Investec Reiterates Hold Rating for Rio Tinto plc (RIO)
A number of other firms have also recently commented on RIO. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.00.
Rio Tinto plc (NYSE:RIO) traded up 0.68% during mid-day trading on Friday, hitting $57.48. 1,421,513 shares of the company’s stock traded hands. Rio Tinto plc has a one year low of $45.00 and a one year high of $60.61. The stock has a 50-day moving average of $55.93 and a 200-day moving average of $54.94. The company has a market cap of $106.3 billion and a P/E ratio of 28.94.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Friday, August 15th will be given a dividend of $0.9584 per share. This represents a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, August 13th.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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