Rio Tinto plc's (RIO) "Neutral" Rating Reaffirmed at Goldman Sachs Group, Inc

Share
Rio Tinto plc's (RIO)

A number of other research analysts also recently issued reports on the company. The brokerage now has a "buy" rating on the stock.

The second quarter of 2017 also saw Rio Tinto confirm Yancoal as the preferred buyer of its subsidiary Coal & Allied for $2.69 billion, with the sale expected to be complete in the third quarter of 2017. Rio Tinto PLC has GBX 4525 highest and GBX 3 lowest target.

ILLEGAL ACTIVITY WARNING: "J P Morgan Chase & Co Reiterates "GBX 3,950" Price Target for Rio Tinto plc (LON:RIO)" was first reported by Community Financial News and is the sole property of of Community Financial News. Barclays Capital maintained Rio Tinto plc (LON:RIO) on Wednesday, October 26 with "Overweight" rating. Finally, Macquarie restated an "outperform" rating and set a GBX 4,000 ($51.81) price target on shares of Rio Tinto plc in a report on Thursday, July 6th.

In related news, insider Gregor Alexander sold 15,418 shares of the firm's stock in a transaction dated Monday, June 26th. ValuEngine upgraded shares of Rio Tinto PLC from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 11th.

Rio Tinto lowered its forecast for shipments of iron ore in calendar 2017 by up to 10 million tonnes on Tuesday citing bad weather and ongoing work to modernize its rail lines. The firm has a 50-day moving average of GBX 3,131.23 and a 200-day moving average of GBX 3,240.47. The latest reports which are outstanding on Tuesday 18th of July state 4 analysts have a rating of "strong buy", 2 analysts "buy", 1 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright law. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and global copyright laws. Rio Tinto plc presently has an average rating of "Buy" and an average target price of GBX 3,668.24 ($47.90). Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. The correct version of this report can be viewed at https://stocknewstimes.com/2017/07/18/rio-tinto-plcs-rio-neutral-rating-reaffirmed-at-goldman-sachs-group-inc-the.html. The stock was acquired at an average cost of GBX 3,043 ($39.74) per share, for a total transaction of £365.16 ($476.83).

Rio Tinto (NYSE:RIO) -1.8% premarket after cutting its forecast for 2017 shipments of iron ore by as much as 10M metric tons, after poor weather and an acceleration of its rail maintenance program hurt Q2 shipments. The Company's business is finding, mining and processing mineral resources. Around half of that was spent on central exploration with 29% spent on copper and diamonds, 11% on energy and minerals and the remainder spent on iron ore and aluminium.

The company now expects full-year iron ore shipments to come in at the bottom of its previous guidance of between 330mt and 340mt.

Share

Advertisement

Related Posts

Two Live-Action DC Films Added To Warner Bros. 2020 Slate
Wonder Woman has been a huge success for Warner Bros. that it's a given we should receive a sequel for the film soon. Wonder Woman 2 is expected to be announced this week at Comic-Con .

Family Guy pays tribute to Adam West with a hilarious highlight reel
Fox also paid tribute to West with "In Loving Memory of Adam West ", a nine-minute compilation of some of his funniest lines. There are few better claims to fame than that.

38-year-old killed in police firing, claim Gorkhaland supporters
Gorkhaland Movement Coordination Committee (GMCC) on Tuesday chose to continue its strike against their demand of Gorkhaland. In the earlier clash between the party and TMC at 6.30 pm, two TMC workers and one GJM worker was injured.

Harley-Davidson Inc (HOG) Stock Tanks on Weak Sales
The downbeat forecast for demand comes after Harley-Davidson posted a 6.7% drop in global retail sales during the second quarter. Dodge & Cox bought a new position in Harley-Davidson during the fourth quarter valued at approximately $517,798,000.

(JPM) Position Increased by Oregon Public Employees Retirement Fund
Adirondack Research & Management Inc increased Tetra Technologies Inc Del (TTI) stake by 27.3% reported in 2016Q4 SEC filing. Finally, Hodges Capital Management Inc. raised its stake in shares of J P Morgan Chase & Co by 30.1% in the fourth quarter.

Croatian firefighters struggle to control blaze in Split area
Whipped up by Mediterranean winds, fires in recent days have also hit Provence and Corsica during the high summer tourist season. Around the town of Zadar, planes were used because some areas remain mined from the war of the 1990s, the state TV report said.

Dennis Hastert returns to Illinois to complete sentence
Common sex-offender treatments include lie-detector tests to determine how many times the person sexually abused kids. Hastert, who has diabetes, suffered a stroke before he started his prison sentence.

PDP to hold non-elective Special Convention August 12
Jonathan made his comments while speaking in Abuja on Monday July 17, at the PDP's national expanded caucus meeting. The Peoples Democratic Party (PDP) has approved August 12 as the date for its non-elective convention.

Google Launches G Suite-Compatible 'Hire' Recruitment Tool
Created to work with G Suite, Hire aims to help small and midsize businesses recruit top talent more effectively and efficiently. Google hinted it might have a feature like this coming back in April when it set up a sign-in page for a tool called Hire .

Bishop offers prayer as Charlie Gard meeting held
Great Ormond Street Hospital specialists say that treatment will not work, and the little boy's life support should be turned off. Monday alongside other medical experts to examine Charlie Gard and determine Gard's chances of improvement with treatment.

© 2015 ExpressNewsline. All Rights reserved.