Royal Bank Of Canada reaffirmed their outperform rating on shares of Rio Tinto plc (LON:RIO) in a research report released on Tuesday morning. They currently have a GBX 3,400 ($44.38) target price on the stock.
A number of other research analysts have also commented on the company. Citigroup Inc. set a GBX 2,600 ($33.94) price target on Rio Tinto plc and gave the company a neutral rating in a research report on Friday, September 30th. Barclays PLC upped their price target on Rio Tinto plc from GBX 2,600 ($33.94) to GBX 2,800 ($36.55) and gave the company an overweight rating in a research report on Wednesday, September 21st. Liberum Capital reaffirmed a sell rating and set a GBX 1,590 ($20.75) price target on shares of Rio Tinto plc in a research report on Tuesday, September 20th. Macquarie reaffirmed an outperform rating and set a GBX 3,300 ($43.08) price target on shares of Rio Tinto plc in a research report on Tuesday, September 20th. Finally, Jefferies Group reaffirmed a buy rating and set a GBX 2,800 ($36.55) price target on shares of Rio Tinto plc in a research report on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 2,596.31 ($33.89).
Shares of Rio Tinto plc (LON:RIO) traded down 0.04% during mid-day trading on Tuesday, reaching GBX 2618.00. The company’s stock had a trading volume of 2,062,727 shares. Rio Tinto plc has a 12 month low of GBX 1,557.00 and a 12 month high of GBX 2,685.50. The firm’s market cap is GBX 47.09 billion. The company has a 50-day moving average of GBX 2,410.57 and a 200-day moving average of GBX 2,227.55.
The business also recently declared a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 11th were paid a dividend of GBX 33.80 ($0.44) per share. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.39%.
In related news, insider Jacques,Jean-Sébastien purchased 15 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were purchased at an average cost of GBX 2,433 ($31.76) per share, for a total transaction of £364.95 ($476.37).
About Rio Tinto plc
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters.
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