Citi analyst Paul McTaggart maintained a Buy rating on Rio Tinto Limited (RTNTF – Research Report) today and set a price target of A$137.00. The company’s shares closed yesterday at $82.03.
According to TipRanks, McTaggart is a 5-star analyst with an average return of 12.8% and a 58.43% success rate. McTaggart covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Iluka Resources Limited, and Rio Tinto Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rio Tinto Limited with a $85.84 average price target, representing a 4.65% upside. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a A$145.00 price target.
RTNTF market cap is currently $115.4B and has a P/E ratio of 13.74.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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Rio Tinto Limited (RTNTF) Company Description:
Rio Tinto Ltd. engages in finding, mining, and processing of mineral resources. It operates through the following segments: Iron Ore, Aluminium, Copper and Diamonds, Energy and Minerals, and Other Operations.The Copper and Diamonds segment produces gold, silver, molybdenum, and by-products. The Energy and Minerals segment offers uranium, borates, salt and titanium dioxide feedstock together with coal operations. The company was founded on December 17, 1959 and is headquartered in Melbourne, Australia.
