Fletcher covers the Basic Materials sector, focusing on stocks such as Endeavour Mining, FRESNILLO, and BHP Group Ltd. According to TipRanks, Fletcher has an average return of 6.1% and a 57.19% success rate on recommended stocks.
In addition to Barclays, Rio Tinto also received a Hold from UBS’s Myles Allsop in a report issued yesterday. However, on June 30, RBC Capital maintained a Sell rating on Rio Tinto (LSE: RIO).
Based on Rio Tinto’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p30.91 billion and a net profit of p5.46 billion. In comparison, last year the company earned a revenue of p26.86 billion and had a net profit of p5.74 billion
