Rio Tinto plc Stock Rating Reaffirmed by Credit Suisse (RIO)
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. Rio Tinto plc currently has a consensus rating of “Buy” and an average target price of $61.00.
Rio Tinto plc (NYSE:RIO) traded up 0.68% on Friday, hitting $57.48. 1,421,513 shares of the company’s stock traded hands. Rio Tinto plc has a 1-year low of $45.00 and a 1-year 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 P/E ratio of 28.94.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, September 11th. Investors 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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