Shares of Rio Tinto PLC (NYSE:RIO) have been assigned an average recommendation of “Hold” from the twenty-five research firms that are covering the company. Four equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.00.

Several brokerages have recently commented on RIO. Citigroup Inc. lowered Rio Tinto PLC from a “neutral” rating to a “sell” rating in a research report on Wednesday. CIBC upgraded Rio Tinto PLC from a “sector underperform” rating to a “sector perform” rating in a research report on Thursday, September 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Rio Tinto PLC in a research report on Thursday, September 22nd. Cowen and Company restated a “market perform” rating and set a $35.00 price target on shares of Rio Tinto PLC in a research report on Thursday, September 15th. Finally, JPMorgan Chase & Co. upgraded Rio Tinto PLC from a “neutral” rating to an “overweight” rating in a research report on Monday, September 12th.

Shares of Rio Tinto PLC (NYSE:RIO) opened at 31.81 on Tuesday. The stock’s 50 day moving average price is $31.88 and its 200 day moving average price is $30.92. The company has a market cap of $57.22 billion, a P/E ratio of 1445.91 and a beta of 1.47. Rio Tinto PLC has a 12-month low of $21.89 and a 12-month high of $39.10.

The company also recently announced a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Friday, August 12th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 10th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Community Bank N.A. boosted its position in Rio Tinto PLC by 3.2% in the third quarter. Community Bank N.A. now owns 6,404 shares of the mining company’s stock worth $214,000 after buying an additional 200 shares during the last quarter. Capstone Asset Management Co. boosted its position in Rio Tinto PLC by 1.7% in the third quarter. Capstone Asset Management Co. now owns 67,651 shares of the mining company’s stock worth $2,260,000 after buying an additional 1,110 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Rio Tinto PLC during the third quarter worth approximately $538,000. Creative Planning boosted its position in Rio Tinto PLC by 16.3% in the third quarter. Creative Planning now owns 17,740 shares of the mining company’s stock worth $593,000 after buying an additional 2,480 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in Rio Tinto PLC by 67.1% in the third quarter. First Mercantile Trust Co. now owns 11,866 shares of the mining company’s stock worth $396,000 after buying an additional 4,766 shares during the last quarter. Institutional investors own 6.74% of the company’s stock.

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.

5 Day Chart for NYSE:RIO

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