Beaufort Securities reiterated their buy rating on shares of Rio Tinto plc (LON:RIO) in a report published on Wednesday, AnalystRatings.NET reports.

In related 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 cost of GBX 2,254 ($32.16) per share, with a total value of £7,167.72 ($10,226.45).

A number of other equities research analysts have also recently issued reports on RIO. Credit Suisse dropped their target price on shares of Rio Tinto plc from GBX 2,800 ($39.95) to GBX 2,500 ($35.67) and set a neutral rating for the company in a research report on Tuesday, September 22nd. Macquarie reiterated an outperform rating and set a GBX 2,700 ($38.52) target price on shares of Rio Tinto plc in a research report on Thursday, September 24th. Liberum Capital reiterated a hold rating and set a GBX 2,090 ($29.82) target price on shares of Rio Tinto plc in a research report on Friday, September 25th. Investec reiterated a hold rating and set a GBX 2,311 ($32.97) target price on shares of Rio Tinto plc in a research report on Monday, September 28th. Finally, Deutsche Bank dropped their target price on shares of Rio Tinto plc from GBX 3,800 ($54.22) to GBX 3,358 ($47.91) and set a buy rating for the company in a research report on Wednesday, September 30th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 2,364.04 ($33.73).

Shares of Rio Tinto plc (LON:RIO) opened at 1645.0001 on Wednesday. The stock’s 50 day moving average is GBX 1,840.18 and its 200-day moving average is GBX 2,251.88. The firm’s market cap is GBX 30.04 billion. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 3,280.00.

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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