Rio Tinto plc (LON:RIO) had its price objective hoisted by analysts at Deutsche Bank AG from GBX 3,230 ($42.16) to GBX 3,245 ($42.36) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 23.90% from the stock’s previous close.
RIO has been the subject of a number of other reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 3,400 ($44.38) target price on shares of Rio Tinto plc in a report on Tuesday. Canaccord Genuity restated a “buy” rating and set a GBX 2,800 ($36.55) target price on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Macquarie restated an “outperform” rating and set a GBX 2,900 ($37.85) target price on shares of Rio Tinto plc in a report on Monday, August 22nd. Investec restated a “buy” rating and set a GBX 2,948 ($38.48) target price on shares of Rio Tinto plc in a report on Monday, July 25th. Finally, Liberum Capital restated a “sell” rating and set a GBX 1,490 ($19.45) target price on shares of Rio Tinto plc in a report on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Rio Tinto plc has a consensus rating of “Hold” and a consensus price target of GBX 2,596.31 ($33.89).
Shares of Rio Tinto plc (LON:RIO) opened at 2619.00 on Wednesday. The stock’s market cap is GBX 47.11 billion. Rio Tinto plc has a 52 week low of GBX 1,557.00 and a 52 week high of GBX 2,685.50. The stock’s 50 day moving average price is GBX 2,410.57 and its 200-day moving average price is GBX 2,227.55.
The company also recently announced a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th were given a dividend of GBX 33.80 ($0.44) per share. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.39%.
In other news, insider Jacques,Jean-Sébastien bought 15 shares of the firm’s stock in a transaction on Monday, July 18th. The shares were bought at an average cost of GBX 2,433 ($31.76) per share, for a total transaction of £364.95 ($476.37).
About Rio Tinto plc
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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