Jim Cramer on Rio Tinto (RIO): "I Like Rio Tinto"

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where Rio Tinto Group (NYSE:RIO) stands against other stocks that Jim Cramer discusses.

A caller asked what Cramer thought of Rio Tinto Group (NYSE:RIO), and he remarked:

“I like Rio Tinto. I like Rio. I like the yield. I like the company. It’s a globe-trotting company, so to speak. I like those guys.”

Rio Tinto (NYSE:RIO) mines and processes various minerals such as iron ore, aluminum, and copper. Additionally, the company works on projects for materials like lithium and manages related infrastructure. Over the past year, RIO stock went down more than 14%. Moreover, back in January, when Cramer was asked about the company, he said:

“Rio Tinto is really a play on the Chinese economy and I think the Chinese economy is *glass breaking buzzer sound*.”

Overall, RIO ranks 17th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RIO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIO and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.