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Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating reaffirmed by Beaufort Securities in a research note issued on Friday.

Shares of Rio Tinto plc (LON:RIO) traded up 0.21% during mid-day trading on Friday, hitting GBX 3380.00. The stock had a trading volume of 4,284,234 shares. Rio Tinto plc has a one year low of GBX 2908.50 and a one year high of GBX 3680.5601. The stock’s 50-day moving average is GBX 3278. and its 200-day moving average is GBX 3276.. The company’s market cap is £62.484 billion.

The company also recently announced a dividend, which is scheduled for Thursday, September 11th. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 56.90 ($0.96) per share. This represents a dividend yield of 1.68%. The ex-dividend date is Wednesday, August 13th.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 3,500 ($58.89) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Thursday. Finally, 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 3,746.73 ($63.04).

Rio Tinto plc (LON:RIO) is an international mining company.

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