J P Morgan Chase & Co lowered shares of Rio Tinto plc (NYSE:RIO) from an overweight rating to a neutral rating in a report published on Monday morning.

RIO has been the topic of a number of other reports. Royal Bank Of Canada lowered shares of Rio Tinto plc from an outperform rating to a sector perform rating and boosted their price target for the company from $47.87 to $48.37 in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of Rio Tinto plc from a strong sell rating to a hold rating in a research report on Saturday, August 5th. ValuEngine lowered shares of Rio Tinto plc from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Citigroup Inc. lowered shares of Rio Tinto plc from a buy rating to a neutral rating in a research report on Tuesday, October 17th. Finally, Jefferies Group LLC set a $55.00 target price on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $50.07.

Rio Tinto plc (NYSE:RIO) traded down $0.31 during trading hours on Monday, reaching $49.20. 1,957,400 shares of the company’s stock were exchanged, compared to its average volume of 3,332,728. Rio Tinto plc has a 52-week low of $36.25 and a 52-week high of $50.77. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31.

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A number of large investors have recently modified their holdings of RIO. Geode Capital Management LLC increased its stake in Rio Tinto plc by 13.8% in the first quarter. Geode Capital Management LLC now owns 25,180 shares of the mining company’s stock valued at $1,024,000 after purchasing an additional 3,061 shares in the last quarter. Credit Suisse AG increased its stake in Rio Tinto plc by 56.8% in the first quarter. Credit Suisse AG now owns 174,593 shares of the mining company’s stock valued at $7,102,000 after purchasing an additional 63,272 shares in the last quarter. Bank of Montreal Can bought a new stake in Rio Tinto plc in the second quarter valued at approximately $21,563,000. Aperio Group LLC increased its stake in Rio Tinto plc by 14.9% in the second quarter. Aperio Group LLC now owns 355,572 shares of the mining company’s stock valued at $15,044,000 after purchasing an additional 46,083 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in Rio Tinto plc by 5.7% in the second quarter. Sit Investment Associates Inc. now owns 28,456 shares of the mining company’s stock valued at $1,204,000 after purchasing an additional 1,531 shares in the last quarter. 7.02% of the stock is owned by hedge funds and other institutional investors.

About Rio Tinto plc

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)

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