Media headlines about Rio Tinto (LON:RIO) have been trending somewhat negative recently, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Rio Tinto earned a media sentiment score of -1.50 on their scale. InfoTrie also assigned media headlines about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Rio Tinto’s analysis:
- Rio Tinto (RIO) Given Overweight Rating at JPMorgan Chase & Co. (americanbankingnews.com)
- What Are Analysts Saying About Rio Tinto Group’s (LON:RIO) Future? (finance.yahoo.com)
- What Are Analysts Saying About Rio Tinto Group's (LON:RIO) Future? (finance.yahoo.com)
- Rio Tinto (RIO) Earns Media Impact Rating of -1.50 (americanbankingnews.com)
- UPDATE 2-BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom (af.reuters.com)
Several equities analysts have commented on RIO shares. JPMorgan Chase & Co. set a GBX 5,300 ($69.25) price target on Rio Tinto and gave the company a “buy” rating in a report on Tuesday, April 16th. Royal Bank of Canada reiterated an “underperform” rating and set a GBX 3,100 ($40.51) price target on shares of Rio Tinto in a report on Monday, April 1st. HSBC downgraded Rio Tinto from a “buy” rating to a “hold” rating and lowered their price target for the company from GBX 4,780 ($62.46) to GBX 4,650 ($60.76) in a report on Friday, March 1st. Citigroup lowered their price target on Rio Tinto from GBX 4,900 ($64.03) to GBX 4,800 ($62.72) and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, UBS Group downgraded Rio Tinto from a “buy” rating to a “neutral” rating and set a GBX 4,500 ($58.80) price target on the stock. in a report on Wednesday, March 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Rio Tinto has a consensus rating of “Hold” and a consensus price target of GBX 4,418.55 ($57.74).
RIO opened at GBX 4,609 ($60.22) on Friday. Rio Tinto has a 1-year low of GBX 3,460.50 ($45.22) and a 1-year high of GBX 4,790.50 ($62.60). The company has a debt-to-equity ratio of 25.60, a current ratio of 1.92 and a quick ratio of 1.51. The company has a market capitalization of $58.12 billion and a PE ratio of 5.85.
The firm also recently disclosed a dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 7th were given a GBX 319.51 ($4.17) dividend. This represents a dividend yield of 7.28%. This is a boost from Rio Tinto’s previous dividend of $96.82. The ex-dividend date was Thursday, March 7th. Rio Tinto’s dividend payout ratio is currently 0.30%.
In other news, insider Jean-Sébastien Jacques sold 13,090 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 4,327 ($56.54), for a total value of £566,404.30 ($740,107.54).
About Rio Tinto
Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.
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