Rio Tinto plc (RIO) Insider Buys £909,703.40 in Stock
Rio Tinto plc (LON:RIO) insider Christopher Lynch bought 26,066 shares of the stock in a transaction on Friday, December 1st. The shares were acquired at an average cost of GBX 3,490 ($46.97) per share, with a total value of £909,703.40 ($1,224,365.28).
Rio Tinto plc (LON RIO) traded down GBX 71.50 ($0.96) during trading on Tuesday, hitting GBX 3,468.50 ($46.68). 3,979,280 shares of the stock traded hands, compared to its average volume of 3,830,000. Rio Tinto plc has a one year low of GBX 2,882.50 ($38.80) and a one year high of GBX 4,226.56 ($56.89).
RIO has been the subject of several research analyst reports. Barclays reissued an “overweight” rating and issued a GBX 4,100 ($55.18) price target on shares of Rio Tinto in a report on Tuesday, August 8th. Macquarie reissued an “outperform” rating and issued a GBX 4,000 ($53.84) price target on shares of Rio Tinto in a report on Wednesday, August 9th. Royal Bank Of Canada reissued a “top pick” rating and issued a GBX 4,200 ($56.53) price target on shares of Rio Tinto in a report on Wednesday, August 9th. UBS set a GBX 3,750 ($50.47) price target on shares of Rio Tinto and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Goldman Sachs Group set a GBX 3,000 ($40.38) price target on shares of Rio Tinto and gave the company a “neutral” rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 3,954.75 ($53.23).
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Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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