Rio Tinto plc’s (RIO) “Neutral” Rating Reiterated at BNP Paribas

Rio Tinto plc (LON:RIO)‘s stock had its “neutral” rating reaffirmed by BNP Paribas in a research note issued on Thursday. They currently have a GBX 2,000 ($26.11) price objective on the stock. BNP Paribas’ price objective would suggest a potential downside of 24.26% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Canaccord Genuity boosted their price target on Rio Tinto plc from GBX 2,660 ($34.72) to GBX 2,800 ($36.55) and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a GBX 3,230 ($42.16) price objective on shares of Rio Tinto plc in a research report on Monday, August 8th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,400 ($44.38) price objective on shares of Rio Tinto plc in a research report on Tuesday. Jefferies Group reissued a “buy” rating on shares of Rio Tinto plc in a research report on Friday, July 15th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 1,925 ($25.13) price objective on shares of Rio Tinto plc in a research report on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,596.31 ($33.89).

Analyst Recommendations for Rio Tinto plc (LON:RIO)

Shares of Rio Tinto plc (LON:RIO) opened at 2631.25 on Thursday. The company has a 50 day moving average price of GBX 2,416.26 and a 200 day moving average price of GBX 2,231.98. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 2,685.50. The company’s market cap is GBX 47.33 billion.

The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 11th were paid a GBX 33.80 ($0.44) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 1.39%.

In related news, insider Jacques,Jean-Sébastien acquired 15 shares of the stock in a transaction dated 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).

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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