Shares of Rio Tinto PLC (NYSE:RIO) gapped down prior to trading on Friday . The stock had previously closed at $31.72, but opened at $31.82. Rio Tinto PLC shares last traded at $32.21, with a volume of 3,147,503 shares traded.

A number of analysts recently commented on RIO shares. Jefferies Group boosted their target price on shares of Rio Tinto PLC from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, August 23rd. Sanford C. Bernstein reissued an “overweight” rating on shares of Rio Tinto PLC in a research report on Wednesday, May 25th. Deutsche Bank AG reissued a “buy” rating on shares of Rio Tinto PLC in a research report on Saturday, May 7th. Credit Suisse Group AG reissued a “neutral” rating on shares of Rio Tinto PLC in a research report on Friday, May 27th. Finally, Citigroup Inc. raised shares of Rio Tinto PLC from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $35.63.

The company’s 50-day moving average is $32.26 and its 200-day moving average is $29.98. The company has a market capitalization of $56.73 billion and a PE ratio of 1433.64.

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

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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