Rio Tinto plc (LON:RIO) had its price objective hoisted by Deutsche Bank AG from GBX 3,230 ($39.98) to GBX 3,245 ($40.16) in a report issued on Wednesday morning. They currently have a buy rating on the stock.
RIO has been the subject of several other research reports. BNP Paribas restated a neutral rating and set a GBX 1,950 ($24.13) price target on shares of Rio Tinto plc in a research note on Monday, June 27th. Credit Suisse Group AG upped their price target on Rio Tinto plc from GBX 2,100 ($25.99) to GBX 2,300 ($28.47) and gave the stock a neutral rating in a research note on Monday, September 19th. Jefferies Group restated a buy rating on shares of Rio Tinto plc in a research note on Friday, July 15th. Barclays PLC reiterated an overweight rating and issued a GBX 2,600 ($32.18) price objective on shares of Rio Tinto plc in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. set a GBX 3,000 ($37.13) price objective on Rio Tinto plc and gave the stock a buy rating in a research report on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 2,606.16 ($32.25).
Rio Tinto plc (LON:RIO) opened at 2697.2065 on Wednesday. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 2,736.00. The stock’s market cap is GBX 37078.74 billion. The stock’s 50 day moving average price is GBX 2,434.65 and its 200 day moving average price is GBX 2,248.09.
The company also recently announced a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 11th were given a GBX 33.80 ($0.42) dividend. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.39%.
In other news, insider Jacques,Jean-Sébastien bought 15 shares of the firm’s stock in a transaction dated Monday, July 18th. The stock was bought at an average price of GBX 2,433 ($30.11) per share, for a total transaction of £364.95 ($451.67).
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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