Royal Bank Of Canada restated their outperform rating on shares of Rio Tinto plc (LON:RIO) in a research report sent to investors on Tuesday morning. The firm currently has a GBX 3,400 ($44.38) target price on the stock.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group Inc. upgraded shares of Rio Tinto plc to a neutral rating and lifted their price target for the stock from GBX 1,330 ($17.36) to GBX 1,900 ($24.80) in a report on Monday, June 27th. Liberum Capital reiterated a sell rating and set a GBX 1,590 ($20.75) price target on shares of Rio Tinto plc in a report on Wednesday, August 3rd. Canaccord Genuity reiterated a buy rating and set a GBX 2,660 ($34.72) price target on shares of Rio Tinto plc in a report on Tuesday, July 19th. Investec lifted their price target on shares of Rio Tinto plc from GBX 2,497 ($32.59) to GBX 2,948 ($38.48) and gave the stock a buy rating in a report on Tuesday, July 19th. Finally, Barclays PLC lifted their price target on shares of Rio Tinto plc from GBX 2,600 ($33.94) to GBX 2,800 ($36.55) and gave the stock an overweight rating in a report on Wednesday, September 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 2,596.31 ($33.89).
Rio Tinto plc (LON:RIO) opened at 2683.00 on Tuesday. The company’s market cap is GBX 48.26 billion. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 2,689.00. The firm’s 50-day moving average price is GBX 2,421.24 and its 200-day moving average price is GBX 2,236.34.
The company also recently disclosed a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th were given a GBX 33.80 ($0.44) dividend. This represents a yield of 1.39%. The ex-dividend date of this dividend was Thursday, August 11th.
In other news, insider Jacques,Jean-Sébastien acquired 15 shares of Rio Tinto plc stock in a transaction on Monday, July 18th. The stock was acquired at an average cost of GBX 2,433 ($31.76) per share, with a total value 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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