Rio Tinto Tops Miner Buy Ratings as China Stimulus Fuels Gains

Rio Tinto Plc now has the most buy ratings among European commodities stocks, with analysts expecting a stellar rally driven by Chinese stimulus measures to keep running.

The stock was upgraded to buy at Berenberg on Wednesday, leaving it with sixteen positive ratings — the most among members of the Stoxx 600 Basic Resources index, according to data compiled by Bloomberg. The upgrade followed an 11% rally for the shares in September, their best month in two years, as the mining sector was boosted by a raft of measures by Beijing to boost China’s economy.