Rio Tinto plc (NYSE:RIO) was upgraded by stock analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday.

The analysts wrote, “”; sessionNotify.message = “; sessionNotify.redirect = “; (function(i,s,o,g,r,a,m){i[‘GoogleAnalyticsObject’]=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,’script’,’//www.google-analytics.com/analytics.js’,’ga’); $(“document”).ready(function(){ ga(‘create’, ‘UA-57334935-1’, ‘thefly.com’); ga(‘set’, ‘dimension1’, ‘notlogged’); ga(‘send’, ‘pageview’); }); /* Wrappers para analytics */ function aTrackEvent(eventCategory, eventAction, eventLabel, eventValue, fieldsObject){ ga(‘send’, ‘event’, eventCategory, eventAction, eventLabel, eventValue, fieldsObject); log(“aTrackEvent(‘”+eventCategory+”‘,'”+eventAction+”‘,'”+eventLabel+”‘,'”+eventValue+”‘)”); //console.log(“aTrackEvent(‘”+eventCategory+”‘,'”+eventAction+”‘,'”+eventLabel+”‘,'”+eventValue+”‘)”); return true; } {“@context”:”http:\/\/schema.org”,”@type”:”Organization”,”url”:”https:\/\/thefly.com”,”logo”:”https:\/\/thefly.com\/images\/logo_thefly_small.png”,”contactPoint”:[{“@type”:”ContactPoint”,”telephone”:”+1 908 273 6397″,”contactType”:”customer support”,”areaServed”:”US”,”availableLanguage”:”English”}],”sameAs”:[]} {“@context”:”http:\/\/schema.org”,”@type”:”WebSite”,”name”:”TheFly.com”,”alternateName”:”First site in stock news.”,”url”:”https:\/\/thefly.com”

RIO has been the subject of several other reports. Morgan Stanley reissued a “buy” rating on shares of Rio Tinto plc in a report on Saturday, January 21st. Axiom Securities reissued a “sell” rating on shares of Rio Tinto plc in a report on Tuesday, December 27th. Sanford C. Bernstein reissued an “overweight” rating on shares of Rio Tinto plc in a report on Saturday, January 14th. HSBC Holdings plc reissued a “buy” rating on shares of Rio Tinto plc in a report on Wednesday, January 18th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Rio Tinto plc in a report on Friday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.86.

Analyst Recommendations for Rio Tinto plc (NYSE:RIO)

Rio Tinto plc (NYSE:RIO) traded up 2.73% during trading on Thursday, hitting $39.57. 3,470,292 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $40.82 and its 200 day moving average price is $39.60. Rio Tinto plc has a 12-month low of $26.95 and a 12-month high of $47.11. The stock has a market cap of $71.19 billion, a P/E ratio of 15.50 and a beta of 1.19.

The company also recently disclosed a semiannual dividend, which was paid on Thursday, April 6th. Investors of record on Friday, February 24th were given a $1.2582 dividend. The ex-dividend date of this dividend was Wednesday, February 22nd. This is an increase from Rio Tinto plc’s previous semiannual dividend of $0.96. This represents a yield of 5.54%.

WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/rio-tinto-plc-rio-upgraded-at-bnp-paribas/1205948.html.

A number of hedge funds have recently modified their holdings of the stock. CWA Asset Management Group LLC increased its stake in shares of Rio Tinto plc by 0.3% in the fourth quarter. CWA Asset Management Group LLC now owns 7,795 shares of the mining company’s stock valued at $300,000 after buying an additional 25 shares in the last quarter. Boston Advisors LLC increased its stake in shares of Rio Tinto plc by 0.5% in the third quarter. Boston Advisors LLC now owns 8,530 shares of the mining company’s stock valued at $285,000 after buying an additional 40 shares in the last quarter. Bollard Group LLC increased its stake in shares of Rio Tinto plc by 1.4% in the third quarter. Bollard Group LLC now owns 6,986 shares of the mining company’s stock valued at $233,000 after buying an additional 97 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Rio Tinto plc by 0.8% in the fourth quarter. Wetherby Asset Management Inc. now owns 18,325 shares of the mining company’s stock valued at $705,000 after buying an additional 144 shares in the last quarter. Finally, Courier Capital LLC increased its stake in shares of Rio Tinto plc by 2.1% in the first quarter. Courier Capital LLC now owns 9,524 shares of the mining company’s stock valued at $387,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 6.63% of the company’s stock.

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.

5 Day Chart for NYSE:RIO

Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with Analyst Ratings Network's FREE daily email newsletter.