Rio Tinto plc (LON:RIO) announced a dividend on Wednesday, August 2nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 83.13 ($1.08) per share on Thursday, September 21st. This represents a dividend yield of 2.31%. The ex-dividend date is Thursday, August 10th. The official announcement can be seen at this link.
Shares of Rio Tinto plc (LON RIO) remained flat at GBX 3429.50 during trading on Friday. The company’s stock had a trading volume of 4,045,776 shares. The firm’s market cap is GBX 61.49 billion. Rio Tinto plc has a 52-week low of GBX 2,253.50 and a 52-week high of GBX 3,718.50. The firm’s 50-day moving average is GBX 3,434.82 and its 200-day moving average is GBX 3,286.42.
In other Rio Tinto plc news, insider Christopher Lynch sold 7,582 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of GBX 3,108 ($40.35), for a total transaction of £235,648.56 ($305,917.90). Also, insider W Sam H. Laidlaw bought 7,500 shares of the stock in a transaction on Monday, August 14th. The shares were bought at an average price of GBX 3,420 ($44.40) per share, for a total transaction of £256,500 ($332,987.15).
RIO has been the subject of a number of research reports. Macquarie reissued an “outperform” rating and issued a GBX 4,000 ($51.93) price target on shares of Rio Tinto plc in a research report on Friday, April 21st. Deutsche Bank AG reissued a “buy” rating and issued a GBX 4,140 ($53.75) price target on shares of Rio Tinto plc in a research report on Friday, April 21st. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 4,200 ($54.52) price target on shares of Rio Tinto plc in a research report on Friday, April 21st. Barclays PLC reduced their price target on shares of Rio Tinto plc from GBX 4,490 ($58.29) to GBX 4,300 ($55.82) and set an “overweight” rating for the company in a research report on Friday, April 21st. Finally, Goldman Sachs Group, Inc. (The) set a GBX 2,800 ($36.35) price target on shares of Rio Tinto plc and gave the company a “neutral” rating in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 3,738.75 ($48.54).
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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