Rio Tinto Group - RIO Share Forecast, Price & News

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. set a GBX 5,800 ($70.08) price objective on shares of Rio Tinto Group in a research note on Thursday, July 28th. Citigroup reaffirmed a "buy" rating and set a GBX 6,000 ($72.50) price objective on shares of Rio Tinto Group in a research report on Thursday, July 28th. Credit Suisse Group set a GBX 5,800 ($70.08) target price on shares of Rio Tinto Group in a report on Thursday, July 28th. Berenberg Bank set a GBX 4,300 ($51.96) price objective on shares of Rio Tinto Group in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Rio Tinto Group from GBX 5,300 ($64.04) to GBX 5,350 ($64.64) and gave the stock a "neutral" rating in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 5,344.62 ($64.58).

Rio Tinto Group Stock Up 3.6 %

RIO opened at GBX 4,907 ($59.29) on Tuesday. Rio Tinto Group has a one year low of GBX 4,354 ($52.61) and a one year high of GBX 6,343 ($76.64). The company has a debt-to-equity ratio of 22.45, a quick ratio of 1.34 and a current ratio of 1.79. The stock's fifty day moving average is GBX 5,000.01 and its 200-day moving average is GBX 5,456.44. The company has a market capitalization of £79.52 billion and a PE ratio of 532.08.

Rio Tinto Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, August 11th will be issued a dividend of GBX 221.63 ($2.68) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a dividend yield of 4.59%. Rio Tinto Group's dividend payout ratio is 87.14%.

Insider Buying and Selling at Rio Tinto Group

In related news, insider Jakob Stausholm purchased 10,000 shares of Rio Tinto Group stock in a transaction on Thursday, July 28th. The stock was bought at an average price of GBX 4,857 ($58.69) per share, with a total value of £485,700 ($586,877.72).