Shares of Rio Tinto plc (LON:RIO) have earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 4,650.73 ($60.77).
A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Rio Tinto in a research note on Monday, July 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 5,610 ($73.30) price objective on shares of Rio Tinto in a research note on Monday, August 12th. Citigroup reaffirmed a “buy” rating on shares of Rio Tinto in a research note on Tuesday, July 30th. HSBC set a GBX 5,200 ($67.95) price objective on Rio Tinto and gave the company a “neutral” rating in a research note on Monday, July 15th. Finally, Societe Generale raised Rio Tinto to a “hold” rating in a research note on Thursday, May 23rd.
Shares of RIO traded down GBX 21 ($0.27) during trading hours on Friday, reaching GBX 4,005 ($52.33). 2,769,015 shares of the company traded hands, compared to its average volume of 4,860,000. The company has a debt-to-equity ratio of 31.97, a current ratio of 1.52 and a quick ratio of 1.17. The company has a market cap of $50.69 billion and a PE ratio of 5.02. Rio Tinto has a fifty-two week low of GBX 3,460.50 ($45.22) and a fifty-two week high of GBX 5,039 ($65.84). The company’s fifty day moving average price is GBX 4,599.32.
The firm also recently announced a dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, August 8th will be given a dividend of GBX 173.14 ($2.26) per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 3.8%. Rio Tinto’s dividend payout ratio (DPR) is presently 0.32%.
In related news, insider Jean-Sébastien Jacques sold 7 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of GBX 4,808 ($62.83), for a total transaction of £336.56 ($439.78). Insiders have sold 4,025 shares of company stock worth $18,156,922 over the last quarter.
Rio Tinto Company Profile
Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.
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