Rio Tinto plc (LON:RIO) had its price target lifted by equities researchers at Jefferies Group from GBX 2,800 ($34.13) to GBX 3,100 ($37.78) in a report issued on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 19.76% from the company’s previous close.
RIO has been the topic of several other research reports. Royal Bank Of Canada upgraded Rio Tinto plc to an “outperform” rating and upped their price objective for the company from GBX 2,200 ($26.81) to GBX 3,400 ($41.44) in a research note on Thursday, September 8th. Canaccord Genuity upped their price objective on Rio Tinto plc from GBX 2,800 ($34.13) to GBX 3,130 ($38.15) and gave the company a “buy” rating in a research note on Friday, August 26th. Deutsche Bank AG restated a “buy” rating and issued a GBX 3,230 ($39.37) price objective on shares of Rio Tinto plc in a research note on Wednesday, August 31st. Macquarie restated an “outperform” rating and issued a GBX 2,900 ($35.34) price objective on shares of Rio Tinto plc in a research note on Monday, September 5th. Finally, Citigroup Inc. set a GBX 2,600 ($31.69) price objective on Rio Tinto plc and gave the company a “neutral” rating in a research note on Friday, September 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 2,625.96 ($32.00).
Rio Tinto plc (LON:RIO) opened at 2639.50 on Friday. Rio Tinto plc has a 52-week low of GBX 1,557.00 and a 52-week high of GBX 2,800.00. The company’s 50 day moving average price is GBX 2,464.13 and its 200 day moving average price is GBX 2,269.00. The company’s market cap is GBX 47.48 billion.
The company also recently announced a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 11th were paid a GBX 33.80 ($0.41) dividend. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.39%.
Rio Tinto plc Company Profile
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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