News articles about Rio Tinto PLC (NYSE:RIO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rio Tinto PLC earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media headlines about the mining company an impact score of 45.7620552986676 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Rio Tinto PLC (NYSE RIO) traded up 0.34% during mid-day trading on Monday, reaching $44.76. The company had a trading volume of 2,486,500 shares. Rio Tinto PLC has a one year low of $29.62 and a one year high of $48.03. The firm has a 50 day moving average of $44.70 and a 200-day moving average of $42.08. The stock has a market capitalization of $80.25 billion, a P/E ratio of 13.05 and a beta of 0.98. Rio Tinto PLC also saw some unusual options trading on Friday. Stock traders acquired 14,393 put options on the stock. This represents an increase of 927% compared to the average volume of 1,401 put options.

The business also recently announced a None dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, August 9th.

Several research firms have weighed in on RIO. Zacks Investment Research upgraded Rio Tinto PLC from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 5th. ValuEngine upgraded Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 11th. Citigroup Inc. upgraded Rio Tinto PLC from a “neutral” rating to a “buy” rating in a research report on Thursday, April 20th. Bank of America Corporation upgraded Rio Tinto PLC from an “underperform” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $45.00 target price (down previously from $47.00) on shares of Rio Tinto PLC in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $41.80.

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About Rio Tinto PLC

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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