Rio Tinto Group (LON:RIO) Share Price Crosses Above Two Hundred Day Moving Average of $5,362.58

Rio Tinto Group (LON:RIO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,362.58 ($67.83) and traded as high as GBX 5,389 ($68.16). Rio Tinto Group shares last traded at GBX 5,359 ($67.78), with a volume of 1,177,058 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RIO shares. Bank of America reissued a “buy” rating and set a GBX 7,700 ($97.39) price objective on shares of Rio Tinto Group in a research note on Wednesday, June 26th. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a report on Monday, June 17th. Barclays reaffirmed an “overweight” rating and issued a GBX 6,000 ($75.89) target price on shares of Rio Tinto Group in a research note on Tuesday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Rio Tinto Group from GBX 6,630 ($83.86) to GBX 6,610 ($83.61) and set an “overweight” rating for the company in a research note on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 6,200 ($78.42) price objective on shares of Rio Tinto Group in a research report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 6,313.75 ($79.86).

Rio Tinto Group Stock Down 0.2 %

The company has a debt-to-equity ratio of 25.47, a quick ratio of 1.34 and a current ratio of 1.69. The stock’s 50 day moving average price is GBX 5,428.42 and its 200-day moving average price is GBX 5,362.58. The company has a market cap of £66.86 billion, a PE ratio of 1,116.46, a PEG ratio of -0.64 and a beta of 0.63.

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.