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 price objective for the stock from GBX 2,200 ($26.81) to GBX 3,400 ($41.44) in a research report on Thursday, September 8th. Canaccord Genuity raised their price objective on Rio Tinto plc from GBX 2,800 ($34.13) to GBX 3,130 ($38.15) and gave the stock a buy rating in a research report on Friday, August 26th. Deutsche Bank AG restated a buy rating and set a GBX 3,230 ($39.37) price objective on shares of Rio Tinto plc in a research report on Wednesday, August 31st. Macquarie restated an outperform rating and set a GBX 2,900 ($35.34) price objective on shares of Rio Tinto plc in a research report on Monday, September 5th. Finally, Citigroup Inc. set a GBX 2,600 ($31.69) price objective on Rio Tinto plc and gave the stock a neutral rating in a research report on Friday, September 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,625.96 ($32.00).
Shares of Rio Tinto plc (LON:RIO) opened at 2597.00 on Friday. The firm’s market cap is GBX 46.71 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 firm has a 50-day moving average of GBX 2,468.31 and a 200 day moving average of GBX 2,275.01.
The business also recently declared 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.
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