Rio Tinto (RIO) Earning Somewhat Favorable Press Coverage, Study Finds
News articles about Rio Tinto (NYSE:RIO) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rio Tinto earned a news impact score of 0.09 on Accern’s scale. Accern also gave media stories about the mining company an impact score of 46.618985947307 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Rio Tinto (RIO) Earns “Buy” Rating from UBS Group (americanbankingnews.com)
- Indonesian president wants to wrap up talks over purchase of Freeport unit by end-April (finance.yahoo.com)
- Assetmark Inc. Boosts Stake in Rio Tinto plc (RIO) (americanbankingnews.com)
- Rio Tinto plc (RIO) Holdings Lifted by Lombard Odier Asset Management USA Corp (americanbankingnews.com)
- Rio Tinto plc (RIO) Position Boosted by Raymond James Financial Services Advisors Inc. (americanbankingnews.com)
Several equities analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Rio Tinto in a research report on Monday. Zacks Investment Research raised shares of Rio Tinto from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Bank of America cut shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Jefferies Group set a $69.00 price target on shares of Rio Tinto and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Argus increased their price target on shares of Rio Tinto to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Rio Tinto has an average rating of “Hold” and an average target price of $59.07.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Shareholders of record on Friday, March 2nd will be issued a $1.7955 dividend. The ex-dividend date is Thursday, March 1st. This represents a yield of 6.68%. This is a boost from Rio Tinto’s previous semiannual dividend of $1.26. Rio Tinto’s dividend payout ratio (DPR) is currently 56.84%.
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About Rio Tinto
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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