Rio Tinto Stock Overvalued After 70% Rise?

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Rio Tinto Stock Overvalued After 70% Rise?

Rio Tinto stock has seen a formidable rise of over 70% since late March (vs. over 55% for the S&P 500) to its current level of more than $60. This is after falling to a low of close to $35 in late March, as a rapid increase in the number of Covid-19 cases outside China spooked investors…
Source: Forbes Markets

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