Cfra set a GBX 4,000 ($52.27) target price on Rio Tinto (LON:RIO) in a report published on Tuesday. The firm currently has a neutral rating on the stock.

RIO has been the topic of a number of other reports. Royal Bank of Canada restated a sector performer rating and set a GBX 3,900 ($50.96) price target on shares of Rio Tinto in a research report on Tuesday, June 26th. Morgan Stanley boosted their price target on shares of Rio Tinto from GBX 3,430 ($44.82) to GBX 4,100 ($53.57) and gave the stock an equal weight rating in a research report on Friday, June 29th. Credit Suisse Group restated an outperform rating on shares of Rio Tinto in a research report on Tuesday, September 11th. Goldman Sachs Group set a GBX 4,000 ($52.27) price target on shares of Rio Tinto and gave the stock a neutral rating in a research report on Friday, October 5th. Finally, Citigroup restated a buy rating on shares of Rio Tinto in a research report on Tuesday, June 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 4,199.41 ($54.87).

RIO opened at GBX 3,707.50 ($48.45) on Tuesday. Rio Tinto has a twelve month low of GBX 2,882.50 ($37.66) and a twelve month high of GBX 4,226.56 ($55.23).

The company also recently announced a dividend, which was paid on Thursday, September 20th. Shareholders of record on Thursday, August 9th were issued a GBX 96.82 ($1.27) dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a yield of 2.41%.

Rio Tinto Company Profile

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 (LON:RIO)

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