Shares of Rio Tinto PLC (NYSE:RIO) were up 2.6% on Tuesday . The company traded as high as $32.67 and last traded at $32.57, with a volume of 2,927,092 shares trading hands. The stock had previously closed at $31.73.

A number of analysts have weighed in on RIO shares. Axiom Securities restated a “sell” rating on shares of Rio Tinto PLC in a research report on Monday, May 23rd. Citigroup Inc. lowered shares of Rio Tinto PLC from a “neutral” rating to a “sell” rating in a research report on Monday, April 18th. Investec restated a “buy” rating on shares of Rio Tinto PLC in a research report on Wednesday, August 3rd. Vetr upgraded shares of Rio Tinto PLC from a “buy” rating to a “strong-buy” rating and set a $33.97 target price on the stock in a research report on Monday, May 9th. Finally, Jefferies Group restated a “buy” rating on shares of Rio Tinto PLC in a research report on Thursday, July 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.25.

The stock’s 50-day moving average price is $31.85 and its 200 day moving average price is $29.61. The firm has a market capitalization of $58.43 billion and a PE ratio of 1476.591.

The company also recently declared a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Friday, August 12th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 10th.

Other large investors have recently made changes to their positions in the company. Bridgewater Associates LP boosted its stake in shares of Rio Tinto PLC by 22.4% in the fourth quarter. Bridgewater Associates LP now owns 374,900 shares of the mining company’s stock valued at $10,917,000 after buying an additional 68,600 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Rio Tinto PLC by 33.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 445,951 shares of the mining company’s stock valued at $12,986,000 after buying an additional 112,290 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Rio Tinto PLC by 3.6% in the fourth quarter. Jennison Associates LLC now owns 1,297,016 shares of the mining company’s stock valued at $37,769,000 after buying an additional 45,254 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Rio Tinto PLC by 24.2% in the fourth quarter. Morgan Stanley now owns 1,156,480 shares of the mining company’s stock valued at $33,677,000 after buying an additional 225,384 shares during the last quarter.

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.

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