Somewhat Positive News Coverage Very Likely to Affect Rio Tinto PLC (RIO) Stock Price

News articles about Rio Tinto PLC (NYSE:RIO) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern 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 news impact score of 0.03 on Accern’s scale. Accern also gave news coverage about the mining company an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Rio Tinto PLC (RIO) traded up 2.46% on Wednesday, reaching $41.18. 1,948,529 shares of the company were exchanged. The firm has a 50-day moving average of $40.15 and a 200 day moving average of $41.10. The firm has a market capitalization of $74.09 billion, a P/E ratio of 16.13 and a beta of 1.01. Rio Tinto PLC has a 12-month low of $27.74 and a 12-month high of $47.11.

RIO has been the subject of several analyst reports. Zacks Investment Research lowered shares of Rio Tinto PLC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 21st. ValuEngine upgraded shares of Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 11th. BidaskClub lowered shares of Rio Tinto PLC from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Axiom Securities reiterated a “sell” rating on shares of Rio Tinto PLC in a research note 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 note on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.86.

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Rio Tinto PLC Company Profile

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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