Rio Tinto plc ADR Common Stock (NYSE:RIO) has been assigned an average recommendation of “Hold” from the twenty analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $57.50.

A number of research firms have recently issued reports on RIO. HSBC cut Rio Tinto plc ADR Common Stock from a “buy” rating to a “hold” rating in a research report on Wednesday, May 23rd. Zacks Investment Research cut Rio Tinto plc ADR Common Stock from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. JPMorgan Chase & Co. upgraded Rio Tinto plc ADR Common Stock from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 7th. Deutsche Bank cut Rio Tinto plc ADR Common Stock from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Finally, Liberum Capital upgraded Rio Tinto plc ADR Common Stock from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd.

Shares of RIO traded down $0.41 on Friday, reaching $46.18. 215,191 shares of the stock traded hands, compared to its average volume of 2,394,825. The stock has a market cap of $61.76 billion, a PE ratio of 9.73 and a beta of 1.11. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. Rio Tinto plc ADR Common Stock has a 12 month low of $46.24 and a 12 month high of $60.72.

The business also recently declared a semiannual dividend, which will be paid on Thursday, September 20th. Shareholders of record on Friday, August 10th will be given a $1.271 dividend. This represents a yield of 4.9%. The ex-dividend date of this dividend is Thursday, August 9th. Rio Tinto plc ADR Common Stock’s dividend payout ratio (DPR) is 53.03%.

Large investors have recently made changes to their positions in the business. Fisher Asset Management LLC acquired a new position in Rio Tinto plc ADR Common Stock in the second quarter worth $227,812,000. Boston Partners boosted its stake in Rio Tinto plc ADR Common Stock by 2,390.4% in the second quarter. Boston Partners now owns 3,204,017 shares of the mining company’s stock worth $177,759,000 after purchasing an additional 3,075,360 shares in the last quarter. BlackRock Inc. boosted its stake in Rio Tinto plc ADR Common Stock by 3.4% in the first quarter. BlackRock Inc. now owns 1,414,549 shares of the mining company’s stock worth $72,892,000 after purchasing an additional 45,961 shares in the last quarter. Northern Trust Corp boosted its stake in Rio Tinto plc ADR Common Stock by 1.9% in the first quarter. Northern Trust Corp now owns 1,182,368 shares of the mining company’s stock worth $60,927,000 after purchasing an additional 22,194 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Rio Tinto plc ADR Common Stock by 0.9% in the second quarter. Sei Investments Co. now owns 894,180 shares of the mining company’s stock worth $49,610,000 after purchasing an additional 8,401 shares in the last quarter. Hedge funds and other institutional investors own 7.12% of the company’s stock.

About Rio Tinto plc ADR Common Stock

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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Analyst Recommendations for Rio Tinto plc ADR Common Stock (NYSE:RIO)

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