Latest news with #RTNTF
Business Insider
26-05-2025
- Business
- Business Insider
Rio Tinto Limited (RTNTF) Gets a Hold from Morgan Stanley
In a report released today, Rahul Anand from Morgan Stanley maintained a Hold rating on Rio Tinto Limited (RTNTF – Research Report), with a price target of A$119.50. The company's shares closed last Friday at $76.57. Confident Investing Starts Here: Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Evolution Mining , and Iluka Resources Limited. According to TipRanks, Anand has an average return of 5.8% and a 48.00% success rate on recommended stocks. In addition to Morgan Stanley, Rio Tinto Limited also received a Hold from Citi's Paul McTaggart in a report issued on May 23. However, on May 20, Goldman Sachs maintained a Buy rating on Rio Tinto Limited (Other OTC: RTNTF). RTNTF market cap is currently $105.6B and has a P/E ratio of 10.76. Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RTNTF in relation to earlier this year.
Business Insider
05-05-2025
- Business
- Business Insider
Morgan Stanley Sticks to Its Hold Rating for Rio Tinto Limited (RTNTF)
Morgan Stanley analyst Rahul Anand maintained a Hold rating on Rio Tinto Limited (RTNTF – Research Report) today and set a price target of A$119.50. The company's shares closed last Friday at $73.06. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Anand is a 4-star analyst with an average return of 5.3% and a 48.81% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Iluka Resources Limited, and Evolution Mining . Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $80.94, a 10.79% upside from current levels. In a report released on April 17, Macquarie also maintained a Hold rating on the stock with a A$115.00 price target. Based on Rio Tinto Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $26.8 billion and a net profit of $5.81 billion. In comparison, last year the company earned a revenue of $26.67 billion and had a net profit of $5.12 billion Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RTNTF in relation to earlier this year.
