RIO has been the subject of several other reports. Zacks Investment Research downgraded Rio Tinto PLC from a hold rating to a strong sell rating in a research note on Wednesday, June 21st. Bank of America Corporation upgraded Rio Tinto PLC from an underperform rating to a buy rating in a research note on Friday, June 30th. ValuEngine raised Rio Tinto PLC from a buy rating to a strong-buy rating in a report on Thursday, May 11th. BidaskClub cut Rio Tinto PLC from a hold rating to a sell rating in a report on Saturday, June 17th. Finally, Royal Bank Of Canada raised Rio Tinto PLC from an outperform rating to a top pick rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $41.80.
Rio Tinto PLC (NYSE:RIO) opened at 47.29 on Thursday. The stock has a market cap of $84.94 billion, a P/E ratio of 13.79 and a beta of 0.98. The stock has a 50 day moving average of $43.46 and a 200-day moving average of $42.02. Rio Tinto PLC has a one year low of $29.62 and a one year high of $47.61.
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The firm also recently announced a None dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, August 9th.
Large investors have recently made changes to their positions in the stock. Regent Investment Management LLC acquired a new stake in shares of Rio Tinto PLC during the first quarter valued at approximately $998,000. Barings LLC acquired a new stake in shares of Rio Tinto PLC during the first quarter valued at approximately $419,000. Pinnacle Associates Ltd. raised its stake in shares of Rio Tinto PLC by 1.4% in the first quarter. Pinnacle Associates Ltd. now owns 87,607 shares of the mining company’s stock valued at $3,564,000 after buying an additional 1,199 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Rio Tinto PLC by 1.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 53,031 shares of the mining company’s stock valued at $2,157,000 after buying an additional 1,001 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in Rio Tinto PLC during the first quarter worth $1,455,000. Institutional investors own 7.15% of the company’s stock.
Rio Tinto PLC 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.
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