Rio Tinto plc Stock Rating Reaffirmed by BNP Paribas (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating restated by equities researchers at BNP Paribas in a research report issued on Monday. They currently have a GBX 3,800 ($63.75) target price on the stock. BNP Paribas’ price target would indicate a potential upside of 12.43% from the company’s current price.
A number of other analysts have also recently weighed in on RIO. Analysts at Canaccord Genuity raised their price target on shares of Rio Tinto plc from GBX 4,145 ($69.54) to GBX 4,165 ($69.87) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 4,000 ($67.10) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Rio Tinto plc from GBX 4,100 ($68.78) to GBX 4,200 ($70.46) in a research note on Friday. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 3,752.18 ($62.95).
Shares of Rio Tinto plc (LON:RIO) traded up 3.77% during mid-day trading on Monday, hitting GBX 3507.3601. The stock had a trading volume of 6,854,577 shares. Rio Tinto plc has a 52 week low of GBX 2908.50 and a 52 week high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3296. and its 200-day moving average is GBX 3277.. The company’s market cap is £64.872 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 11th. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 56.90 ($0.95) per share. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 13th.
Rio Tinto plc (LON:RIO) is an international mining company.
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