Rio Tinto Plc – Consensus Indicates Potential -1.6% Downside

Broker Ratings
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Rio Tinto Plc with ticker code (RIO) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 92 and 70 with a mean TP of 82.67. Now with the previous closing price of 84 this indicates there is a potential downside of -1.6%. There is a 50 day moving average of 74.07 and the 200 moving average now moves to 74.44. The market cap for the company is $133,033m. You can visit the company’s website by visiting: https://www.riotinto.com

The potential market cap would be $130,927m based on the market concensus.

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.

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