Rio Tinto plc (LON:RIO) insider Christopher Lynch bought 26,066 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of GBX 3,490 ($46.97) per share, for a total transaction of £909,703.40 ($1,224,365.28).
Rio Tinto plc (LON:RIO) opened at GBX 3,468.50 ($46.68) on Wednesday. Rio Tinto plc has a 12-month low of GBX 2,882.50 ($38.80) and a 12-month high of GBX 4,226.56 ($56.89).
RIO has been the topic of a number of analyst reports. Barclays reissued an “overweight” rating and issued a GBX 4,100 ($55.18) target price on shares of Rio Tinto in a research note on Tuesday, August 8th. Macquarie reissued an “outperform” rating and issued a GBX 4,000 ($53.84) target price on shares of Rio Tinto in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a “top pick” rating and issued a GBX 4,200 ($56.53) target price on shares of Rio Tinto in a research note on Wednesday, August 9th. UBS set a GBX 3,750 ($50.47) target price on shares of Rio Tinto and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, Goldman Sachs Group set a GBX 3,000 ($40.38) target price on shares of Rio Tinto and gave the company a “neutral” rating in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 3,954.75 ($53.23).
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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