Rio Tinto (RIO) Rating Reiterated by UBS Group

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UBS Group restated their buy rating on shares of Rio Tinto (LON:RIO) in a report issued on Friday morning, www.boersen-zeitung.de reports. They currently have a GBX 4,600 ($60.11) price objective on the stock.

Several other analysts have also recently commented on the stock. Barclays reiterated an equal weight rating on shares of Rio Tinto in a research note on Friday. Royal Bank of Canada reiterated an underperform rating and issued a GBX 3,200 ($41.81) price target on shares of Rio Tinto in a research note on Friday. Deutsche Bank reiterated a hold rating and issued a GBX 4,300 ($56.19) price target on shares of Rio Tinto in a research note on Friday. Goldman Sachs Group set a GBX 4,000 ($52.27) price target on shares of Rio Tinto and gave the stock a neutral rating in a research note on Friday, October 5th. Finally, Citigroup reiterated a buy rating on shares of Rio Tinto in a research note on Friday, September 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 4,212.78 ($55.05).

RIO stock traded up GBX 45.50 ($0.59) during mid-day trading on Friday, hitting GBX 3,674.50 ($48.01). The company had a trading volume of 4,657,856 shares, compared to its average volume of 4,860,000. Rio Tinto has a 12-month low of GBX 2,882.50 ($37.66) and a 12-month high of GBX 4,226.56 ($55.23).

The firm also recently announced a dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, August 9th were given a dividend of GBX 96.82 ($1.27) per share. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, August 9th.

In other news, insider Jean-S√©bastien Jacques sold 7 shares of the company’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of GBX 4,078 ($53.29), for a total transaction of ¬£285.46 ($373.00).

Rio Tinto Company Profile

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.

Further Reading: Cash Flow Analysis in Stock Selection

Analyst Recommendations for Rio Tinto (LON:RIO)

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