Rio Tinto Could Surge More Than 21% Still, Vetr Community Believes

Shares of Rio Tinto plc (ADR) RIO have gained more than 3 percent year-to-date, pretty much in-line with major U.S. stock indexes. Interestingly, over the past five trading days, the stock spiked up about 9.1 percent. However, the Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $36.60, which implies an upside potential of roughly 21.65 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect this upside potential, the Vetr community decided upgrade its rating on ADRs of Rio Tinto on Wednesday, from 4.0 Stars (Buy) to 5.0 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

Finally, it should be noted that 87 percent of the crowd’s ratings are bullish.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.