Rio Tinto (RIO) Sees Mixed Sentiment From Analysts

We recently published 9 Best Aluminum and Aluminum Mining Stocks to Invest In. Rio Tinto Group (NYSE:RIO) is one of the best aluminum and aluminum mining stocks to invest in.

Financial firm Bernstein discussed mining giant Rio Tinto Group (NYSE:RIO)’s shares on March 9th. It kept an Outperform rating on the stock and cut the share price target from $83 to $77. According to The Fly, Bernstein discussed Rio Tinto Group (NYSE:RIO) as part of its broader coverage of the metals and mining industry. On the same day, banking giant JPMorgan had also discussed the mining company’s shares. It had lowered Rio Tinto Group (NYSE:RIO)’s rating to Neutral from Overweight and lowered the price target to GBp7,220 from GBp7,840.

A couple of days earlier, on March 4th, Rio Tinto Group (NYSE:RIO)’s and the Australian government had announced plans to complete the first and second stages of the Dampier Seawater Desalination Plant. Through the facility, the firm and the government aim to reduce pressure on local water resources and improve water security in the area.

Photo by Shane Cottle on Unsplash

Rio Tinto Group (NYSE:RIO) is one of the largest mining companies in the world with a presence in the aluminum, iron ore, copper, gold, and other industries. The firm is headquartered in London, United Kingdom.

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