Rio Tinto Group (LON:RIO) Insider Peter Cunningham Sells 4 Shares

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 4 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of GBX 5,011 ($65.06), for a total transaction of £200.44 ($260.24).

Rio Tinto Group Stock Down 0.7 %

Rio Tinto Group stock opened at GBX 4,963 ($64.44) on Tuesday. The firm has a 50 day moving average price of GBX 4,907.01 and a two-hundred day moving average price of GBX 5,158.53. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70. Rio Tinto Group has a 52-week low of GBX 4,509 ($58.54) and a 52-week high of GBX 5,910 ($76.73). The firm has a market cap of £62.04 billion, a price-to-earnings ratio of 984.72, a PEG ratio of -0.64 and a beta of 0.59.

Rio Tinto Group Cuts Dividend

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

Analyst Ratings Changes

RIO has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 5,700 ($74.01) price target on shares of Rio Tinto Group in a research note on Thursday, August 1st. Berenberg Bank reissued a “buy” rating and issued a GBX 6,200 ($80.50) target price on shares of Rio Tinto Group in a report on Tuesday, October 15th. Bank of America reaffirmed a “buy” rating and set a GBX 7,700 ($99.97) price target on shares of Rio Tinto Group in a report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Rio Tinto Group from GBX 6,200 ($80.50) to GBX 6,000 ($77.90) and set a “buy” rating on the stock in a research note on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 6,338.33 ($82.29).

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.