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Rio Tinto Limited (RTNTF) Gets a Hold from RBC Capital

Tipranks - Wed Apr 22, 8:58PM CDT

In a report released on April 20, Kaan Peker from RBC Capital maintained a Hold rating on Rio Tinto Limited, with a price target of A$143.00. The company’s shares closed last Monday at A$172.51.

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Peker covers the Basic Materials sector, focusing on stocks such as IGO, PLS Group, and BHP Group Ltd. According to TipRanks, Peker has an average return of 23.2% and a 59.13% success rate on recommended stocks.

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

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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