Rio Tinto Group (LON:RIO) Insider Jakob Stausholm Sells 6,489 Shares

Rio Tinto Group (LON:RIO) insider Jakob Stausholm sold 6,489 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.20), for a total transaction of £323,671.32 ($410,125.85).

Rio Tinto Group Trading Down 0.4 %

LON RIO traded down GBX 21.34 ($0.27) on Wednesday, hitting GBX 4,998.66 ($63.34). 1,953,263 shares of the stock were exchanged, compared to its average volume of 6,400,412. Rio Tinto Group has a 52-week low of GBX 4,509 ($57.13) and a 52-week high of GBX 5,910 ($74.89). The firm has a market capitalization of £62.48 billion, a P/E ratio of 986.11, a P/E/G ratio of -0.64 and a beta of 0.59. The stock has a fifty day moving average price of GBX 5,014.30 and a two-hundred day moving average price of GBX 5,096.59. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70.

Wall Street Analyst Weigh In

Several analysts have weighed in on RIO shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,200 ($78.56) price objective on shares of Rio Tinto Group in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Rio Tinto Group from GBX 6,200 ($78.56) to GBX 6,000 ($76.03) and set a “buy” rating for the company in a report on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Rio Tinto Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 6,338.33 ($80.31).

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.