Rio Tinto plc (RIO) Rating Reiterated by Liberum Capital
Rio Tinto plc (LON:RIO)‘s stock had its “sell” rating reiterated by investment analysts at Liberum Capital in a research report issued on Tuesday. They presently have a GBX 1,590 ($20.75) target price on the stock. Liberum Capital’s price objective would suggest a potential downside of 32.60% from the company’s previous close.
A number of other research firms also recently issued reports on RIO. Canaccord Genuity restated a “buy” rating and issued a GBX 2,800 ($36.55) price target on shares of Rio Tinto plc in a research note on Wednesday, August 3rd. Jefferies Group reiterated a “buy” rating and set a GBX 2,300 ($30.02) target price on shares of Rio Tinto plc in a research report on Wednesday, May 25th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,200 ($28.72) price objective on shares of Rio Tinto plc in a research report on Wednesday, July 20th. Deutsche Bank AG lowered their price objective on Rio Tinto plc from GBX 3,000 ($39.16) to GBX 2,800 ($36.55) and set a “buy” rating on the stock in a research report on Thursday, June 16th. Finally, Macquarie restated an “outperform” rating and issued a GBX 2,900 ($37.85) price objective on shares of Rio Tinto plc in a research report on Monday, August 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 2,588.04 ($33.78).
Shares of Rio Tinto plc (LON:RIO) opened at 2371.00 on Tuesday. The company’s market capitalization is GBX 42.65 billion. Rio Tinto plc has a 1-year low of GBX 1,557.00 and a 1-year high of GBX 2,621.00. The company’s 50 day moving average price is GBX 2,394.36 and its 200-day moving average price is GBX 2,189.22.
The business also recently announced a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th will be given a dividend of GBX 33.80 ($0.44) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 1.39%.
In related news, insider Jacques,Jean-Sébastien bought 15 shares of the stock in a transaction on Monday, July 18th. The shares were bought at an average cost of GBX 2,433 ($31.76) per share, for a total transaction of £364.95 ($476.37).
Rio Tinto plc Company Profile
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters.
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