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ABN Amro Reaffirms Their Hold Rating on Rio Tinto Limited (RTNTF)

According to TipRanks.com, Prendergast is a 5-star analyst with an average return of 23.4% and a 67.4% success rate. Prendergast covers the Utilities sector, focusing on stocks such as Cooper Energy Limited, Karoon Energy Ltd, and Santos Limited.

Rio Tinto Limited has an analyst consensus of Moderate Buy, with a price target consensus of $88.49, implying a 2.8% upside from current levels. In a report issued on March 15, Citigroup also maintained a Hold rating on the stock with a price target.

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Rio Tinto Limited’s market cap is currently $127.2B and has a P/E ratio of 6.51.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RTNTF in relation to earlier this year.

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Rio Tinto Ltd. engages in finding, mining, and processing of mineral resources. It operates through the following segments: Iron Ore, Aluminium, Copper and Diamonds, Energy and Minerals, and Other Operations.The Copper and Diamonds segment produces gold, silver, molybdenum, and by-products. The Energy and Minerals segment offers uranium, borates, salt and titanium dioxide feedstock together with coal operations. The company was founded on December 17, 1959 and is headquartered in Melbourne, Australia.

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