Insider Buying: Rio Tinto plc (RIO) Insider Buys 11 Shares of Stock

Rio Tinto plc (LON:RIO) insider Jean-Sébastien Jacques bought 11 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were purchased at an average cost of GBX 3,501 ($45.61) per share, with a total value of £385.11 ($501.71).

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

  • On Wednesday, July 19th, Jean-Sébastien Jacques sold 5 shares of Rio Tinto plc stock. The shares were sold at an average price of GBX 3,445 ($44.88), for a total transaction of £172.25 ($224.40).
  • On Thursday, April 20th, Jean-Sébastien Jacques sold 5 shares of Rio Tinto plc stock. The shares were sold at an average price of GBX 3,031 ($39.49), for a total transaction of £151.55 ($197.43).
  • On Monday, April 24th, Jean-Sébastien Jacques purchased 12 shares of Rio Tinto plc stock. The stock was bought at an average cost of GBX 3,043 ($39.64) per share, for a total transaction of £365.16 ($475.72).

Shares of Rio Tinto plc (RIO) traded up 0.23% during mid-day trading on Friday, reaching GBX 3504.00. 3,547,122 shares of the company’s stock were exchanged. Rio Tinto plc has a 52 week low of GBX 2,253.50 and a 52 week high of GBX 3,718.50. The stock’s market cap is GBX 63.04 billion. The stock has a 50 day moving average price of GBX 3,288.68 and a 200 day moving average price of GBX 3,283.23.

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Several brokerages have issued reports on RIO. J P Morgan Chase & Co lifted their target price on shares of Rio Tinto plc from GBX 3,950 ($51.46) to GBX 4,000 ($52.11) and gave the stock an “overweight” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 2,900 ($37.78) price target on shares of Rio Tinto plc in a report on Thursday, July 20th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 3,800 ($49.50) price target on shares of Rio Tinto plc in a report on Thursday, July 20th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 4,200 ($54.72) price target on shares of Rio Tinto plc in a report on Wednesday, July 19th. Finally, Macquarie reiterated an “outperform” rating and set a GBX 4,000 ($52.11) price target on shares of Rio Tinto plc in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 3,731.25 ($48.61).

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.

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

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