Rio Tinto plc Receives Average Rating of “Buy” from Brokerages (NYSE:RIO)
Shares of Rio Tinto plc (NYSE:RIO) have been given an average recommendation of “Buy” by the twenty-three ratings firms that are currently covering the stock, Stock Ratings News reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $61.00.
Rio Tinto plc (NYSE:RIO) opened at 57.33 on Wednesday. Rio Tinto plc has a 52 week low of $45.00 and a 52 week high of $60.61. The stock’s 50-day moving average is $56.85 and its 200-day moving average is $55.15. The company has a market cap of $106.0 billion and a P/E ratio of 16.60.
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.
A number of analysts have recently weighed in on RIO shares. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Wednesday. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday, August 11th. Finally, analysts at Investec reiterated a “hold” 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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