Rio Tinto plc (LON:RIO) declared a dividend on Wednesday, August 2nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 83.13 ($1.08) per share on Thursday, September 21st. This represents a dividend yield of 2.31%. The ex-dividend date is Thursday, August 10th. The official announcement can be viewed at this link.
Shares of Rio Tinto plc (LON:RIO) remained flat at GBX 3429.50 on Friday. 4,045,776 shares of the company’s stock traded hands. The company’s market capitalization is GBX 61.49 billion. Rio Tinto plc has a 52-week low of GBX 2,253.50 and a 52-week high of GBX 3,718.50. The stock’s 50 day moving average is GBX 3,434.82 and its 200 day moving average is GBX 3,286.42.
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In related news, insider Christopher Lynch sold 7,582 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of GBX 3,108 ($40.35), for a total value of £235,648.56 ($305,917.90). Also, insider Jean-Sébastien Jacques acquired 11 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was purchased at an average cost of GBX 3,501 ($45.45) per share, for a total transaction of £385.11 ($499.95).
RIO has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 2,900 ($37.65) price objective on shares of Rio Tinto plc in a research report on Friday, July 14th. J P Morgan Chase & Co decreased their target price on Rio Tinto plc from GBX 4,200 ($54.52) to GBX 4,150 ($53.88) and set an “overweight” rating on the stock in a research report on Tuesday, May 2nd. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 4,140 ($53.75) target price on shares of Rio Tinto plc in a research report on Thursday, May 4th. Macquarie reiterated an “outperform” rating and issued a GBX 4,100 ($53.23) target price on shares of Rio Tinto plc in a research report on Friday, May 12th. Finally, Bank of America Corporation set a GBX 4,500 ($58.42) target price on Rio Tinto plc and gave the stock a “buy” rating in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Rio Tinto plc has a consensus rating of “Buy” and a consensus price target of GBX 3,738.75 ($48.54).
Rio Tinto plc Company Profile
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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