Featured Stock for Investors: Rio Tinto Plc (NYSE:RIO)

Robyn Valdez
February 9, 2018

Infinera Corporation provides optical transport networking equipment, software, and services worldwide.

Capital expenditure is expected to remain at around $US5.5 billion in 2018 and around $US6.0 billion in each of 2019 and 2020. The companyƂ's product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; and Infinera DTN platform that supports various Ethernet and optical transport network client interfaces for long-haul, subsea, and regional mesh networks. But analysts, including Investec's mining expert Hunter Hillcoat, believe Rio is unlikely to embark on any "multibillion-dollar expansions" to chase mergers and acquisitions or pay a premium for other commodities, such as copper, given the industry's history of overspending. Therefore 59% are positive.

Global miners BHP and Rio Tinto Ltd climbed 1.8 per cent and 3.8 per cent, respectively, accounting for most of the gains on the benchmark. The stock has a consensus rating of Buy and a consensus price target of GBX 4,092.25 ($57.38).

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Wall Street analysts are still seeing some upside to Rio Tinto plc (NYSE:RIO) despite the recent move. The rating was maintained by Credit Suisse with "Outperform" on Thursday, October 26. Barclays boosted their price target on Rio Tinto from GBX 4,100 ($57.49) to GBX 4,500 ($63.10) and gave the company an overweight rating in a research note on Tuesday, October 24th. BNP Paribas maintained the stock with "Neutral" rating in Wednesday, May 4 report. As per Friday, July 15, the company rating was maintained by Jefferies.

Rio Tinto's shares opened 3% higher on Wednesday before settling back down to the previous closing price of 3845p per share. The brokerage now has a "hold" rating on the stock.

Looking at the Analyst Recommendations of the stock, 4 Analysts issued a Buy for MoSys, 2 gave Outperform, 1 analysts gave Hold Rating, 0 issued Underperform and 0 marked the stock as Sell. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/08/hsbc-trims-rio-tinto-rio-target-price-to-gbx-4100.html. The firm earned "Buy" rating on Friday, June 24 by Deutsche Bank. The Company's business is finding, mining and processing mineral resources. The relative volume of the stock is 1.56 while its market cap is $98.56 billion.

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Rio Tinto's biggest single business is the production of iron ore. The firm has a market capitalization of $70,690.00 and a PE ratio of 1,086.18. The Company's products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Last trading transaction put the stock price at $53.29.

Broad-based buying helped the S&P/ASX 200 index end up 0.8 per cent, or 43.5 points, at 5,876.8, though it had been up as much as 1.8 per cent at one point in early trade. Presently, the 14-day ATR for Rio Tinto plc (RIO1.DE) is spotted at 0.85.

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