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Rio Tinto Group (NYSE:RIO - Get Rating) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from GBX 5,350 ($64.64) to GBX 5,580 ($67.42) in a research report issued on Monday, The Fly reports.

Several other equities analysts have also recently commented on RIO. Deutsche Bank Aktiengesellschaft reduced their target price on Rio Tinto Group from GBX 6,000 ($72.50) to GBX 5,800 ($70.08) in a research note on Wednesday, June 29th. Berenberg Bank raised their price objective on Rio Tinto Group from GBX 4,100 ($49.54) to GBX 4,300 ($51.96) in a research note on Friday, July 29th. Macquarie lowered Rio Tinto Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, August 23rd. UBS Group dropped their target price on Rio Tinto Group from GBX 4,400 ($53.17) to GBX 4,300 ($51.96) in a research report on Thursday, July 28th. Finally, Credit Suisse Group reaffirmed an "outperform" rating on shares of Rio Tinto Group in a research report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $4,378.57.Rio Tinto Group Price Performance

NYSE:RIO traded down $0.85 during trading hours on Monday, hitting $51.31. The stock had a trading volume of 453,085 shares, compared to its average volume of 4,040,722. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. Rio Tinto Group has a 1-year low of $50.80 and a 1-year high of $84.69. The business has a 50 day simple moving average of $57.97 and a two-hundred day simple moving average of $66.30. Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Professional Financial Advisors LLC acquired a new position in Rio Tinto Group during the 1st quarter valued at about $26,000. Castle Wealth Management LLC acquired a new stake in shares of Rio Tinto Group in the 2nd quarter valued at approximately $26,000. Cowa LLC acquired a new stake in shares of Rio Tinto Group in the 1st quarter valued at approximately $26,000. Tortoise Investment Management LLC acquired a new stake in shares of Rio Tinto Group in the 2nd quarter valued at approximately $27,000. Finally, AdvisorNet Financial Inc raised its position in shares of Rio Tinto Group by 171.3% in the 1st quarter. AdvisorNet Financial Inc now owns 369 shares of the mining company's stock valued at $30,000 after acquiring an additional 233 shares during the period. Institutional investors and hedge funds own 10.05% of the company's stock. Rio Tinto Group Company Profile (Get Rating)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.Featured ArticlesGet a free copy of the StockNews.com research report on Rio Tinto Group (RIO)Three Consumer Stocks That Could Outperform In Q4 Comcast is an Asset Bonanza Priced Cheap Will Synthetic Biology Firm Amyris Post Net Income In 2024? Can Caterpillar Claw Higher in a Falling Market? Is Dave & Buster’s Immune to High Inflation and Lower Spending?

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