Somewhat Positive News Coverage Somewhat Unlikely to Affect Rio Tinto (RIO) Stock Price
News stories about Rio Tinto (NYSE:RIO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rio Tinto earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the mining company an impact score of 46.4620186823292 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- S&P upgrades Rio Tinto, flag well-placed for M&A (yahoo.com)
- Forget Rio Tinto plc, Cameco Corporation Is a Better Uranium Stock (fool.com)
- Top Picks For Materials Dividend Rockstars (finance.yahoo.com)
- Rio Tinto (RIO) Cut to “Strong Sell” at Zacks Investment Research (americanbankingnews.com)
- Moody’s Calls Rio Tinto Annual Results Credit Positive (morningstar.co.uk)
Shares of Rio Tinto (RIO) traded up $0.52 during midday trading on Tuesday, reaching $55.71. 3,189,843 shares of the company traded hands, compared to its average volume of 3,171,490. The company has a market capitalization of $98,200.00, a price-to-earnings ratio of 11.42 and a beta of 1.09. Rio Tinto has a fifty-two week low of $37.66 and a fifty-two week high of $57.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.40 and a current ratio of 1.71.
A number of equities research analysts have recently commented on the stock. HSBC lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Cowen reaffirmed a “market perform” rating and issued a $61.00 price objective (up from $54.00) on shares of Rio Tinto in a research note on Thursday, January 18th. Zacks Investment Research lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Societe Generale raised shares of Rio Tinto from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, Citigroup lowered shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.09.
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Rio Tinto 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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