Barclays Gives a Hold Rating to Rio Tinto (RIO)
Barclays analyst Amos Fletcher assigned a Hold rating to the stock yesterday. The company’s shares closed yesterday at p7,395.00.
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According to TipRanks, Fletcher is a 4-star analyst with an average return of 6.8% and a 58.36% success rate. Fletcher covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Vale SA, and BHP Group Ltd.
Currently, the analyst consensus on Rio Tinto is a Hold with an average price target of p6,878.40, which is a -6.99% downside from current levels. In a report released on April 16, RBC Capital also maintained a Hold rating on the stock with a p6,400.00 price target.
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.
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- Rio Tinto backs FY26 iron ore sales view 343M-366M tons
- Rio Tinto price target raised to 7,200 GBp from 7,000 GBp at Citi
- Rio Tinto drawing interest for U.S. boron assets, Bloomberg says
- Rio Tinto price target raised to 6,900 GBp from 6,330 GBp at Morgan Stanley
