Rio Tinto plc Receives Outperform Rating from RBC Capital (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Wednesday. They currently have a GBX 3,700 ($62.07) target price on the stock. RBC Capital’s target price suggests a potential upside of 5.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Monday. They now have a GBX 4,650 ($78.01) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday. They now have a GBX 3,800 ($63.75) price target on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. Rio Tinto plc has an average rating of “Buy” and an average price target of GBX 3,752.18 ($62.95).
Shares of Rio Tinto plc (LON:RIO) opened at 3415.05 on Wednesday. Rio Tinto plc has a one year low of GBX 2908.50 and a one year high of GBX 3641.9998. The stock has a 50-day moving average of GBX 3301. and a 200-day moving average of GBX 3279.. The company’s market cap is £63.165 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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