Rio Tinto plc with EPIC/TICKER LON:RIO had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ this morning by analysts at Liberum Capital. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. Liberum Capital have set their target price at 2400 GBX on its stock. This is indicating the analyst believes there is a potential downside of 20.8% from the opening price of 3030 GBX. Over the last 30 and 90 trading days the company share price has decreased 297 points and decreased 386.5 points respectively.
Rio Tinto plc LON:RIO has a 50 day moving average of 3,388.79 GBX and a 200 day moving average of 2,986.88 GBX. The 1 year high for the stock price is 3718.5 GBX while the year low stock price is currently 1853 GBX. There are currently 1,837,539,794 shares in issue with the average daily volume traded being 4,516,860. Market capitalisation for LON:RIO is £55,741,769,651 GBP.
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. Its Iron Ore product operations are located in the Pilbara region of Western Australia.