Rio Tinto (LSE:RIO): Is Recent Momentum Justified by the Current Valuation?

By Yahoo! Finance   |   1 month ago
Rio Tinto (LSE:RIO): Is Recent Momentum Justified by the Current Valuation?

Rio Tinto Group's stock has surged by over 10% in the past month, attracting investor interest. The momentum is driven by positive expectations on global growth and commodity demand. Analysts suggest the stock is undervalued with a fair value estimate of $54.

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