Somewhat Positive News Coverage Somewhat Unlikely to Affect Rio Tinto (RIO) Stock Price

News stories about Rio Tinto (NYSE:RIO) have trended somewhat positive on Tuesday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rio Tinto earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the mining company an impact score of 45.1544421244875 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently commented on RIO. JPMorgan Chase & Co. downgraded Rio Tinto from an “overweight” rating to a “neutral” rating in a research note on Monday, November 13th. Citigroup reaffirmed a “buy” rating on shares of Rio Tinto in a research report on Tuesday, December 5th. HSBC downgraded Rio Tinto from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. UBS Group reaffirmed a “buy” rating on shares of Rio Tinto in a research report on Monday, March 5th. Finally, Argus increased their price target on Rio Tinto to $61.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Rio Tinto currently has a consensus rating of “Hold” and an average target price of $59.07.

Shares of Rio Tinto (NYSE:RIO) traded down $0.18 on Tuesday, hitting $52.04. The company had a trading volume of 2,548,759 shares, compared to its average volume of 3,790,000. The company has a quick ratio of 1.40, a current ratio of 1.71 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $92,940.00, a P/E ratio of 10.16 and a beta of 1.07. Rio Tinto has a one year low of $37.66 and a one year high of $59.25.

Rio Tinto declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the mining company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Friday, March 2nd will be given a dividend of $1.7955 per share. This represents a dividend yield of 6.68%. This is an increase from Rio Tinto’s previous semiannual dividend of $1.26. The ex-dividend date of this dividend is Thursday, March 1st. Rio Tinto’s dividend payout ratio (DPR) is presently 56.84%.

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Rio Tinto 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.

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