Rio Tinto plc (LON:RIO) insider Simon Henry purchased 500 shares of Rio Tinto stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average cost of GBX 3,155 ($41.50) per share, with a total value of £15,775 ($20,751.12).
Shares of LON:RIO opened at GBX 3,750 ($49.33) on Friday. Rio Tinto plc has a fifty-two week low of GBX 2,968 ($39.04) and a fifty-two week high of GBX 5,039 ($66.29). The company has a quick ratio of 1.22, a current ratio of 1.56 and a debt-to-equity ratio of 31.20. The firm’s 50-day simple moving average is GBX 3,752.14 and its 200-day simple moving average is GBX 4,141. The company has a market cap of $45.92 billion and a price-to-earnings ratio of 7.69.
The company also recently declared a dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, March 5th will be issued a dividend of GBX 177.47 ($2.33) per share. This is a boost from Rio Tinto’s previous dividend of $173.14. This represents a yield of 4.53%. The ex-dividend date is Thursday, March 5th. Rio Tinto’s dividend payout ratio is currently 0.62%.
RIO has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Rio Tinto from GBX 4,710 ($61.96) to GBX 4,860 ($63.93) and gave the company a “neutral” rating in a research report on Friday, March 20th. Deutsche Bank reduced their target price on shares of Rio Tinto from GBX 4,400 ($57.88) to GBX 3,900 ($51.30) and set a “hold” rating for the company in a report on Friday, March 20th. Societe Generale upgraded shares of Rio Tinto to a “buy” rating in a research note on Wednesday, March 4th. Royal Bank of Canada lowered Rio Tinto from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from GBX 3,800 ($49.99) to GBX 3,300 ($43.41) in a report on Tuesday, February 11th. Finally, Goldman Sachs Group dropped their price target on Rio Tinto from GBX 4,900 ($64.46) to GBX 4,550 ($59.85) and set a “buy” rating on the stock in a research report on Friday, February 28th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Rio Tinto has a consensus rating of “Hold” and an average target price of GBX 4,271.24 ($56.19).
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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