In a report released yesterday, Chris LaFemina from Jefferies maintained a Buy rating on Rio Tinto Limited (RTNTF – Research Report), with a price target of A$158.00. The company’s shares closed yesterday at $80.13.
LaFemina covers the Basic Materials sector, focusing on stocks such as Anglo American, First Quantum Minerals, and BHP Group Ltd. According to TipRanks, LaFemina has an average return of 3.0% and a 46.72% success rate on recommended stocks.
In addition to Jefferies, Rio Tinto Limited also received a Buy from Citi’s Paul McTaggart in a report issued on February 22. However, on the same day, UBS maintained a Hold rating on Rio Tinto Limited (Other OTC: RTNTF).
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The company has a one-year high of $94.30 and a one-year low of $65.05. Currently, Rio Tinto Limited has an average volume of 611.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RTNTF in relation to earlier this year.
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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.
