Rio Tinto (RIO) Stock Rating Reaffirmed by Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of Rio Tinto (LON:RIO) in a research report report published on Tuesday. Credit Suisse Group currently has a GBX 4,300 ($59.41) price target on the stock.

Other analysts also recently issued reports about the company. Goldman Sachs Group set a GBX 3,300 ($45.59) target price on Rio Tinto and gave the company a neutral rating in a research note on Monday, February 5th. Barclays raised their target price on Rio Tinto from GBX 4,100 ($56.65) to GBX 4,500 ($62.17) and gave the company an overweight rating in a research note on Tuesday, October 24th. Royal Bank of Canada set a GBX 4,200 ($58.03) price target on shares of Rio Tinto and gave the company a neutral rating in a research report on Wednesday, February 7th. Liberum Capital reaffirmed a sell rating and issued a GBX 2,750 ($37.99) price target on shares of Rio Tinto in a research report on Wednesday, February 7th. Finally, HSBC dropped their price target on shares of Rio Tinto from GBX 4,300 ($59.41) to GBX 4,100 ($56.65) and set a hold rating on the stock in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Rio Tinto has a consensus rating of Buy and an average price target of GBX 4,127.63 ($57.03).

Shares of Rio Tinto (LON RIO) opened at GBX 3,999 ($55.25) on Tuesday. The company has a market capitalization of $71,670.00 and a PE ratio of 1,145.85. Rio Tinto has a 12 month low of GBX 2,882.50 ($39.82) and a 12 month high of GBX 4,226.56 ($58.39).

The company also recently announced a dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 1st will be given a dividend of GBX 129.43 ($1.79) per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a dividend yield of 3.42%. This is a boost from Rio Tinto’s previous dividend of $83.13.

In other Rio Tinto news, insider Christopher Lynch sold 9,505 shares of Rio Tinto stock in a transaction that occurred on Monday, February 19th. The shares were sold at an average price of GBX 4,072 ($56.26), for a total transaction of £387,043.60 ($534,738.33).

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Rio Tinto 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.

Analyst Recommendations for Rio Tinto (LON:RIO)

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