Shares of Rio Tinto Group (LON:RIO – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 6,271.67 ($83.89).
A number of research firms have commented on RIO. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 5,700 ($76.24) target price on shares of Rio Tinto Group in a research report on Thursday, August 1st. Bank of America restated a “buy” rating and issued a GBX 7,700 ($103.00) price objective on shares of Rio Tinto Group in a report on Wednesday, June 26th. Berenberg Bank lowered shares of Rio Tinto Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from GBX 5,900 ($78.92) to GBX 5,800 ($77.58) in a research note on Wednesday, June 26th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Monday, June 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Rio Tinto Group from GBX 6,200 ($82.93) to GBX 6,000 ($80.26) and set a “buy” rating on the stock in a report on Monday, September 9th.
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Rio Tinto Group Trading Down 0.9 %
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 given a $1.77 dividend. This represents a yield of 2.79%. The ex-dividend date was Thursday, August 15th. Rio Tinto Group’s dividend payout ratio is currently 6,869.92%.
Rio Tinto Group Company Profile
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.
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