Rio Tinto plc’s (RIO) Outperform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Rio Tinto plc (LON:RIO) in a research report sent to investors on Thursday. The brokerage currently has a GBX 4,400 ($55.38) price objective on the stock.

Several other equities research analysts also recently issued reports on RIO. Jefferies Group LLC reiterated a buy rating and set a GBX 3,800 ($47.83) price target on shares of Rio Tinto plc in a report on Friday, January 6th. Barclays PLC upped their price target on Rio Tinto plc from GBX 3,200 ($40.28) to GBX 4,490 ($56.51) and gave the stock an overweight rating in a report on Monday, January 9th. Credit Suisse Group AG reiterated an outperform rating and set a GBX 3,600 ($45.31) price target on shares of Rio Tinto plc in a report on Tuesday, January 17th. HSBC Holdings plc reiterated a buy rating and set a GBX 4,000 ($50.35) price target on shares of Rio Tinto plc in a report on Tuesday, January 17th. Finally, Citigroup Inc restated a neutral rating and issued a GBX 3,500 ($44.05) price objective on shares of Rio Tinto plc in a research note on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 3,587.76 ($45.16).

Analyst Recommendations for Rio Tinto plc (LON:RIO)

Rio Tinto plc (LON:RIO) traded down 0.31% during mid-day trading on Thursday, reaching GBX 3058.50. The company had a trading volume of 6,146,677 shares. Rio Tinto plc has a one year low of GBX 1,853.00 and a one year high of GBX 3,718.50. The firm’s 50-day moving average is GBX 3,245.19 and its 200-day moving average is GBX 3,161.65. The firm’s market capitalization is GBX 55.03 billion.

ILLEGAL ACTIVITY NOTICE: “Rio Tinto plc’s (RIO) Outperform Rating Reaffirmed at Royal Bank of Canada” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017/04/21/rio-tinto-plcs-rio-outperform-rating-reaffirmed-at-royal-bank-of-canada.html.

The business also recently disclosed a dividend, which was paid on Thursday, April 6th. Investors of record on Thursday, February 23rd were issued a dividend of GBX 100.56 ($1.27) per share. This is a boost from Rio Tinto plc’s previous dividend of $33.80. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a yield of 2.98%.

In related news, insider Jean-Sébastien Jacques sold 3,325 shares of the stock in a transaction dated Monday, February 20th. The stock was sold at an average price of GBX 3,618 ($45.54), for a total transaction of £120,298.50 ($151,414.10).

Rio Tinto plc Company Profile

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.

Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply