

Several research analysts have recently weighed in on RIO shares. Zacks Investment Research raised shares of Rio Tinto plc from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a report on Wednesday, April 12th. Citigroup Inc raised shares of Rio Tinto plc from a “neutral” rating to a “buy” rating in a report on Thursday, April 20th. Jefferies Group LLC reiterated a “buy” rating on shares of Rio Tinto plc in a research report on Thursday, January 26th. Axiom Securities reiterated a “sell” rating on shares of Rio Tinto plc in a research report on Thursday, March 16th. Finally, Royal Bank of Canada upgraded shares of Rio Tinto plc from an “outperform” rating to a “top pick” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. Rio Tinto plc has an average rating of “Buy” and a consensus target price of $41.86.

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About Rio Tinto plc

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

5 Day Chart for NYSE:RIO

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