Deutsche Bank restated their buy rating on shares of Rio Tinto plc (LON:RIO) in a report issued on Wednesday morning, Analyst Ratings Network.com reports. The firm currently has a GBX 3,300 ($47.08) target price on the stock.

RIO has been the topic of several other reports. Nomura reiterated a buy rating on shares of Rio Tinto plc in a report on Monday, October 12th. Sanford C. Bernstein reiterated an outperform rating and issued a GBX 4,000 ($57.07) price objective on shares of Rio Tinto plc in a report on Tuesday, October 13th. JPMorgan Chase & Co. lifted their price objective on Rio Tinto plc from GBX 2,950 ($42.09) to GBX 3,000 ($42.80) and gave the stock an overweight rating in a report on Monday, October 19th. Macquarie reiterated an outperform rating and issued a GBX 2,700 ($38.52) price objective on shares of Rio Tinto plc in a report on Monday, October 19th. Finally, Beaufort Securities reiterated a buy rating on shares of Rio Tinto plc in a report on Monday, October 19th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 2,364.04 ($33.73).

Shares of Rio Tinto plc (LON:RIO) opened at 1645.0001 on Wednesday. The stock has a 50 day moving average price of GBX 1,840.18 and a 200 day moving average price of GBX 2,251.88. The stock’s market capitalization is GBX 30.04 billion. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 3,280.00.

In other Rio Tinto plc news, insider Tellier,Paul bought 333 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The stock was acquired at an average price of GBX 2,450 ($34.96) per share, for a total transaction of £8,158.50 ($11,640.03).

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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