Rio Tinto plc (RIO) Given Outperform Rating at Macquarie

Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reissued by equities researchers at Macquarie in a report issued on Tuesday. They presently have a GBX 4,200 ($52.78) price target on the stock. Macquarie’s target price suggests a potential upside of 34.10% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank AG upped their target price on shares of Rio Tinto plc from GBX 4,100 ($51.53) to GBX 4,140 ($52.03) and gave the stock a “buy” rating in a research note on Friday, March 17th. Liberum Capital reiterated a “sell” rating and set a GBX 2,450 ($30.79) price target on shares of Rio Tinto plc in a report on Friday, March 17th. Goldman Sachs Group Inc set a GBX 3,500 ($43.99) price target on shares of Rio Tinto plc and gave the stock a “neutral” rating in a report on Wednesday, March 15th. Royal Bank of Canada boosted their price target on shares of Rio Tinto plc from GBX 4,000 ($50.27) to GBX 4,400 ($55.30) and gave the stock an “outperform” rating in a report on Wednesday, March 15th. Finally, Morgan Stanley set a GBX 3,340 ($41.98) price target on shares of Rio Tinto plc and gave the stock a “neutral” rating in a report on Tuesday, March 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 3,439.15 ($43.22).

Analyst Recommendations for Rio Tinto plc (LON:RIO)

Rio Tinto plc (LON:RIO) opened at 3132.00 on Tuesday. The stock’s market cap is GBX 56.35 billion. The firm has a 50 day moving average of GBX 3,405.06 and a 200-day moving average of GBX 3,069.40. Rio Tinto plc has a 12-month low of GBX 1,845.00 and a 12-month high of GBX 3,718.50.

The firm also recently declared a dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, February 23rd will be given a GBX 100.56 ($1.26) dividend. This is an increase from Rio Tinto plc’s previous dividend of $33.80. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a yield of 2.98%.

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In related news, insider Jean-S√©bastien Jacques sold 3,325 shares of the company’s stock in a transaction on Monday, February 20th. The shares were sold at an average price of GBX 3,618 ($45.47), for a total value of ¬£120,298.50 ($151,185.75).

Rio Tinto plc Company Profile

Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.

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