Rio Tinto plc’s “Hold” Rating Reaffirmed at Investec (RIO)
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Tuesday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday, August 29th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Monday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Rio Tinto plc presently has a consensus rating of “Buy” and a consensus price target of $61.00.
Rio Tinto plc (NYSE:RIO) traded up 0.35% during mid-day trading on Wednesday, hitting $53.72. The stock had a trading volume of 1,381,591 shares. Rio Tinto plc has a 1-year low of $46.86 and a 1-year high of $60.61. The stock’s 50-day moving average is $57.00 and its 200-day moving average is $55.22. The company has a market cap of $99.360 billion and a P/E ratio of 15.67.
The company also recently announced a semiannual dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.9584 per share. This represents a dividend yield of 3.33%. The ex-dividend date is Wednesday, August 13th.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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