Rio Tinto plc (RIO) Insider Purchases £365.68 in Stock
Rio Tinto plc (LON:RIO) insider Jean-Sébastien Jacques bought 14 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was purchased at an average price of GBX 2,612 ($31.83) per share, for a total transaction of £365.68 ($445.68).
Shares of Rio Tinto plc (LON:RIO) traded up 0.31% during mid-day trading on Wednesday, reaching GBX 2623.50. The company’s stock had a trading volume of 3,229,976 shares. The company’s market cap is GBX 47.19 billion. Rio Tinto plc has a 52-week low of GBX 1,557.00 and a 52-week high of GBX 2,800.00. The company has a 50-day moving average price of GBX 2,468.31 and a 200 day moving average price of GBX 2,275.01.
The firm also recently announced a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 11th were paid a dividend of GBX 33.80 ($0.41) per share. This represents a yield of 1.39%. The ex-dividend date was Thursday, August 11th.
A number of brokerages recently issued reports on RIO. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,950 ($23.77) target price on shares of Rio Tinto plc in a report on Monday, June 27th. Credit Suisse Group AG increased their target price on Rio Tinto plc from GBX 2,100 ($25.59) to GBX 2,300 ($28.03) and gave the stock a “neutral” rating in a report on Monday, September 19th. Jefferies Group reiterated a “buy” rating on shares of Rio Tinto plc in a report on Friday, July 15th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,600 ($31.69) target price on shares of Rio Tinto plc in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. set a GBX 3,000 ($36.56) target price on Rio Tinto plc and gave the stock a “buy” rating in a report on Thursday, July 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 2,625.96 ($32.00).
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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