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Rio Tinto Limited (RTNTF): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Wed Apr 22, 8:58PM CDT

Ord Minnett analyst maintained a Buy rating on Rio Tinto Limited today and set a price target of A$172.00.

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In addition to Ord Minnett, Rio Tinto Limited also received a Buy from Macquarie’s Austin Yun in a report issued yesterday. However, today, Morgan Stanley maintained a Hold rating on Rio Tinto Limited (Other OTC: RTNTF).

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The company has a one-year high of A$175.82 and a one-year low of A$100.75. Currently, Rio Tinto Limited has an average volume of 1.56M.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RTNTF in relation to earlier this year.

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