Rio Tinto plc (LON:RIO) has received an average recommendation of “Buy” from the twenty-three research firms that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,533.25 ($44.15).

A number of brokerages recently issued reports on RIO. Macquarie reiterated an “outperform” rating and issued a GBX 4,335 ($54.17) target price on shares of Rio Tinto plc in a research report on Tuesday. BNP Paribas reiterated a “neutral” rating and issued a GBX 3,600 ($44.99) target price on shares of Rio Tinto plc in a research report on Thursday. Jefferies Group LLC upped their price target on shares of Rio Tinto plc from GBX 3,600 ($44.99) to GBX 3,800 ($47.49) and gave the company a “buy” rating in a report on Tuesday, December 20th. J P Morgan Chase & Co upped their price target on shares of Rio Tinto plc from GBX 3,800 ($47.49) to GBX 4,000 ($49.99) and gave the company an “overweight” rating in a report on Tuesday, February 7th. Finally, Morgan Stanley upped their price target on shares of Rio Tinto plc from GBX 3,220 ($40.24) to GBX 3,300 ($41.24) and gave the company an “equal weight” rating in a report on Wednesday.

Shares of Rio Tinto plc (LON:RIO) opened at 3601.00 on Friday. The firm’s market capitalization is GBX 64.78 billion. The stock has a 50 day moving average of GBX 3,403.82 and a 200-day moving average of GBX 2,888.20. Rio Tinto plc has a one year low of GBX 1,795.00 and a one year high of GBX 3,718.50.

The business also recently declared a dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, February 23rd will be issued a dividend of GBX 100.56 ($1.26) per share. This represents a yield of 2.98%. The ex-dividend date of this dividend is Thursday, February 23rd. This is an increase from Rio Tinto plc’s previous dividend of $33.80.

In related news, insider Jean-Sébastien Jacques purchased 8,259 shares of the stock in a transaction on Monday, December 5th. The shares were bought at an average price of GBX 3,036 ($37.94) per share, for a total transaction of £250,743.24 ($313,350.71).

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Rio Tinto plc Company Profile

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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