Shares of Rio Tinto plc (LON:RIO) traded down 1.1% during mid-day trading on Tuesday . The stock traded as low as GBX 3,684.50 ($47.58) and last traded at GBX 3,695.50 ($47.73). 3,004,465 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 3,895,310 shares. The stock had previously closed at GBX 3,735.50 ($48.24).

Several analysts have issued reports on the stock. BNP Paribas set a GBX 4,000 ($51.66) price target on shares of Rio Tinto plc and gave the stock a “buy” rating in a research report on Wednesday. J P Morgan Chase & Co raised their price target on shares of Rio Tinto plc from GBX 4,000 ($51.66) to GBX 4,100 ($52.95) and gave the stock an “overweight” rating in a research report on Tuesday. Jefferies Group LLC raised their price target on shares of Rio Tinto plc from GBX 4,000 ($51.66) to GBX 4,200 ($54.24) and gave the stock a “buy” rating in a research report on Thursday, August 31st. UBS AG set a GBX 3,750 ($48.43) price target on shares of Rio Tinto plc and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Finally, Macquarie restated an “outperform” rating and issued a GBX 4,500 ($58.12) price target on shares of Rio Tinto plc in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 3,796.25 ($49.03).

The company’s market capitalization is GBX 66.40 billion. The firm has a 50-day moving average price of GBX 3,532.96 and a 200 day moving average price of GBX 3,294.68.

The firm also recently disclosed a dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 10th will be issued a GBX 83.13 ($1.07) dividend. The ex-dividend date is Thursday, August 10th. This represents a yield of 2.31%.

In other Rio Tinto plc news, insider W Sam H. Laidlaw acquired 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of GBX 3,420 ($44.17) per share, for a total transaction of £256,500 ($331,266.95). Also, insider Jean-Sébastien Jacques acquired 11 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was acquired at an average price of GBX 3,501 ($45.22) per share, with a total value of £385.11 ($497.37).

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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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