Rio Tinto plc (LON:RIO) had its target price trimmed by Liberum Capital from GBX 1,590 ($19.38) to GBX 1,485 ($18.10) in a report released on Thursday morning. The firm currently has a sell rating on the stock.
RIO has been the subject of a number of other reports. Royal Bank Of Canada upgraded Rio Tinto plc to an outperform rating and raised their target price for the company from GBX 2,200 ($26.81) to GBX 3,400 ($41.44) in a report on Thursday, September 8th. Canaccord Genuity raised their target price 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 report on Friday, August 26th. Deutsche Bank AG restated a buy rating and set a GBX 3,230 ($39.37) target price on shares of Rio Tinto plc in a report on Wednesday, August 31st. Macquarie restated an outperform rating and set a GBX 2,900 ($35.34) target price on shares of Rio Tinto plc in a report on Monday, September 5th. Finally, Citigroup Inc. set a GBX 2,600 ($31.69) target price on Rio Tinto plc and gave the company a neutral rating in a report on Friday, September 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock 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 2646.00 on Thursday. The firm’s market cap is GBX 47.60 billion. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 2,800.00. The stock’s 50 day moving average is GBX 2,464.13 and its 200 day moving average is GBX 2,269.00.
The business also recently declared a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 11th were issued a GBX 33.80 ($0.41) dividend. The ex-dividend date of this dividend 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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