Brokerages Set Rio Tinto plc (LON:RIO) Target Price at $2,576.71
Rio Tinto plc (LON:RIO) has received a consensus rating of “Hold” from the twenty-eight analysts that are currently covering the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 2,576.71 ($33.63).
RIO has been the subject of several analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 2,800 ($36.55) price objective on shares of Rio Tinto plc in a research note on Wednesday, August 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 ($28.72) price objective on shares of Rio Tinto plc in a research note on Wednesday, July 20th. Deutsche Bank AG reduced their price objective on shares of Rio Tinto plc from GBX 3,000 ($39.16) to GBX 2,800 ($36.55) and set a “buy” rating for the company in a research note on Thursday, June 16th. Macquarie reaffirmed an “outperform” rating and issued a GBX 2,900 ($37.85) price objective on shares of Rio Tinto plc in a research note on Monday, August 22nd. Finally, Investec reaffirmed a “buy” rating and issued a GBX 2,948 ($38.48) price objective on shares of Rio Tinto plc in a research note on Monday, July 25th.
In related news, insider Jacques,Jean-Sébastien acquired 15 shares of the stock in a transaction dated Monday, July 18th. The stock was bought at an average price of GBX 2,433 ($31.76) per share, with a total value of £364.95 ($476.37).
Rio Tinto plc (LON:RIO) opened at 2570.839 on Friday. Rio Tinto plc has a 1-year low of GBX 1,557.00 and a 1-year high of GBX 2,635.00. The firm’s market capitalization is GBX 46.24 billion. The company has a 50-day moving average price of GBX 2,403.26 and a 200-day moving average price of GBX 2,216.75.
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 11th were given a dividend of GBX 33.80 ($0.44) per share. This represents a dividend yield of 1.39%. The ex-dividend date was Thursday, August 11th.
About Rio Tinto plc
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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