Other equities research analysts also recently issued research reports about the company. Goldman Sachs set a GBX 3,300 ($47.25) target price on Rio Tinto and gave the company a neutral rating in a report on Monday, February 5th. JPMorgan Chase set a GBX 4,200 ($60.14) target price on Rio Tinto and gave the company a neutral rating in a report on Wednesday, March 28th. Liberum Capital reaffirmed a sell rating and issued a GBX 2,750 ($39.38) target price on shares of Rio Tinto in a report on Wednesday, February 7th. Royal Bank of Canada set a GBX 4,200 ($60.14) target price on Rio Tinto and gave the company a neutral rating in a report on Wednesday, February 7th. Finally, HSBC reduced their target price on Rio Tinto from GBX 4,300 ($61.57) to GBX 4,100 ($58.71) and set a hold rating on the stock in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of GBX 4,171.25 ($59.73).
Shares of RIO stock opened at GBX 3,987 ($57.09) on Wednesday. Rio Tinto has a fifty-two week low of GBX 2,882.50 ($41.27) and a fifty-two week high of GBX 4,226.56 ($60.52).
In related news, insider Simon Henry bought 500 shares of the stock in a transaction that occurred on Tuesday, April 10th. The stock was acquired at an average cost of GBX 3,713 ($53.16) per share, with a total value of £18,565 ($26,582.19). Also, insider Christopher Lynch sold 9,505 shares of the firm’s stock in a transaction on Monday, February 19th. The stock was sold at an average price of GBX 4,072 ($58.30), for a total value of £387,043.60 ($554,186.14). Over the last ninety days, insiders have sold 9,517 shares of company stock valued at $38,751,784.
About Rio Tinto
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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