Rio Tinto (RIO) Shares Recommendation

Rio Tinto (RIO) have a Buy 2 shares recommendation and a share price target of $95.00 from stock analyst UBS. . RIO has a new CEO: Tom Albanese. Tom Albanese as a wide range of operational experience and has recently been involved with potential future growth projects (although there is also a lot of proving required here too). His appointment to the Rio Board was relatively recent March 2006. Tom is similar in style/substance to the retiring CEO Leigh Clifford and as such should prove a success. Rio Tinto operates in very much a collegiate-style and this has proven effective in the past. Tom Albanese is potentially less risk averse than Guy Elliot and his appointment indicates to us an acknowledgment by Rio that they may need to think more 'entrepreneurial' in the future, considering the opportunities/challenges the mining industry is facing.

Rio Tinto Limited is listed on the Australian Stock Exchange (ASX) under stock code RIO. You can view their investor website here. RIO was listed on the ASX on 1 January, 1970. Leigh Clifford is the CEO of Rio Tinto and Paul Skinner the Chairman of this mining company. RIO is involved in the production of copper, gold, iron ore, coal, aluminium, borates, titanium dioxide and other minerals and metals. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Check your charts and good luck with your share trading!