Rio Tinto Group (LON:RIO) Insider Simon Henry Purchases 200 Shares

Rio Tinto Group (LON:RIO) insider Simon Henry purchased 200 shares of Rio Tinto Group stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of GBX 4,956 ($64.35) per share, for a total transaction of £9,912 ($12,869.38).

Rio Tinto Group Stock Down 0.3 %

RIO stock opened at GBX 4,934.50 ($64.07) on Friday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($58.54) and a fifty-two week high of GBX 5,910 ($76.73). The firm’s 50-day simple moving average is GBX 4,909.08 and its 200 day simple moving average is GBX 5,156.95. The stock has a market cap of £61.68 billion, a PE ratio of 979.07, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.

Rio Tinto Group Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 15th were paid a dividend of $1.77 per share. The ex-dividend date was Thursday, August 15th. This represents a yield of 2.79%. Rio Tinto Group’s payout ratio is 6,706.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 6,200 ($80.50) price target on shares of Rio Tinto Group in a research report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price target on shares of Rio Tinto Group from GBX 6,500 ($84.39) to GBX 6,430 ($83.48) and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Rio Tinto Group from GBX 6,200 ($80.50) to GBX 6,000 ($77.90) and set a “buy” rating on the stock in a report on Monday, September 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 5,700 ($74.01) price objective on shares of Rio Tinto Group in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,338.33 ($82.29).

About Rio Tinto Group

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.