Rio Tinto plc ADR (NYSE:RIO) has been given an average rating of “Hold” by the twenty-one research firms that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have issued a buy recommendation on the company.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of Rio Tinto from a “sell” rating to a “strong sell” rating in a report on Friday, August 2nd. Societe Generale raised shares of Rio Tinto from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. BMO Capital Markets raised shares of Rio Tinto from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 3rd. Zacks Investment Research downgraded shares of Rio Tinto from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Finally, Goldman Sachs Group raised shares of Rio Tinto from a “neutral” rating to a “buy” rating in a research note on Monday, May 27th.

Institutional investors have recently added to or reduced their stakes in the company. Personal Wealth Partners acquired a new stake in shares of Rio Tinto in the second quarter worth $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Rio Tinto in the second quarter worth $25,000. Liberty Wealth Management LLC increased its position in shares of Rio Tinto by 238.6% in the second quarter. Liberty Wealth Management LLC now owns 491 shares of the mining company’s stock worth $31,000 after acquiring an additional 346 shares in the last quarter. Arrow Financial Corp acquired a new stake in shares of Rio Tinto in the second quarter worth $34,000. Finally, FinTrust Capital Advisors LLC increased its position in shares of Rio Tinto by 234.1% in the second quarter. FinTrust Capital Advisors LLC now owns 568 shares of the mining company’s stock worth $35,000 after acquiring an additional 398 shares in the last quarter. 8.21% of the stock is owned by institutional investors.

Shares of NYSE RIO traded up $0.54 on Thursday, hitting $53.78. The company’s stock had a trading volume of 251,065 shares, compared to its average volume of 2,647,676. Rio Tinto has a 12-month low of $44.62 and a 12-month high of $64.02. The company has a market capitalization of $67.57 billion, a price-to-earnings ratio of 10.61 and a beta of 0.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 1.22. The stock has a 50 day moving average of $51.53 and a 200-day moving average of $57.48.

About Rio Tinto

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (NYSE:RIO)

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