Rio Tinto plc (RIO) Rating Reiterated by Royal Bank Of Canada
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a report released on Tuesday. They currently have a GBX 3,400 ($44.38) price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 30.44% from the company’s current price.
RIO has been the subject of a number of other reports. Goldman Sachs Group Inc. raised Rio Tinto plc to a “neutral” rating and increased their target price for the stock from GBX 1,330 ($17.36) to GBX 1,900 ($24.80) in a research note on Monday, June 27th. Liberum Capital reissued a “sell” rating and set a GBX 1,590 ($20.75) target price on shares of Rio Tinto plc in a research note on Wednesday, August 3rd. Canaccord Genuity reissued a “buy” rating and set a GBX 2,660 ($34.72) target price on shares of Rio Tinto plc in a research note on Tuesday, July 19th. Investec increased their target price on Rio Tinto plc from GBX 2,497 ($32.59) to GBX 2,948 ($38.48) and gave the stock a “buy” rating in a research note on Tuesday, July 19th. Finally, Barclays PLC increased their target price on Rio Tinto plc from GBX 2,600 ($33.94) to GBX 2,800 ($36.55) and gave the stock an “overweight” rating in a research note on Wednesday, September 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,595.73 ($33.88).
Rio Tinto plc (LON:RIO) opened at 2606.50 on Tuesday. The company’s market cap is GBX 46.89 billion. The stock’s 50 day moving average price is GBX 2,406.36 and its 200-day moving average price is GBX 2,225.12. Rio Tinto plc has a 52-week low of GBX 1,557.00 and a 52-week high of GBX 2,635.00.
The company also recently declared a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 11th were paid a GBX 33.80 ($0.44) dividend. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.39%.
In other news, insider Jacques,Jean-Sébastien purchased 15 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was acquired at an average cost of GBX 2,433 ($31.76) per share, for a total transaction of £364.95 ($476.37).
About Rio Tinto plc
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.