Berenberg Bank Keeps Their Hold Rating on Rio Tinto (RIO)

In a report released yesterday, Richard Hatch from Berenberg Bank maintained a Hold rating on Rio Tinto, with a price target of p6,700.00.

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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, Atalaya Mining, and Resolute Mining .

Rio Tinto has an analyst consensus of Hold, with a price target consensus of p6,866.15.

Based on Rio Tinto’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p30.91 billion and a net profit of p5.46 billion. In comparison, last year the company earned a revenue of p26.86 billion and had a net profit of p5.74 billion

Based on the recent corporate insider activity of 35 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 RIO in relation to earlier this year.