Rio Tinto plc Rating Reiterated by Liberum Capital (RIO)
Shares of Rio Tinto plc (NYSE:RIO) traded down 1.40% during mid-day trading on Thursday, hitting $52.97. 3,053,796 shares of the company’s stock traded hands. 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 $56.92 and a 200-day moving average of $55.21. The company has a market cap of $97.973 billion and a P/E ratio of 15.72.
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 Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Wednesday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Tuesday. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.00.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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