Rio Tinto plc Receives “Buy” Rating from Canaccord Genuity (RIO)
Shares of Rio Tinto plc (NYSE:RIO) traded up 0.68% on Friday, hitting $57.48. The stock had a trading volume of 1,421,513 shares. Rio Tinto plc has a 52 week low of $45.00 and a 52 week high of $60.61. The stock’s 50-day moving average is $55.93 and its 200-day moving average is $54.94. The company has a market cap of $106.3 billion and a price-to-earnings ratio of 28.94.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, September 11th. Shareholders 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.
A number of other firms have also recently commented on RIO. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Tuesday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.00.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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