In a report released today, Paul McTaggart from Citi maintained a Hold rating on Rio Tinto Limited, with a price target of A$119.00. The company’s shares closed last Friday at $79.23.
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McTaggart covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, South32, and BHP Group Ltd. According to TipRanks, McTaggart has an average return of 10.5% and a 57.96% success rate on recommended stocks.
In addition to Citi, Rio Tinto Limited also received a Hold from Macquarie’s Robert Stein in a report issued on October 9. 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 505.
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:
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- Rio Tinto Reports Strong Q3 2025 Production with Upgraded Bauxite Guidance
- 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
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