Rio Tinto PLC (NYSE:RIO – Get Free Report) has earned an average recommendation of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $101.6250.
Several equities research analysts have weighed in on the stock. Erste Group Bank downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Thursday, August 27th. Morgan Stanley started coverage on Rio Tinto in a research report on Monday, August 24th. They set an “underweight” rating and a $90.00 target price on the stock. Berenberg Bank set a $113.00 price target on Rio Tinto in a research note on Thursday, July 30th. DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a research note on Friday, May 15th.
Check Out Our Latest Stock Report on RIO
Institutional Inflows and Outflows
Rio Tinto Stock Up 0.4%
RIO stock opened at $103.21 on Friday. Rio Tinto has a one year low of $61.72 and a one year high of $112.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.42 and a quick ratio of 0.93. The firm has a 50-day simple moving average of $96.87 and a two-hundred day simple moving average of $97.90.
Rio Tinto Dividend Announcement
The company also recently declared a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, August 14th will be given a dividend of $2.11 per share. This represents a yield of 441.0%. The ex-dividend date is Friday, August 14th.
Rio Tinto Company Profile
Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.
The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.
Further Reading
- Five stocks we like better than Rio Tinto
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.
