Rio Tinto plc’s (RIO) Buy Rating Reaffirmed at HSBC Holdings plc

HSBC Holdings plc reaffirmed their buy rating on shares of Rio Tinto plc (LON:RIO) in a research report report published on Thursday. HSBC Holdings plc currently has a GBX 4,000 ($49.99) price objective on the stock.

Several other research analysts have also recently weighed in on the stock. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 3,800 ($47.49) price target on shares of Rio Tinto plc in a report on Thursday, February 9th. Citigroup Inc. reaffirmed a neutral rating and issued a GBX 3,600 ($44.99) price target on shares of Rio Tinto plc in a report on Thursday, February 9th. Macquarie set a GBX 4,400 ($54.99) price target on shares of Rio Tinto plc and gave the stock a buy rating in a report on Thursday, February 9th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a GBX 3,500 ($43.74) price target on shares of Rio Tinto plc in a report on Wednesday, February 8th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 2,400 ($29.99) price target on shares of Rio Tinto plc in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Rio Tinto plc currently has an average rating of Buy and a consensus target price of GBX 3,428.77 ($42.85).

Analyst Recommendations for Rio Tinto plc (LON:RIO)

Rio Tinto plc (LON:RIO) opened at 3640.00 on Thursday. The company’s market capitalization is GBX 65.48 billion. The company’s 50-day moving average price is GBX 3,340.36 and its 200 day moving average price is GBX 2,851.26. Rio Tinto plc has a 12 month low of GBX 1,701.50 and a 12 month high of GBX 3,685.00.

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

In related news, insider Jean-Sébastien Jacques purchased 11 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was bought at an average cost of GBX 3,451 ($43.13) per share, with a total value of £379.61 ($474.39).

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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