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Rio Tinto plc (ADR) (RTP) [hlAlert]

down 33.90 %

Rio Tinto Plc (RTP) upgraded to Overweight by HSBC Securities

Posted on: Friday,  Jan 22, 2010  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Rio Tinto Plc (NYSE: RIO) on 01/22/2010, when the stock price was $51.65. Since
then, Rio Tinto Plc has lost 33.90% as of 01/28/2016's recent price of $34.14.
If you would have followed this HSBC Securities's recommendation on RIO, you would have lost 33.9% of your investment in 2197 days.

Rio Tinto plc and Rio Tinto Limited operate as one business organization (Rio Tinto). Rio Tinto is a mining and exploration company. The Company?s business is finding, mining and processing mineral resources. Its major products include aluminum, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Rio Tinto?s activities are represented in Australia and North America. There are also businesses in South America, Asia, Europe and southern Africa. The Company?s product groups comprise: Aluminum; Copper and Diamonds; Energy and Minerals, and Iron Ore. Rio Tinto's business support groups include Exploration and Technology and Innovation. In January 2009, the Company completed the sale of its 50% equity share of the Alcan Ningxia aluminum joint venture in China to Qingtongxia Aluminium Group Co Ltd.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
as of 1/1/0001
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(*) Stock Price at the time of the recommendation.
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