Sanford C. Bernstein reiterated an "outperform" rating on shares of Rio Tinto plc in a report on Thursday, February 9th. The brokerage now has a "buy" rating on the financial services provider's stock. The stock presently has a consensus rating of "Buy" and an average price target of GBX 3,606.33 ($45.39). About shares traded. Famous Dave's of America, Inc. The price target according to the broker shows a possible increase of 44.98% from the current stock price of 3035. Here's how prices looked at 12:17 London time.
Rio Tinto plc with EPIC/TICKER LON:RIO had its stock rating noted as "Reiterates" with the recommendation being set at "SELL" this morning by analysts at Liberum Capital. (NASDAQ:ORMP). Wells Fargo Company Mn holds 0% or 8,000 shares in its portfolio. The company's market capitalization is GBX 54.88 billion. The stock has a 50-day moving average price of $40.82 and a 200-day moving average price of $39.60. I think Glencore's share price outlook is more positive now that its debt levels are lower and its business is more efficient than it was a couple of years ago.
The firm also recently disclosed a dividend, which was paid on Wednesday, April 5th. Jefferies Group analyst C. Lafemina now anticipates that the mining company will post earnings of $4.67 per share for the year, up from their previous estimate of $4.45. This represents a dividend yield of 2.98%.
TRADEMARK VIOLATION NOTICE: This report was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of United States and global trademark and copyright laws. This is indicating the analyst believes there is a potential downside of 20.8% from the opening price of 3030 GBX.
Rio expects first ore from the Silvergrass iron ore mine to be produced in the latter half of 2017 and the company said trials of autonomous trains in the iron ore division were continuing. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services.
Iron ore and bauxite weren't the only commodities to record decreases in output compared with the previous quarter, with copper (37 per cent), coking coal (28 per cent), thermal coal (one per cent) and aluminium (seven per cent) all lower.