RIO has been the topic of a number of other reports. Goldman Sachs set a GBX 3,300 ($45.59) target price on shares of Rio Tinto and gave the stock a neutral rating in a research note on Monday, December 11th. Macquarie restated an outperform rating and set a GBX 4,300 ($59.41) target price on shares of Rio Tinto in a research note on Tuesday, January 16th. JPMorgan Chase & Co. set a GBX 4,200 ($58.03) target price on shares of Rio Tinto and gave the stock a neutral rating in a research note on Monday, February 5th. Credit Suisse Group restated an outperform rating and set a GBX 4,300 ($59.41) target price on shares of Rio Tinto in a research note on Tuesday, March 13th. Finally, Citigroup upgraded shares of Rio Tinto to a buy rating and set a GBX 4,050 ($55.95) target price on the stock in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of GBX 4,153.95 ($57.39).
Shares of RIO stock opened at GBX 3,641.50 ($50.31) on Wednesday. Rio Tinto has a one year low of GBX 2,882.50 ($39.82) and a one year high of GBX 4,226.56 ($58.39). The firm has a market cap of $67,730.00 and a P/E ratio of 992.23.
The company also recently disclosed a dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 1st will be issued a GBX 129.43 ($1.79) dividend. This is an increase from Rio Tinto’s previous dividend of $83.13. This represents a dividend yield of 3.42%. The ex-dividend date is Thursday, March 1st.
In other news, insider Christopher Lynch sold 9,505 shares of the stock in a transaction that occurred on Monday, February 19th. The stock was sold at an average price of GBX 4,072 ($56.26), for a total value of £387,043.60 ($534,738.33).
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About Rio Tinto
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.
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