Macquarie restated their outperform rating on shares of Rio Tinto plc (LON:RIO) in a research report sent to investors on Tuesday. Macquarie currently has a GBX 3,300 ($43.08) target price on the stock.
A number of other brokerages have also recently weighed in on RIO. Canaccord Genuity restated a buy rating and issued a GBX 2,800 ($36.55) price objective on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Jefferies Group restated a buy rating and issued a GBX 2,300 ($30.02) price objective on shares of Rio Tinto plc in a report on Wednesday, May 25th. Royal Bank Of Canada restated a sector perform rating and issued a GBX 2,200 ($28.72) price objective on shares of Rio Tinto plc in a report on Wednesday, July 20th. Deutsche Bank AG dropped their price objective on shares of Rio Tinto plc from GBX 3,000 ($39.16) to GBX 2,800 ($36.55) and set a buy rating for the company in a report on Thursday, June 16th. Finally, Investec restated a buy rating and issued a GBX 2,948 ($38.48) price objective on shares of Rio Tinto plc in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Rio Tinto plc currently has an average rating of Hold and an average price target of GBX 2,595.73 ($33.88).
Rio Tinto plc (LON:RIO) opened at 2498.00 on Tuesday. The stock’s market cap is GBX 44.93 billion. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 2,621.00. The company’s 50 day moving average is GBX 2,397.28 and its 200 day moving average is GBX 2,199.90.
The firm 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 ($0.44) dividend. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.39%.
In other news, insider Jacques,Jean-Sébastien purchased 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, with a total value 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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