Rio Tinto Limited (RTNTF) Gets a Hold from UBS

UBS analyst Lachlan Shaw maintained a Hold rating on Rio Tinto Limited today and set a price target of A$130.00. The company’s shares closed today at $82.25.

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Shaw covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Mineral Resources Limited, and Rio Tinto Limited. According to TipRanks, Shaw has an average return of -0.1% and a 52.21% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rio Tinto Limited with a $81.99 average price target, representing a -0.32% downside. In a report released today, Citi also maintained a Hold rating on the stock with a A$119.00 price target.

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 510.

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.