Rio Tinto plc Given “Buy” Rating at Jefferies Group (RIO)
Shares of Rio Tinto plc (NYSE:RIO) traded up 0.09% during mid-day trading on Friday, hitting $53.74. The stock had a trading volume of 1,668,274 shares. Rio Tinto plc has a one year low of $45.00 and a one year high of $60.61. The stock has a 50-day moving average of $57.02 and a 200-day moving average of $55.32. The company has a market cap of $99.397 billion and a P/E ratio of 15.71.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, September 11th. Shareholders 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.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday, August 18th. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Wednesday, August 13th. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday, August 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company. Rio Tinto plc presently has an average rating of “Buy” and a consensus target price of $61.00.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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