Rio Tinto plc (RIO) Receives GBX 3,465 Consensus Target Price from Analysts

Shares of Rio Tinto plc (LON:RIO) have earned a consensus rating of “Hold” from the twenty-one research firms that are covering the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 3,465 ($43.03).

RIO has been the topic of a number of research reports. Liberum Capital restated a “sell” rating and set a GBX 2,130 ($26.45) price objective on shares of Rio Tinto plc in a research report on Thursday, December 15th. Deutsche Bank AG set a GBX 3,780 ($46.94) price objective on Rio Tinto plc and gave the stock a “buy” rating in a research report on Monday, December 19th. Jefferies Group LLC boosted their price objective on Rio Tinto plc from GBX 3,600 ($44.70) to GBX 3,800 ($47.19) and gave the stock a “buy” rating in a research report on Tuesday, December 20th. Barclays PLC boosted their price objective on Rio Tinto plc from GBX 3,200 ($39.74) to GBX 4,490 ($55.76) and gave the stock an “overweight” rating in a research report on Monday, January 9th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a GBX 3,600 ($44.70) price objective on shares of Rio Tinto plc in a research report on Tuesday, January 17th.

Shares of Rio Tinto plc (LON:RIO) traded down 0.76% during midday trading on Monday, hitting GBX 3121.00. The company’s stock had a trading volume of 4,244,872 shares. The company has a 50-day moving average price of GBX 3,295.43 and a 200 day moving average price of GBX 3,143.57. Rio Tinto plc has a 1-year low of GBX 1,853.00 and a 1-year high of GBX 3,718.50. The company’s market cap is GBX 56.15 billion.

The company also recently announced a dividend, which was paid on Thursday, April 6th. Investors of record on Thursday, February 23rd were given a GBX 100.56 ($1.25) dividend. This represents a yield of 2.98%. This is a positive change from Rio Tinto plc’s previous dividend of $33.80. The ex-dividend date of this dividend was Thursday, February 23rd.

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In other news, insider Jean-Sébastien Jacques bought 11 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was acquired at an average cost of GBX 3,451 ($42.85) per share, with a total value of £379.61 ($471.39).

Rio Tinto plc Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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