Rio Tinto Plc – Consensus Indicates Potential -5.0% Downside

Broker Ratings
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Rio Tinto Plc with ticker code (RIO) now have 3 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 85 and 70 calculating the mean target price we have 75. Now with the previous closing price of 78.96 this is indicating there is a potential downside of -5.0%. The day 50 moving average is 70.25 and the 200 day moving average is 75.19. The company has a market cap of $127,248m. Company Website: https://www.riotinto.com

The potential market cap would be $120,866m 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. The company was founded in 1873 and is headquartered in London, the United Kingdom.

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