Rio Tinto PLC (NYSE:RIO) was downgraded by investment analysts at Clarkson Capital from a “buy” rating to a “neutral” rating in a research note issued on Monday.

Several other brokerages have also recently issued reports on RIO. ValuEngine upgraded shares of Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Jefferies Group LLC set a $52.00 target price on shares of Rio Tinto PLC and gave the company a “buy” rating in a report on Friday, August 18th. Axiom Securities restated a “sell” rating on shares of Rio Tinto PLC in a report on Thursday, July 13th. BidaskClub cut shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Rio Tinto PLC from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a report on Saturday, October 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Rio Tinto PLC has an average rating of “Buy” and a consensus price target of $50.50.

Rio Tinto PLC (NYSE:RIO) opened at 49.79 on Monday. Rio Tinto PLC has a 12-month low of $31.67 and a 12-month high of $50.13. The firm has a 50 day moving average of $48.28 and a 200-day moving average of $43.63. The stock has a market cap of $89.27 billion, a PE ratio of 14.52 and a beta of 0.95.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/10/18/rio-tinto-plc-rio-stock-rating-lowered-by-clarkson-capital.html.

A number of institutional investors have recently made changes to their positions in RIO. Knowledge Leaders Capital LLC raised its position in Rio Tinto PLC by 126.0% during the 2nd quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock worth $101,000 after buying an additional 1,334 shares during the last quarter. Acrospire Investment Management LLC raised its position in Rio Tinto PLC by 13.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock worth $110,000 after buying an additional 299 shares during the last quarter. Hudock Capital Group LLC raised its position in Rio Tinto PLC by 125.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock worth $118,000 after buying an additional 1,555 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Rio Tinto PLC by 212.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company’s stock worth $135,000 after buying an additional 2,166 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Rio Tinto PLC by 120.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,753 shares of the mining company’s stock worth $159,000 after buying an additional 2,048 shares during the last quarter. Institutional investors own 6.87% of the company’s stock.

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.

Analyst Recommendations for Rio Tinto PLC (NYSE:RIO)

Receive News & Ratings for Rio Tinto PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto PLC and related companies with MarketBeat.com's FREE daily email newsletter.