Several brokerages have updated their recommendations and price targets on shares of Rio Tinto (LON: RIO) in the last few weeks:

  • 4/18/2019 – Rio Tinto was given a new GBX 4,150 ($54.23) price target on by analysts at Barclays PLC. They now have a “neutral” rating on the stock.
  • 4/17/2019 – Rio Tinto had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 5,300 ($69.25) to GBX 5,200 ($67.95). They now have an “overweight” rating on the stock.
  • 4/17/2019 – Rio Tinto was downgraded by analysts at Investec to a “hold” rating. They now have a GBX 4,801 ($62.73) price target on the stock, down previously from GBX 4,824 ($63.03).
  • 4/17/2019 – Rio Tinto was given a new GBX 5,500 ($71.87) price target on by analysts at Goldman Sachs Group Inc. They now have a “buy” rating on the stock.
  • 4/16/2019 – Rio Tinto had its “underperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a GBX 3,200 ($41.81) price target on the stock.
  • 4/16/2019 – Rio Tinto had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 4,500 ($58.80) price target on the stock.
  • 4/16/2019 – Rio Tinto was given a new GBX 4,400 ($57.49) price target on by analysts at Morgan Stanley. They now have a “neutral” rating on the stock.
  • 4/16/2019 – Rio Tinto had its price target raised by analysts at HSBC Holdings plc from GBX 4,675 ($61.09) to GBX 5,000 ($65.33). They now have a “hold” rating on the stock.
  • 4/16/2019 – Rio Tinto had its “buy” rating reaffirmed by analysts at Citigroup Inc.
  • 4/16/2019 – Rio Tinto was given a new GBX 5,300 ($69.25) price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 4/12/2019 – Rio Tinto had its price target raised by analysts at Barclays PLC from GBX 4,100 ($53.57) to GBX 4,150 ($54.23). They now have an “equal weight” rating on the stock.
  • 4/11/2019 – Rio Tinto was downgraded by analysts at BNP Paribas to an “underperform” rating. They now have a GBX 4,500 ($58.80) price target on the stock, up previously from GBX 4,300 ($56.19).
  • 4/11/2019 – Rio Tinto had its price target raised by analysts at Goldman Sachs Group Inc from GBX 4,900 ($64.03) to GBX 5,500 ($71.87). They now have a “buy” rating on the stock.
  • 4/10/2019 – Rio Tinto had its price target raised by analysts at Deutsche Bank AG from GBX 4,250 ($55.53) to GBX 4,700 ($61.41). They now have a “hold” rating on the stock.
  • 4/10/2019 – Rio Tinto was given a new GBX 5,300 ($69.25) price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 4/1/2019 – Rio Tinto had its “underperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a GBX 3,100 ($40.51) price target on the stock.
  • 3/29/2019 – Rio Tinto had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 5,190 ($67.82) to GBX 4,970 ($64.94). They now have an “overweight” rating on the stock.
  • 3/20/2019 – Rio Tinto had its “sell” rating reaffirmed by analysts at Liberum Capital.
  • 3/7/2019 – Rio Tinto had its price target raised by analysts at HSBC Holdings plc from GBX 4,650 ($60.76) to GBX 4,675 ($61.09). They now have a “hold” rating on the stock.
  • 3/6/2019 – Rio Tinto was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a GBX 4,500 ($58.80) price target on the stock.
  • 3/5/2019 – Rio Tinto was given a new GBX 5,190 ($67.82) price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 3/4/2019 – Rio Tinto had its price target lowered by analysts at Royal Bank of Canada from GBX 3,500 ($45.73) to GBX 3,100 ($40.51). They now have an “underperform” rating on the stock.
  • 3/1/2019 – Rio Tinto was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a GBX 4,650 ($60.76) price target on the stock, down previously from GBX 4,780 ($62.46).
  • 2/28/2019 – Rio Tinto was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating. They now have a GBX 4,150 ($54.23) price target on the stock.
  • 2/28/2019 – Rio Tinto had its “sell” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 3,350 ($43.77) price target on the stock.
  • 2/28/2019 – Rio Tinto had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 5,050 ($65.99) to GBX 4,900 ($64.03). They now have an “overweight” rating on the stock.
  • 2/28/2019 – Rio Tinto had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a GBX 3,730 ($48.74) price target on the stock, down previously from GBX 3,730 ($48.74).
  • 2/28/2019 – Rio Tinto had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 4,250 ($55.53) price target on the stock.
  • 2/28/2019 – Rio Tinto had its price target lowered by analysts at Goldman Sachs Group Inc from GBX 5,000 ($65.33) to GBX 4,900 ($64.03). They now have a “buy” rating on the stock.
  • 2/27/2019 – Rio Tinto had its price target lowered by analysts at Royal Bank of Canada from GBX 3,500 ($45.73) to GBX 3,100 ($40.51). They now have an “underperform” rating on the stock.
  • 2/27/2019 – Rio Tinto was given a new GBX 4,100 ($53.57) price target on by analysts at Barclays PLC. They now have a “neutral” rating on the stock.
  • 2/27/2019 – Rio Tinto had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 4,450 ($58.15) price target on the stock.
  • 2/27/2019 – Rio Tinto was given a new GBX 5,050 ($65.99) price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 2/27/2019 – Rio Tinto was given a new GBX 4,500 ($58.80) price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 2/25/2019 – Rio Tinto was upgraded by analysts at Oddo Securities to a “neutral” rating. They now have a GBX 4,400 ($57.49) price target on the stock, up previously from GBX 3,800 ($49.65).
  • 2/25/2019 – Rio Tinto had its “equal weight” rating reaffirmed by analysts at Barclays PLC.
  • 2/22/2019 – Rio Tinto was given a new GBX 4,400 ($57.49) price target on by analysts at Oddo Bhf. They now have a “neutral” rating on the stock.

LON:RIO opened at GBX 4,600 ($60.11) on Tuesday. The stock has a market capitalization of $58.04 billion and a price-to-earnings ratio of 5.84. The company has a debt-to-equity ratio of 25.60, a quick ratio of 1.51 and a current ratio of 1.92. Rio Tinto plc has a 12-month low of GBX 3,460.50 ($45.22) and a 12-month high of GBX 4,790.50 ($62.60).

The company also recently announced a dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 7th were issued a GBX 319.51 ($4.17) dividend. This represents a yield of 7.28%. This is a positive change from Rio Tinto’s previous dividend of $96.82. The ex-dividend date of this dividend was Thursday, March 7th. Rio Tinto’s dividend payout ratio is 0.30%.

In other Rio Tinto news, insider Jean-S√©bastien Jacques sold 13,090 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 4,327 ($56.54), for a total value of ¬£566,404.30 ($740,107.54).

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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