Other equities research analysts also recently issued reports about the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 3,465 ($43.03). Sanford C. Bernstein restated an overweight rating on shares of Rio Tinto plc in a report on Saturday, January 14th.
Rio Tinto plc (RIO) has a market capitalization of 73.34 Billion which suggests the company is a huge company further suggesting that the shares of Rio Tinto plc (RIO) are stable and safe compared to the lower market capitalization companies.
Rio Tinto plc with EPIC/TICKER LON:RIO has had its stock rating noted as "Reiterates" with the recommendation being set at "SELL" today by analysts at Liberum Capital. HSBC Holdings plc reiterated a buy rating and issued a GBX 4,000 ($49.93) price objective on shares of Rio Tinto plc in a report on Tuesday, January 17th. The company now has a consensus rating of Hold and an average price target of $42.43.
TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright legislation. Analyst's mean target price for RIO is $47.84 while analysts mean recommendation is 2.00.
"Rio Tinto is a major contributor to society and we are proud of the economic activity and wealth we generate through taxes, royalties, employee wages, payments to suppliers and investment in communities", he said.
Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks.
Dragon Quest XI Japanese Release Set for July 29th
Unfortunately, we didn't hear anything about the Nintendo Switch version, but hopefully we'll hear about that one soon. Along with that, both Sony Japan and Nintendo have plans to release special hardware bundles for the upcoming RPG.
Rio Tinto has a 52 week low of $26.95 and a 52 week high of $47.11 with a P/E ratio of 15.91 Rio Tinto's market capitalization is now $0.
Now the shares of Rio Tinto plc (RIO) has the trading volume of 2.82 Million shares with the average trading volume of 3240 shares.
The company also recently disclosed a dividend, which was paid on Thursday, April 6th. Investors of record on Friday, February 24th were given a dividend of $1.2582 per share. The ex-dividend date was Wednesday, February 22nd. This represents a dividend yield of 2.98%.
CLSA has upgraded Rio Tinto (NYSE:RIO) from Outperform to Buy in a statement released on 4/07/2017.
In other news, insider Jean-Sébastien Jacques sold 3,325 shares of the stock in a transaction that occurred on Monday, February 20th. The stock's 50 day moving average is GBX 3,324.47 and its 200-day moving average is GBX 3,133.85.
Mining giant Rio Tinto Ltd (RIO.AX) (RIO.L) said on Sunday it paid $4 billion (3 billion pounds) in taxes and royalties globally in 2016, a 12 percent drop on 2015 that primarily reflected lower earnings.
Comments