Favorable Media Coverage Somewhat Unlikely to Affect Rio Tinto PLC (RIO) Share Price
Press coverage about Rio Tinto PLC (NYSE:RIO) has been trending positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rio Tinto PLC earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the mining company an impact score of 46.4565234172277 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Weak growth prospects in the future For Rio Tinto plc (RIO) – Street Observer (press release) (streetobserver.com)
- Rio Tinto Plc : RIO-US: Dividend Analysis : August 11th, 2017 (record date) : By the numbers : September 12, 2017 (finance.yahoo.com)
- Financial Analysis: Turquoise Hill Resources (IVN) versus Rio Tinto PLC (RIO) (americanbankingnews.com)
- Rio Tinto Plc (NYSE:RIO) Stock Closed Above Its 50 Day Average (wisdomsave.com)
- Rio Tinto plc’s (RIO) “Outperform” Rating Reiterated at Credit Suisse Group (noomag.com)
A number of research analysts recently weighed in on RIO shares. Bank of America Corporation upgraded shares of Rio Tinto PLC from an “underperform” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research downgraded shares of Rio Tinto PLC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Axiom Securities restated a “sell” rating on shares of Rio Tinto PLC in a research report on Tuesday, July 25th. Royal Bank Of Canada upgraded shares of Rio Tinto PLC from an “outperform” rating to a “top pick” rating in a research report on Wednesday, May 17th. Finally, BidaskClub upgraded shares of Rio Tinto PLC from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. Rio Tinto PLC currently has an average rating of “Buy” and a consensus price target of $47.50.
Shares of Rio Tinto PLC (NYSE RIO) traded down 1.65% during mid-day trading on Wednesday, hitting $48.84. 2,255,108 shares of the stock were exchanged. Rio Tinto PLC has a 52-week low of $29.79 and a 52-week high of $49.89. The stock’s 50-day moving average price is $46.96 and its 200-day moving average price is $42.51. The company has a market cap of $87.57 billion, a P/E ratio of 14.24 and a beta of 0.98.
The company also recently announced a None dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, August 11th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, August 9th.
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Rio Tinto PLC Company Profile
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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