Rio Tinto plc (RIO) Insider Purchases £365.68 in Stock
Rio Tinto plc (LON:RIO) insider Jean-Sébastien Jacques bought 14 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were acquired at an average cost of GBX 2,612 ($31.83) per share, for a total transaction of £365.68 ($445.68).
Shares of Rio Tinto plc (LON:RIO) traded up 0.31% on Wednesday, hitting GBX 2623.50. The stock had a trading volume of 3,229,976 shares. The stock has a 50 day moving average price of GBX 2,468.31 and a 200-day moving average price of GBX 2,275.01. The company’s market cap is GBX 47.19 billion. Rio Tinto plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 2,800.00.
The business also recently announced a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 11th were issued a GBX 33.80 ($0.41) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.39%.
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RIO has been the topic of several recent analyst reports. Citigroup Inc. downgraded Rio Tinto plc to a “sell” rating and decreased their target price for the company from GBX 2,600 ($31.69) to GBX 2,450 ($29.86) in a research note on Thursday, October 13th. Canaccord Genuity lifted their target price on Rio Tinto plc from GBX 2,660 ($32.42) to GBX 2,800 ($34.13) and gave the company a “buy” rating in a research note on Wednesday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a GBX 3,230 ($39.37) target price on shares of Rio Tinto plc in a research note on Monday, August 8th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,400 ($41.44) target price on shares of Rio Tinto plc in a research note on Tuesday, October 4th. Finally, Macquarie reissued an “outperform” rating and set a GBX 3,300 ($40.22) target price on shares of Rio Tinto plc in a research note on Monday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,625.96 ($32.00).
Rio Tinto plc Company Profile
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters.
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