Rio Tinto plc Earns “Hold” Rating from Investec (RIO)
Rio Tinto plc (LON:RIO) opened at 3243.00 on Wednesday. Rio Tinto plc has a 52 week low of GBX 2935.00 and a 52 week high of GBX 3641.9998. The stock has a 50-day moving average of GBX 3366. and a 200-day moving average of GBX 3284.. The company’s market cap is £59.982 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Wednesday, August 13th will be given a dividend of GBX 56.90 ($0.94) per share. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 13th.
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 ($77.17) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday, August 29th. They now have a GBX 4,200 ($69.70) 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 Tuesday, August 26th. They now have a GBX 4,000 ($66.38) price target on the stock. Three investment 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. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 3,752.18 ($62.27).
Rio Tinto plc (LON:RIO) is an international mining company.
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