Rio Tinto plc (RIO) Rating Reiterated by Deutsche Bank AG
RIO has been the subject of several other research reports. J P Morgan Chase & Co set a GBX 3,950 ($52.39) target price on shares of Rio Tinto plc and gave the stock a buy rating in a report on Thursday, July 13th. Jefferies Group LLC raised their target price on shares of Rio Tinto plc from GBX 4,000 ($53.06) to GBX 4,200 ($55.71) and gave the stock a buy rating in a report on Thursday, August 31st. Macquarie restated an outperform rating and issued a GBX 4,300 ($57.04) target price on shares of Rio Tinto plc in a report on Friday, September 22nd. UBS AG set a GBX 3,750 ($49.74) target price on shares of Rio Tinto plc and gave the stock a buy rating in a report on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 3,000 ($39.79) target price on shares of Rio Tinto plc and gave the stock a neutral rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Rio Tinto plc presently has an average rating of Buy and a consensus price target of GBX 3,808.75 ($50.52).
Rio Tinto plc (RIO) opened at 3661.00 on Thursday. Rio Tinto plc has a 52-week low of GBX 2,550.05 and a 52-week high of GBX 3,784.50. The stock’s market cap is GBX 65.64 billion. The firm has a 50 day moving average of GBX 3,580.39 and a 200-day moving average of GBX 3,322.62.
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The company also recently disclosed a dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, August 10th were given a GBX 83.13 ($1.10) dividend. This represents a dividend yield of 2.31%. The ex-dividend date was Thursday, August 10th.
In related news, insider Jean-Sébastien Jacques bought 11 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average cost of GBX 3,501 ($46.44) per share, for a total transaction of £385.11 ($510.82). Also, insider W Sam H. Laidlaw bought 7,500 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of GBX 3,420 ($45.36) per share, with a total value of £256,500 ($340,230.80).
Rio Tinto plc Company Profile
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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