Rio Tinto plc’s Buy Rating Reiterated at Deutsche Bank (RIO)
Shares of Rio Tinto plc (NYSE:RIO) traded down 0.39% on Tuesday, hitting $53.53. The stock had a trading volume of 2,051,799 shares. Rio Tinto plc has a 52-week low of $46.86 and a 52-week high of $60.61. The stock has a 50-day moving average of $57.01 and a 200-day moving average of $55.31. The company has a market cap of $99.009 billion and a price-to-earnings ratio of 15.73.
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.
A number of other analysts have also recently weighed in on RIO. Analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday, August 18th. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $61.00.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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