2 weeks Ago By ABMN Staff
Shares of Rio Tinto Group ( LON:RIO – Get Free Report ) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 6,271.
67 ($83.98). A number of brokerages recently issued reports on RIO.
JPMorgan Chase & Co. dropped their target price on shares of Rio Tinto Group from GBX 6,500 ($87.04) to GBX 6,430 ($86.
10) and set an “overweight” rating for the company in a research report on Thursday, August 1st. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a research report on Monday, June 17th. Berenberg Bank downgraded Rio Tinto Group from a “buy” rating to a “hold” rating and cut their price objective for the company from GBX 5,900 ($79.
00) to GBX 5,800 ($77.66) in a research report on Wednesday, June 26th. Bank of America restated a “buy” rating and set a GBX 7,700 ($103.
11) target price on shares of Rio Tinto Group in a report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Rio Tinto Group from GBX 6,200 ($83.02) to GBX 6,000 ($80.
34) and set a “buy” rating for the company in a research note on Monday, September 9th. View Our Latest Stock Analysis on RIO Rio Tinto Group Price Performance Rio Tinto Group Cuts Dividend The business also recently declared a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 15th were paid a $1.
77 dividend. This represents a yield of 2.79%.
The ex-dividend date of this dividend was Thursday, August 15th. Rio Tinto Group’s payout ratio is currently 6,773.55%.
Rio Tinto Group Company Profile ( Get Free Report Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia.
The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting. Further Reading Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter .
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