Rio Tinto (RIO) was Upgraded to a Hold Rating at UBS

UBS analyst Myles Allsop upgraded Rio Tinto (RIOResearch Report) to Hold today. The company’s shares closed last Thursday at $78.30.

According to TipRanks.com, Allsop is ranked #298 out of 7927 analysts.

Rio Tinto has an analyst consensus of Hold, with a price target consensus of $92.00.

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Rio Tinto’s market cap is currently $128.9B and has a P/E ratio of 5.98.

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Founded in 1873, UK-based Rio Tinto Plc is engaged in the exploration, mining, and processing of mineral resources in over 35 countries. It produces iron ore for steel, aluminium for cars and smart phones, copper for wind turbines, diamonds. It has four product groups, including Iron Ore, Aluminium, Copper and Diamonds, and Energy and Minerals.

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