Wall Street Analysts Think Rio Tinto (RIO) Is a Good Investment: Is It? [Yahoo! Finance]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Yahoo! Finance
While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rio Tinto (RIO). Rio Tinto currently has an average brokerage recommendation (ABR) of 1.62, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 13 brokerage firms. An ABR of 1.62 approximates between Strong Buy and Buy. Of the 13 recommendations that derive the current ABR, nine are Strong Buy, representing 69.2% of all recommendations. Check price target & stock forecast for Rio Tinto here The ABR suggests buying Rio Tinto, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to n
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News
- Promising Penny Stocks On TSX For November 2024 [Yahoo! Finance]Yahoo! Finance
- Rio Tinto releases findings of external Progress Review on workplace cultureBusiness Wire
- Rio Tinto takes up full entitlements in ERA rights issue, moving to over 98% ownership [Yahoo! Finance]Yahoo! Finance
- Rio Tinto takes up full entitlements in ERA rights issue, moving to over 98% ownershipBusiness Wire
- Panguna parties sign Memorandum of Understanding to address mine impactsBusiness Wire
RIO
Sec Filings
- 10/9/24 - Form DEFA14A
- 10/9/24 - Form DEFA14A
- 10/2/24 - Form 6-K
- RIO's page on the SEC website