JPMorgan Chase & Co. reiterated their overweight rating on shares of Rio Tinto (LON:RIO) in a research note released on Monday, Borsen Zeitung reports. They currently have a GBX 5,610 ($73.30) price target on the stock.
Other research analysts also recently issued reports about the company. Citigroup reiterated a buy rating on shares of Rio Tinto in a report on Tuesday, July 30th. DZ Bank upgraded Rio Tinto to a buy rating and boosted their price target for the company from GBX 4,500 ($58.80) to GBX 5,100 ($66.64) in a report on Tuesday, August 6th. Royal Bank of Canada reiterated an underperform rating on shares of Rio Tinto in a report on Friday, August 2nd. Barclays set a GBX 4,000 ($52.27) price target on Rio Tinto and gave the company a sell rating in a report on Thursday, August 1st. Finally, UBS Group reiterated a neutral rating and issued a GBX 4,500 ($58.80) price target (down from GBX 4,700 ($61.41)) on shares of Rio Tinto in a report on Wednesday, July 31st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 4,512.05 ($58.96).
Shares of RIO opened at GBX 4,026 ($52.61) on Monday. The company has a fifty day simple moving average of GBX 4,615.79. The company has a debt-to-equity ratio of 31.97, a current ratio of 1.52 and a quick ratio of 1.17. The firm has a market cap of $50.99 billion and a P/E ratio of 5.05. Rio Tinto has a fifty-two week low of GBX 3,460.50 ($45.22) and a fifty-two week high of GBX 5,039 ($65.84).
The business also recently disclosed a dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, August 8th will be paid a dividend of GBX 173.14 ($2.26) per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 3.8%. Rio Tinto’s dividend payout ratio is presently 0.32%.
In other news, insider Jean-Sébastien Jacques sold 7 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of GBX 4,808 ($62.83), for a total transaction of £336.56 ($439.78). Insiders have sold a total of 4,025 shares of company stock valued at $18,156,922 over the last three months.
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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