Rio Tinto plc Given “Outperform” Rating at Sanford C. Bernstein & Co (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reaffirmed by investment analysts at Sanford C. Bernstein & Co in a note issued to investors on Tuesday. They currently have a GBX 4,000 ($66.87) price objective on the stock. Sanford C. Bernstein & Co’s price objective indicates a potential upside of 17.23% from the stock’s previous close.
RIO has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Tuesday. They now have a GBX 3,552 ($59.38) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday. They now have a GBX 4,000 ($66.87) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday. They now have a GBX 4,000 ($66.87) price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 3,754.17 ($62.76).
Rio Tinto plc (LON:RIO) traded up 0.19% on Tuesday, hitting GBX 3418.5002. The stock had a trading volume of 2,800,841 shares. Rio Tinto plc has a 1-year low of GBX 2908.50 and a 1-year high of GBX 3641.9998. The stock has a 50-day moving average of GBX 3339.18 and a 200-day moving average of GBX 3285.91. The company’s market cap is £63.229 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 11th. Investors of record on Wednesday, August 13th will be paid a dividend of GBX 56.90 ($0.95) per share. This represents a dividend yield of 1.68%. The ex-dividend date is Wednesday, August 13th.
Rio Tinto plc (LON:RIO) is an international mining company.
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