In a report released today, Robert Stein from Macquarie maintained a Hold rating on Rio Tinto Limited, with a price target of A$115.00. The company’s shares closed today at $84.99.
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According to TipRanks, Stein is a 3-star analyst with an average return of 3.2% and a 55.49% success rate. Stein covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Iluka Resources Limited, and Liontown Resources Limited.
In addition to Macquarie, Rio Tinto Limited also received a Hold from Morgan Stanley’s Rahul Anand in a report issued on October 7. However, on October 2, J.P. Morgan maintained a Buy rating on Rio Tinto Limited (Other OTC: RTNTF).
The company has a one-year high of $85.00 and a one-year low of $60.79. Currently, Rio Tinto Limited has an average volume of 523.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RTNTF in relation to earlier this year.
Read More on RTNTF:
Disclaimer & DisclosureReport an Issue
- Rio Tinto Issues Unquoted Share Rights for Employee Incentive
- JPMorgan Chase & Co. Reduces Stake in Rio Tinto Limited
- Rio Tinto Announces $733 Million Investment to Extend West Angelas Iron Ore Mine
- Rio Tinto Executives Increase Shareholdings via Dividend Reinvestment
- Rio Tinto Director Increases Stake Through Dividend Reinvestment
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