Kempner Capital Management Inc. Reduces Position in Rio Tinto plc (NYSE:RIO)

Rio Tinto Records Record Quarterly Iron-Ore Shipments

Rio Tinto Records Record Quarterly Iron-Ore Shipments

Citigroup reiterated a "buy" rating on shares of Rio Tinto in a research report on Tuesday, December 5th.

Among 7 analysts covering IG Group Holdings (LON:IGG), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Argus Research maintained it with "Buy" rating and $44 target in Thursday, December 1 report. Barclays Capital maintained Rio Tinto plc (LON:RIO) on Thursday, November 10 with "Overweight" rating. BMO Capital Markets maintained the shares of RIO in report on Thursday, August 6 with "Outperform" rating. The stock has "Hold" rating by Liberum Capital on Wednesday, August 5. As per Monday, January 18, the company rating was maintained by J.P. Morgan. The firm has "Overweight" rating given on Tuesday, March 14 by JP Morgan. The rating was maintained by Liberum Capital with "Hold" on Friday, September 25. The stock of Rio Tinto plc (LON:RIO) earned "Buy" rating by Jefferies on Wednesday, May 25. (NASDAQ:BIIB) on Friday, July 14 with "Buy" rating. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Therefore 62% are positive.

Rio Tinto (ASX:RIO, LSE:RIO, NYSE:RIO) said on Monday (January 15) that iron ore shipments from its Pilbara assets came in at 90 million tonnes during the period, up 3 percent from the year-ago quarter. The stock has a 50 day moving average price of GBX 3,100.95 and a 200 day moving average price of GBX 2,652.20.

Rio Tinto plc (LON:RIO) had its price objective upped by Barclays PLC from GBX 3,200 ($38.92) to GBX 4,490 ($54.60) in a research report released on Monday morning. The stock of Rio Tinto plc (LON:RIO) earned "Buy" rating by Deutsche Bank on Wednesday, October 21. The stock of Antero Midstream Partners LP (NYSE:AM) has "Buy" rating given on Tuesday, May 30 by Credit Suisse. Robert W. Baird maintained the stock with "Buy" rating in Thursday, October 12 report. Canaccord Genuity maintained the stock with "Buy" rating in Wednesday, May 11 report. The rating was maintained by Deutsche Bank on Wednesday, July 19 with "Buy". The rating was initiated by Janney Capital with "Buy" on Tuesday, February 9.

The company operates around 200 locomotives which travel along 1,700 kilometres of track in the Pilbara region of Western Australia, transporting ore from 16 mines to four port terminals. UBS has "Neutral" rating and $318 target.

"Rio Tinto is proud to be a leader in innovation and autonomous technology in the global mining industry which is delivering long-term competitive advantages as we build the mines of the future". The stock has a market cap of $100,420.00, a P/E ratio of 16.26 and a beta of 1.01. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal.

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