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In addition to Macquarie, Rio Tinto Limited also received a Hold from Citi’s Ephrem Ravi in a report issued on June 9. However, on June 3, RBC Capital downgraded Rio Tinto Limited (Other OTC: RTNTF) to a Sell.
Based on Rio Tinto Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$31.33 billion and a net profit of A$5.54 billion. In comparison, last year the company earned a revenue of A$26.86 billion and had a net profit of A$5.74 billion
Based on the recent corporate insider activity of 12 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.
