Berenberg Bank Remains a Hold on Rio Tinto (RIO)
Berenberg Bank analyst Richard Hatch maintained a Hold rating on Rio Tinto yesterday and set a price target of $88.00.
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According to TipRanks, Hatch is a 5-star analyst with an average return of 26.1% and a 59.51% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Resolute Mining , and Atalaya Mining.
In addition to Berenberg Bank, Rio Tinto also received a Hold from TipRanks – Anthropic’s Anthropic Industrial Materials in a report issued on March 23. However, on the same day, TipRanks – xAI reiterated a Buy rating on Rio Tinto (NYSE: RIO).
Based on Rio Tinto’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $30.65 billion and a net profit of $5.42 billion. In comparison, last year the company earned a revenue of $26.86 billion and had a net profit of $5.69 billion
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