Haitong Securities reaffirmed their buy rating on shares of Rio Tinto plc (LON:RIO) in a report released on Tuesday, Market Beat reports. The firm currently has a GBX 2,370 ($34.10) target price on the stock.

Rio Tinto plc (LON:RIO) opened at 1617.50 on Tuesday. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 3,280.00. The firm’s market cap is GBX 29.54 billion. The company has a 50-day moving average price of GBX 1,780.52 and a 200-day moving average price of GBX 2,203.01.

In other news, insider Tellier,Paul purchased 356 shares of Rio Tinto plc stock in a transaction that occurred on Wednesday, December 23rd. The stock was acquired at an average cost of GBX 2,014 ($28.97) per share, for a total transaction of £7,169.84 ($10,314.83).

A number of other analysts have also commented on RIO. Nomura reiterated a buy rating on shares of Rio Tinto plc in a research report on Monday, October 12th. Canaccord Genuity reiterated a buy rating and issued a GBX 3,000 ($43.16) price objective on shares of Rio Tinto plc in a research report on Tuesday, January 19th. Liberum Capital lowered Rio Tinto plc to a sell rating and lowered their price objective for the stock from GBX 2,090 ($30.07) to GBX 1,900 ($27.33) in a research report on Thursday, October 29th. JPMorgan Chase & Co. set a GBX 1,700 ($24.46) price objective on Rio Tinto plc and gave the stock a buy rating in a research report on Wednesday, January 20th. Finally, Beaufort Securities reiterated a buy rating on shares of Rio Tinto plc in a research report on Wednesday, January 20th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. Rio Tinto plc has an average rating of Hold and a consensus price target of GBX 2,348.08 ($33.78).

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.

Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter.