Rio Tinto plc (LON:RIO) Insider Sells 12,347 Shares of Stock

Rio Tinto plc (LON:RIO) insider Jean-Sébastien Jacques sold 12,347 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of GBX 4,226 ($55.22), for a total value of £521,784.22 ($681,803.50).

Jean-Sébastien Jacques also recently made the following trade(s):

  • On Monday, October 21st, Jean-Sébastien Jacques sold 7 shares of Rio Tinto stock. The shares were sold at an average price of GBX 4,007 ($52.36), for a total value of £280.49 ($366.51).

LON RIO traded up GBX 5 ($0.07) during trading on Wednesday, hitting GBX 4,179.50 ($54.61). The stock had a trading volume of 1,983,192 shares, compared to its average volume of 4,860,000. Rio Tinto plc has a 12 month low of GBX 3,489 ($45.59) and a 12 month high of GBX 5,039 ($65.84). The company has a debt-to-equity ratio of 31.97, a quick ratio of 1.17 and a current ratio of 1.52. The company’s 50-day moving average price is GBX 4,144.30 and its two-hundred day moving average price is GBX 4,375.50. The company has a market capitalization of $52.65 billion and a PE ratio of 5.24.

Several research firms recently weighed in on RIO. Independent Research reduced their price objective on shares of Rio Tinto from GBX 4,500 ($58.80) to GBX 4,300 ($56.19) and set a “hold” rating on the stock in a research note on Monday, October 21st. Deutsche Bank reaffirmed a “hold” rating on shares of Rio Tinto in a research note on Wednesday, November 27th. Bank of America reiterated an “underperform” rating on shares of Rio Tinto in a report on Tuesday, October 8th. HSBC lowered their price objective on shares of Rio Tinto from GBX 4,750 ($62.07) to GBX 4,725 ($61.74) and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Rio Tinto in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 4,410.80 ($57.63).

About Rio Tinto

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Insider Buying and Selling by Quarter for Rio Tinto (LON:RIO)

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