Jefferies analyst Chris LaFemina maintained a Buy rating on Rio Tinto Limited (RTNTF – Research Report) on March 1 and set a price target of A$147.00. The company’s shares closed last Friday at $82.49.
According to TipRanks, LaFemina is a 4-star analyst with an average return of 3.2% and a 49.03% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Anglo American, BHP Group Ltd, and Rio Tinto Limited.
Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $96.26, a 16.70% upside from current levels. In a report released on February 22, Citi also maintained a Buy rating on the stock with a A$139.00 price target.
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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 637.
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.
