Rio Tinto PLC (RIO) Sees Unusually-High Trading Volume
Rio Tinto PLC (NYSE:RIO) shares saw strong trading volume on Friday . 4,084,548 shares changed hands during trading, an increase of 18% from the previous session’s volume of 3,456,501 shares.The stock last traded at $30.98 and had previously closed at $30.78.
Several research analysts recently issued reports on the company. Investec restated a “buy” rating on shares of Rio Tinto PLC in a research report on Wednesday, August 3rd. Beaufort Securities restated a “hold” rating on shares of Rio Tinto PLC in a research report on Thursday, August 4th. Zacks Investment Research upgraded Rio Tinto PLC from a “sell” rating to a “hold” rating and set a $36.00 price objective for the company in a research report on Friday, July 8th. Deutsche Bank AG restated a “buy” rating on shares of Rio Tinto PLC in a research report on Wednesday, June 22nd. Finally, Vetr upgraded Rio Tinto PLC from a “buy” rating to a “strong-buy” rating and set a $36.60 price objective for the company 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 issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.63.
The company has a 50-day moving average price of $32.00 and a 200 day moving average price of $30.14. The stock has a market cap of $56.00 billion and a PE ratio of 1415.00.
The company also recently declared a dividend, which will be paid on Thursday, September 22nd. Investors of record on Friday, August 12th will be given a $0.45 dividend. The ex-dividend date of this dividend 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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