Analysts Set Rio Tinto Group (LON:RIO) PT at GBX 6,338.33

Rio Tinto Group (LON:RIO) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 6,338.33 ($82.29).

RIO has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 5,700 ($74.01) price objective on shares of Rio Tinto Group in a report on Thursday, August 1st. Berenberg Bank restated a “buy” rating and issued a GBX 6,200 ($80.50) target price on shares of Rio Tinto Group in a research report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on Rio Tinto Group from GBX 6,500 ($84.39) to GBX 6,430 ($83.48) and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Rio Tinto Group from GBX 6,200 ($80.50) to GBX 6,000 ($77.90) and set a “buy” rating for the company in a research report on Monday, September 9th.

Rio Tinto Group Stock Performance

Rio Tinto Group has a twelve month low of GBX 4,509 ($58.54) and a twelve month high of GBX 5,910 ($76.73). The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01. The stock has a market capitalization of £62.78 billion, a price-to-earnings ratio of 996.43, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The stock’s 50 day simple moving average is GBX 4,908.93 and its 200-day simple moving average is GBX 5,155.68.

Rio Tinto Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 15th were given a $1.77 dividend. The ex-dividend date was Thursday, August 15th. This represents a yield of 2.79%. Rio Tinto Group’s payout ratio is currently 6,706.35%.

Insider Buying and Selling at Rio Tinto Group

In related news, insider Simon Henry acquired 200 shares of the stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average price of GBX 4,956 ($64.35) per share, for a total transaction of £9,912 ($12,869.38). Corporate insiders own 14.62% of the company’s stock.

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.