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Rio Tinto plc (NYSE:RIO) has been given an average rating of “Buy” by the twenty-three analysts that are covering the stock, Analyst RN reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $61.00.

Rio Tinto plc (NYSE:RIO) traded down 1.93% during mid-day trading on Wednesday, hitting $57.10. 949,695 shares of the company’s stock traded hands. Rio Tinto plc has a 52-week low of $45.00 and a 52-week high of $60.61. The stock has a 50-day moving average of $56.49 and a 200-day moving average of $55.08. The company has a market cap of $105.6 billion and a price-to-earnings ratio of 17.04. Rio Tinto plc also saw unusually large options trading activity on Tuesday. Investors bought 7,157 call options on the stock. This is an increase of 134% compared to the average volume of 3,053 call options.

The company also recently announced a semiannual dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.9584 per share. This represents a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, August 13th.

A number of analysts have recently weighed in on RIO shares. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday. Separately, analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Friday, August 8th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday, August 8th.

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

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