Media stories about Rio Tinto PLC (NYSE:RIO) have trended positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rio Tinto PLC earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave news articles about the mining company an impact score of 87 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Rio Tinto PLC (RIO) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Traders Recap: Rio Tinto plc (ADR)(NYSE:RIO), Procter & Gamble Co (NYSE:PG) – Money making news (press release) (stocknews.pro)
- Traders Purchase Large Volume of Rio Tinto PLC Put Options (RIO) (americanbankingnews.com)
- Rio Tinto Plc cheapest in five years – RBC – Financial Post (business.financialpost.com)
- John Varley resigns from Rio Tinto board – MarketWatch (marketwatch.com)
Rio Tinto PLC (RIO) opened at 39.17 on Friday. The company’s 50-day moving average is $40.15 and its 200-day moving average is $41.10. Rio Tinto PLC has a 52 week low of $27.74 and a 52 week high of $47.11. The company has a market cap of $70.47 billion, a P/E ratio of 15.34 and a beta of 1.01.
RIO has been the topic of a number of research analyst reports. ValuEngine lowered shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Citigroup Inc. upgraded shares of Rio Tinto PLC from a “neutral” rating to a “buy” rating in a research report on Thursday, April 20th. BidaskClub upgraded shares of Rio Tinto PLC from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research lowered shares of Rio Tinto PLC from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 9th. Finally, BNP Paribas upgraded shares of Rio Tinto PLC from a “neutral” rating to an “outperform” rating in a report on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $41.86.
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.
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