Rio Tinto plc Receives Hold Rating from Investec (RIO)
Rio Tinto plc (LON:RIO) traded down 0.52% during mid-day trading on Thursday, hitting GBX 3373.00. The stock had a trading volume of 5,535,115 shares. Rio Tinto plc has a 52-week low of GBX 2905.00 and a 52-week high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3270.61 and its 200-day moving average is GBX 3275.32. The company’s market cap is £62.354 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 11th. Investors of record on Wednesday, August 13th will be given a dividend of GBX 56.90 ($0.96) per share. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of other analysts have also recently weighed in on RIO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Tuesday. They now have a GBX 3,700 ($62.26) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday, August 1st. They now have a GBX 4,550 ($76.56) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Thursday, July 31st. They now have a GBX 4,145 ($69.75) price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 3,742.18 ($62.97).
Rio Tinto plc (LON:RIO) is an international mining company.
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