Goldman Sachs Group Inc. restated their neutral rating on shares of Rio Tinto PLC (NYSE:RIO) in a research note published on Tuesday.

RIO has been the topic of several other reports. Cowen and Company reissued a market perform rating and set a $35.00 price target on shares of Rio Tinto PLC in a research report on Thursday, September 15th. Liberum Capital reissued a sell rating on shares of Rio Tinto PLC in a research report on Wednesday, August 3rd. Deutsche Bank AG reissued a buy rating on shares of Rio Tinto PLC in a research report on Wednesday, September 7th. Vetr raised Rio Tinto PLC from a hold rating to a buy rating and set a $34.00 price target on the stock in a research report on Tuesday, August 2nd. Finally, HSBC assumed coverage on Rio Tinto PLC in a research report on Thursday, November 10th. They set a buy rating on the stock. 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. Rio Tinto PLC currently has a consensus rating of Hold and an average price target of $35.56.

Shares of Rio Tinto PLC (NYSE:RIO) opened at 38.34 on Tuesday. Rio Tinto PLC has a 12-month low of $21.89 and a 12-month high of $40.19. The stock has a market capitalization of $68.97 billion, a P/E ratio of 1742.73 and a beta of 1.27. The firm’s 50-day moving average price is $35.41 and its 200 day moving average price is $32.09.

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A number of hedge funds have recently made changes to their positions in RIO. Boston Advisors LLC increased its stake in shares of Rio Tinto PLC by 0.5% in the third quarter. Boston Advisors LLC now owns 8,530 shares of the mining company’s stock valued at $285,000 after buying an additional 40 shares during the last quarter. Bollard Group LLC increased its stake in shares of Rio Tinto PLC by 1.4% in the third quarter. Bollard Group LLC now owns 6,986 shares of the mining company’s stock valued at $233,000 after buying an additional 97 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of 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 during the last quarter. Community Bank N.A. increased its stake in shares of Rio Tinto PLC by 3.2% in the third quarter. Community Bank N.A. now owns 6,404 shares of the mining company’s stock valued at $214,000 after buying an additional 200 shares during the last quarter. Finally, Courier Capital Corp increased its stake in shares of Rio Tinto PLC by 1.6% in the second quarter. Courier Capital Corp now owns 14,030 shares of the mining company’s stock valued at $439,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 6.62% of the company’s stock.

Rio Tinto PLC Company Profile

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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