Rio Tinto plc ADR (NYSE:RIO)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $45.25 and last traded at $46.04, with a volume of 328189 shares. The stock had previously closed at $47.38.
RIO has been the subject of a number of research reports. Liberum Capital raised shares of Rio Tinto from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. ValuEngine downgraded shares of Rio Tinto from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. Investec downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. raised shares of Rio Tinto from a “neutral” rating to an “overweight” rating in a research note on Monday, September 10th. Finally, Goldman Sachs Group raised shares of Rio Tinto from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Rio Tinto has an average rating of “Hold” and an average target price of $58.80.
The company has a market cap of $60.13 billion, a price-to-earnings ratio of 9.60 and a beta of 0.99. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27.
About Rio Tinto (NYSE:RIO)
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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