Rio Tinto Plc (NASDAQ:RIO) Expected To Report Earnings On Wednesday

Rio Tinto Plc (NASDAQ:RIO) Expected To Report Earnings On Wednesday

Rio Tinto Plc (NASDAQ:RIO) Expected To Report Earnings On Wednesday

Other equities research analysts have also recently issued reports about the company.

The miner also reduced net debt to US$3.8 billion, and made US$2.7 billion in divestments a year ago, including the sale of most of its Australian coal assets to China-backed Yancoal. The Price to Sales (P/S) of the company is 3.8, while P/B (Price to Book) stands at 2.92. Commerzbank Aktiengesellschaft FI raised its holdings in Rio Tinto by 2.1% during the 3rd quarter.

Several analysts have released their opinion on Rio Tinto plc (NYSE:RIO), with 5 analysts believing it is a strong buy. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going.

Rio Tinto plc (RIO) shares jumped 3.57 percent and closed the day at $55.19. The stock was bought at an average price of GBX 3,501 ($45.22) per share, with a total value of £385.11 ($497.37).

Rio Tinto plc (NYSE:RIO) is now up 46.55% compared to a 12-month low of $37.66. The company has a quick ratio of 1.34, a current ratio of 1.71 and a debt-to-equity ratio of 0.31.

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RIO has been the subject of a number of recent research reports. Levels above -20 may indicate the stock may be considered is overbought. JPMorgan Chase & Co. downgraded shares of Rio Tinto from an "overweight" rating to a "neutral" rating in a research report on Monday, November 13th.

WARNING: "LMR Partners LLP Purchases Shares of 40,000 Rio Tinto plc (RIO)" was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. Royal Bank of Canada lowered Rio Tinto from an "outperform" rating to a "sector perform" rating and upped their target price for the company from $47.87 to $48.37 in a research report on Monday, October 23rd. Comparatively, RIO posted earnings of $4.41 per share in the same quarter, a year earlier. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.89 average brokerage recommendation. The company presently has an average rating of "Buy" and an average target price of GBX 4,087.25 ($57.31).

Rio Tinto Plc (NYSE:RIO) now has a Weekly Volatility of 3.23% percent while its Monthly Volatility is at 1.70% percent. If you are viewing this news story on another domain, it was illegally copied and republished in violation of US and global copyright & trademark laws. The original version of this article can be viewed at

Yet the sheer size of Rio's cash flow is starting to raise another question: how else will the world's second-biggest mining company invest all its money?

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