Shares of Rio Tinto plc (LON:RIO) were down 1.8% during mid-day trading on Wednesday . The stock traded as low as GBX 3,607.50 ($46.59) and last traded at GBX 3,624.50 ($46.81). Approximately 3,873,004 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 3,938,020 shares. The stock had previously closed at GBX 3,690.50 ($47.66).

Several analysts recently issued reports on RIO shares. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 2,900 ($37.45) target price on shares of Rio Tinto plc in a research note on Friday, July 14th. Macquarie reaffirmed an “outperform” rating and set a GBX 4,500 ($58.12) price objective on shares of Rio Tinto plc in a research report on Wednesday, August 30th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 4,150 ($53.60) price objective on shares of Rio Tinto plc in a research report on Monday, May 22nd. Bank of America Corporation set a GBX 4,500 ($58.12) price objective on Rio Tinto plc and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 3,400 ($43.91) price objective on shares of Rio Tinto plc in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 3,801.25 ($49.09).

The firm has a 50-day moving average of GBX 3,569.50 and a 200 day moving average of GBX 3,299.44. The stock’s market capitalization is GBX 64.98 billion.

The company also recently disclosed a dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, August 10th will be issued a GBX 83.13 ($1.07) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 2.31%.

In other news, insider Jean-Sébastien Jacques acquired 11 shares of the business’s stock in a transaction on Monday, July 17th. The stock was bought at an average price of GBX 3,501 ($45.22) per share, with a total value of £385.11 ($497.37). Also, insider W Sam H. Laidlaw acquired 7,500 shares of the business’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of GBX 3,420 ($44.17) per share, with a total value of £256,500 ($331,266.95).

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Rio Tinto plc Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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