Sanford C. Bernstein reaffirmed their outperform rating on shares of Rio Tinto plc (LON:RIO) in a research report released on Thursday morning, MarketBeat.Com reports. They currently have a GBX 2,520 ($35.90) target price on the stock.

In other news, insider Tellier,Paul acquired 318 shares of Rio Tinto plc stock in a transaction on Wednesday, November 25th. The stock was purchased at an average price of GBX 2,254 ($32.11) per share, with a total value of £7,167.72 ($10,211.88).

A number of other research analysts have also commented on RIO. Macquarie reaffirmed an outperform rating and issued a GBX 2,700 ($38.47) price objective on shares of Rio Tinto plc in a report on Thursday, September 24th. Liberum Capital reaffirmed a hold rating and issued a GBX 2,090 ($29.78) price objective on shares of Rio Tinto plc in a report on Friday, September 25th. Investec reaffirmed a hold rating and issued a GBX 2,311 ($32.92) price objective on shares of Rio Tinto plc in a report on Monday, September 28th. Deutsche Bank decreased their price objective on Rio Tinto plc from GBX 3,800 ($54.14) to GBX 3,358 ($47.84) and set a buy rating on the stock in a report on Wednesday, September 30th. Finally, Citigroup Inc. reaffirmed a buy rating and issued a GBX 2,700 ($38.47) price objective on shares of Rio Tinto plc in a report on Wednesday, September 30th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 2,364.04 ($33.68).

Shares of Rio Tinto plc (LON:RIO) traded up 3.0454% during mid-day trading on Thursday, reaching GBX 1658.0000. The company’s stock had a trading volume of 3,208,150 shares. Rio Tinto plc has a 12 month low of GBX 1,557.00 and a 12 month high of GBX 3,280.00. The company has a 50-day moving average of GBX 1,825.88 and a 200-day moving average of GBX 2,241.86. The firm’s market cap is GBX 30.28 billion.

Rio Tinto plc (LON:RIO) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters. The Company’s copper core properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Rio Tinto Kennecott supplies approximately 20% of United States refined copper requirements, and is a mining, concentrating, smelting and refining operations property. Rio Tinto Diamonds is a diamond producer, engaged in mining, manufacturing, selling and marketing diamonds. Rio Tinto’s Energy product group produces coal and uranium. Rio Tinto operates iron ore portfolio. Exploration joint ventures were established in Canada, the United States, Chile, Mexico and Australia.

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