Shares of Rio Tinto Group (LON:RIO – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 6,338.33 ($82.20).
Several research analysts recently commented on RIO shares. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 5,700 ($73.92) price target on shares of Rio Tinto Group in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their price objective on shares of Rio Tinto Group from GBX 6,500 ($84.30) to GBX 6,430 ($83.39) and set an “overweight” rating on the stock in a report on Thursday, August 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,200 ($80.40) target price on shares of Rio Tinto Group in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Rio Tinto Group from GBX 6,200 ($80.40) to GBX 6,000 ($77.81) and set a “buy” rating on the stock in a research note on Monday, September 9th.
Read Our Latest Stock Analysis on RIO
Insider Transactions at Rio Tinto Group
Rio Tinto Group Stock Up 1.0 %
Rio Tinto Group stock opened at GBX 5,130 ($66.53) on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.01. The company has a market capitalization of £64.13 billion, a P/E ratio of 1,007.34, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 1-year low of GBX 4,509 ($58.47) and a 1-year high of GBX 5,910 ($76.64). The firm’s fifty day simple moving average is GBX 4,911.89 and its 200-day simple moving average is GBX 5,155.68.
Rio Tinto Group Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 15th were paid a $1.77 dividend. This represents a yield of 2.79%. The ex-dividend date of this dividend was Thursday, August 15th. Rio Tinto Group’s dividend payout ratio is currently 6,706.35%.
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.
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