Macquarie reaffirmed their outperform rating on shares of Rio Tinto plc (LON:RIO) in a research note issued to investors on Monday. Macquarie currently has a GBX 3,300 ($40.22) price target on the stock.
Other analysts also recently issued reports about the company. Goldman Sachs Group Inc. upgraded Rio Tinto plc to a neutral rating and increased their price target for the company from GBX 1,330 ($16.21) to GBX 1,900 ($23.16) in a report on Monday, June 27th. Liberum Capital reiterated a sell rating and issued a GBX 1,590 ($19.38) price target on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Canaccord Genuity reiterated a buy rating and issued a GBX 2,660 ($32.42) price target on shares of Rio Tinto plc in a report on Tuesday, July 19th. Investec increased their price target on Rio Tinto plc from GBX 2,497 ($30.43) to GBX 2,948 ($35.93) and gave the company a buy rating in a report on Tuesday, July 19th. Finally, Barclays PLC raised their target price on Rio Tinto plc from GBX 2,600 ($31.69) to GBX 2,800 ($34.13) and gave the company an overweight rating in a research note on Wednesday, September 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 2,625.96 ($32.00).
Shares of Rio Tinto plc (LON:RIO) opened at 2642.00 on Monday. The firm’s 50-day moving average price is GBX 2,464.13 and its 200 day moving average price is GBX 2,269.00. The firm’s market cap is GBX 47.52 billion. Rio Tinto plc has a 1-year low of GBX 1,557.00 and a 1-year high of GBX 2,800.00.
The company also recently disclosed a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 11th were paid a GBX 33.80 ($0.41) dividend. This represents a yield of 1.39%. The ex-dividend date of this dividend was Thursday, August 11th.
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.
Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter.