Rio Tinto (RIO) Given a GBX 3,300 Price Target at Goldman Sachs Group

Goldman Sachs Group set a GBX 3,300 ($46.27) price target on Rio Tinto (LON:RIO) in a research report sent to investors on Monday. The firm currently has a neutral rating on the stock.

RIO has been the topic of several other research reports. Credit Suisse Group boosted their target price on Rio Tinto from GBX 4,000 ($56.09) to GBX 4,300 ($60.29) and gave the stock an outperform rating in a research report on Thursday, October 26th. boosted their target price on Rio Tinto from GBX 3,900 ($54.68) to GBX 4,000 ($56.09) and gave the stock a buy rating in a research report on Wednesday, October 18th. Macquarie reiterated an outperform rating and set a GBX 4,300 ($60.29) target price on shares of Rio Tinto in a research report on Tuesday, January 16th. JPMorgan Chase & Co. set a GBX 4,200 ($58.89) target price on Rio Tinto and gave the stock a neutral rating in a research report on Monday. Finally, Citigroup upgraded Rio Tinto to a buy rating and set a GBX 4,050 ($56.79) target price on the stock in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 4,092.25 ($57.38).

Rio Tinto (LON RIO) opened at GBX 3,791.50 ($53.16) on Monday. Rio Tinto has a 52-week low of GBX 2,882.50 ($40.42) and a 52-week high of GBX 4,226.56 ($59.26). The stock has a market capitalization of $68,800.00 and a P/E ratio of 1,083.29.

In related news, insider Christopher Lynch bought 26,066 shares of Rio Tinto stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of GBX 3,490 ($48.93) per share, with a total value of £909,703.40 ($1,275,523.56).

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Rio Tinto 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.

Analyst Recommendations for Rio Tinto (LON:RIO)

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