Rio Tinto plc (RIO) Rating Reiterated by Macquarie
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a research note issued on Tuesday. They presently have a GBX 3,300 ($43.08) price target on the stock. Macquarie’s price target indicates a potential upside of 36.87% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Jefferies Group reiterated a “buy” rating and set a GBX 2,300 ($30.02) price target on shares of Rio Tinto plc in a report on Wednesday, May 25th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,000 ($39.16) price target on shares of Rio Tinto plc in a report on Monday, May 23rd. Sanford C. Bernstein set a GBX 2,520 ($32.89) price target on Rio Tinto plc and gave the stock a “buy” rating in a report on Tuesday, June 21st. Haitong Bank lifted their price target on Rio Tinto plc from GBX 2,515 ($32.83) to GBX 2,783 ($36.33) and gave the stock a “buy” rating in a report on Thursday, June 30th. Finally, JPMorgan Chase & Co. set a GBX 3,000 ($39.16) price target on Rio Tinto plc and gave the stock a “buy” rating in a report on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 2,595.73 ($33.88).
Rio Tinto plc (LON:RIO) opened at 2493.00 on Tuesday. The firm’s market capitalization is GBX 44.84 billion. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 2,621.00. The stock has a 50 day moving average price of GBX 2,393.38 and a 200-day moving average price of GBX 2,195.61.
The business also recently declared a dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, August 11th will be issued a dividend of GBX 33.80 ($0.44) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a dividend yield of 1.39%.
In other Rio Tinto plc news, insider Jacques,Jean-Sébastien acquired 15 shares of Rio Tinto plc stock in a transaction that occurred on Monday, July 18th. The shares were bought at an average price of GBX 2,433 ($31.76) per share, with a total value 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.
Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter.