A number of other brokerages have also recently issued reports on RIO. Citigroup Inc. set a GBX 2,600 ($32.18) price objective on Rio Tinto plc and gave the stock a neutral rating in a report on Friday, September 30th. Deutsche Bank AG increased their price objective on Rio Tinto plc from GBX 3,230 ($39.98) to GBX 3,245 ($40.16) and gave the stock a buy rating in a report on Wednesday, October 5th. Royal Bank Of Canada reissued an outperform rating and set a GBX 3,400 ($42.08) price objective on shares of Rio Tinto plc in a report on Tuesday, October 4th. Macquarie reissued an outperform rating and set a GBX 2,900 ($35.89) price objective on shares of Rio Tinto plc in a report on Wednesday, August 10th. Finally, Jefferies Group reissued a buy rating on shares of Rio Tinto plc in a report on Friday, July 15th. Two 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 stock. Rio Tinto plc presently has an average rating of Hold and a consensus price target of GBX 2,606.16 ($32.25).
Shares of Rio Tinto plc (LON:RIO) opened at 2697.2065 on Thursday. The firm’s market capitalization is GBX 48.52 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. Rio Tinto plc has a 52 week low of GBX 1,557.00 and a 52 week high of GBX 2,736.00.
The firm also recently announced a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th were issued a GBX 33.80 ($0.42) dividend. This represents a dividend yield of 1.39%. The ex-dividend date was Thursday, August 11th.
In other Rio Tinto plc news, insider Jacques,Jean-Sébastien bought 15 shares of Rio Tinto plc stock in a transaction on Monday, July 18th. The stock was acquired at an average price of GBX 2,433 ($30.11) per share, with a total value 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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