Somewhat Critical Press Coverage Somewhat Unlikely to Affect Rio Tinto PLC (NYSE:RIO) Share Price

News headlines about Rio Tinto PLC (NYSE:RIO) have been trending somewhat negative recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rio Tinto PLC earned a news impact score of -0.04 on Accern’s scale. Accern also gave media headlines about the mining company an impact score of 41.2559781298248 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s rankings:

RIO has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Jefferies Group LLC set a $52.00 target price on shares of Rio Tinto PLC and gave the stock a “buy” rating in a research report on Friday. Axiom Securities restated a “sell” rating on shares of Rio Tinto PLC in a research report on Thursday, July 13th. BidaskClub lowered shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Clarkson Capital reiterated a “buy” rating on shares of Rio Tinto PLC in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $43.00.

Rio Tinto PLC (RIO) traded up 0.72% during mid-day trading on Friday, hitting $44.64. 1,906,551 shares of the stock were exchanged. The company has a 50 day moving average of $45.16 and a 200 day moving average of $42.11. The firm has a market cap of $80.04 billion, a P/E ratio of 13.01 and a beta of 0.98. Rio Tinto PLC has a 12-month low of $29.62 and a 12-month high of $48.03.

The company also recently declared a None dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, August 11th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, August 9th.

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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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