Rio Tinto PLC (NYSE:RIO) – Analysts at Jefferies Group lifted their FY2017 earnings estimates for shares of Rio Tinto PLC in a research report issued on Monday. Jefferies Group analyst C. Lafemina now expects that the firm will post earnings of $3.47 per share for the year, up from their prior forecast of $3.41. Jefferies Group has a “Buy” rating and a $41.00 price objective on the stock. Jefferies Group also issued estimates for Rio Tinto PLC’s FY2018 earnings at $3.04 EPS.

A number of other equities analysts also recently commented on RIO. Investec reiterated a “buy” rating on shares of Rio Tinto PLC in a research report on Wednesday, August 3rd. Liberum Capital restated a “sell” rating on shares of Rio Tinto PLC in a research report on Wednesday, August 3rd. Beaufort Securities restated a “hold” rating on shares of Rio Tinto PLC in a research report on Thursday, August 4th. Vetr upgraded Rio Tinto PLC from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Monday, August 8th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Rio Tinto PLC in a research report on Thursday, August 18th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Rio Tinto PLC currently has a consensus rating of “Hold” and a consensus target price of $35.56.

Earnings History and Estimates for Rio Tinto PLC (NYSE:RIO)

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Shares of Rio Tinto PLC (NYSE:RIO) opened at 37.91 on Tuesday. The stock has a market capitalization of $68.19 billion, a PE ratio of 1723.18 and a beta of 1.27. Rio Tinto PLC has a 52 week low of $21.89 and a 52 week high of $40.19. The company’s 50 day moving average price is $35.41 and its 200-day moving average price is $32.09.

TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for Rio Tinto PLC Raised by Jefferies Group (RIO)” was first reported by Financial Market News and is the sole property of of Financial Market News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be read at http://www.financial-market-news.com/fy2017-eps-estimates-for-rio-tinto-plc-raised-by-jefferies-group-rio/1212405/.

A number of hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its stake in Rio Tinto PLC by 20.8% in the first quarter. LPL Financial LLC now owns 46,173 shares of the mining company’s stock valued at $1,261,000 after buying an additional 7,964 shares in the last quarter. NEXT Financial Group Inc increased its stake in Rio Tinto PLC by 979.3% in the second quarter. NEXT Financial Group Inc now owns 6,044 shares of the mining company’s stock valued at $189,000 after buying an additional 5,484 shares in the last quarter. Creative Planning increased its stake in Rio Tinto PLC by 21.4% in the second quarter. Creative Planning now owns 15,260 shares of the mining company’s stock valued at $478,000 after buying an additional 2,685 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Rio Tinto PLC by 8.7% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 31,400 shares of the mining company’s stock valued at $983,000 after buying an additional 2,500 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in Rio Tinto PLC by 2.3% in the second quarter. Carroll Financial Associates Inc. now owns 4,442 shares of the mining company’s stock valued at $139,000 after buying an additional 100 shares in the last quarter. 6.62% of the stock is owned by hedge funds and other institutional investors.

About Rio Tinto PLC

Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.

5 Day Chart for NYSE:RIO

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