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Forbes reported Rio Tinto (NYSE:RIO) stock is still worth $63 despite the recent slow down in iron ore production and prices.
Forbes reported Rio Tinto (NYSE:RIO) stock is still worth $63 despite the recent slow down in iron ore production and prices.
As quoted in the market news:
In the wake of recent economic developments and numerous other factors, we have revised our price estimate for Rio Tinto to $63, which is around 25% ahead of the current market price. We have also updated our model to reflect the change in company’s reporting structure.
