Rio Tinto Stocks Maintain Worth, Iron Ore Drops

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.

Click here to read the full Forbes report.