BNP Paribas Reiterates “Outperform” Rating for Rio Tinto plc (RIO)
Rio Tinto plc (LON:RIO)‘s stock had its “outperform” rating reiterated by BNP Paribas in a research note issued on Friday. They currently have a GBX 3,800 ($63.06) target price on the stock. BNP Paribas’ price target points to a potential upside of 17.23% from the company’s current price.
A number of other firms have also recently commented on RIO. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 4,000 ($66.38) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 2,800 ($46.47) price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 3,715.82 ($61.66).
Rio Tinto plc (LON:RIO) opened at 3200.50 on Friday. Rio Tinto plc has a 52-week low of GBX 2935.00 and a 52-week high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3366. and its 200-day moving average is GBX 3282.84. The company’s market cap is £59.196 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 11th. Investors 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.
Rio Tinto plc (LON:RIO) is an international mining company.
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