UBS lowers Rio Tinto price target amid mixed production results

Rio Tinto plc's price target has been lowered by UBS from 5300 to 5250 pence due to the release of third-quarter production figures.

UBS has maintained a "Neutral" rating on the mining company, stating that Rio Tinto's iron ore and aluminum operations are on track while the copper segment is facing some weakness.

These adjustments reflect the current performance and outlook of the company in key commodity markets. UBS's ongoing analysis of major players in the mining sector provides insights into their operational efficiencies and market positioning.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings