Chris LaFemina analyst at Jefferies reiterates coverage on Rio Tinto (RIO) in the Basic Materials sector with a Hold rating. TipRanks.com has LaFemina rated as a 3.5 star analyst with a 49% return on investment and a 4.2% success rate. LaFemina has set a price target of $71.
TipRanks.com reports that Rio Tinto currently has 4 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $76.17. The target pricing ranges from a high forecast of $86.40 down to a low forecast of $71.00. Rio Tinto (RIO)’s last closing price was $61.33 which would put the average price target at 76.17% upside.
In addition, TradingView issued a Strong Sell rating for RIO over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a short-term outlook. Remember, securities are volatile, so please do your own research on RIO.
Other analysts covering RIO include:
- Alexander Pearce of BMO Capital issued a Buy rating with the price target of $65 on 1 month ago
- Robert Stein of CLSA issued a Buy rating with the price target of $100.51 on 2 months ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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