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

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Rio Tinto plc (LON:RIO) insider Jean-Sébastien Jacques sold 12,347 shares of Rio Tinto stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of GBX 4,226 ($55.22), for a total transaction 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).

RIO stock traded up GBX 5 ($0.07) during midday trading on Wednesday, reaching GBX 4,179.50 ($54.61). 1,983,192 shares of the stock were exchanged, compared to its average volume of 4,860,000. Rio Tinto plc has a 52 week low of GBX 3,489 ($45.59) and a 52 week high of GBX 5,039 ($65.84). The company has a fifty day moving average price of GBX 4,144.30 and a 200 day moving average price of GBX 4,375.50. The company has a debt-to-equity ratio of 31.97, a current ratio of 1.52 and a quick ratio of 1.17. The stock has a market capitalization of $52.65 billion and a PE ratio of 5.24.

A number of research firms recently commented on RIO. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 3,820 ($49.92) price target (down previously from GBX 4,340 ($56.71)) on shares of Rio Tinto in a research note on Monday, October 14th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Rio Tinto in a report on Tuesday. Barclays reiterated an “underweight” rating on shares of Rio Tinto in a research report on Wednesday, November 27th. Citigroup reissued a “buy” rating on shares of Rio Tinto in a research note on Friday, November 1st. Finally, Royal Bank of Canada upgraded shares of Rio Tinto from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from GBX 3,700 ($48.35) to GBX 3,900 ($50.96) in a research report on Monday. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 4,410.80 ($57.63).

Rio Tinto Company Profile

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.

See Also: Dead Cat Bounce

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

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