Simon Henry Buys 200 Shares of Rio Tinto Group (LON:RIO) Stock

Rio Tinto Group (LON:RIO) insider Simon Henry purchased 200 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of GBX 4,956 ($64.35) per share, for a total transaction of £9,912 ($12,869.38).

Rio Tinto Group Stock Performance

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 company’s 50 day moving average price is GBX 4,908.93 and its two-hundred day moving average price is GBX 5,155.68. The stock has a market capitalization of £62.78 billion, a price-to-earnings ratio of 996.43, a P/E/G ratio of -0.64 and a beta of 0.59. 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 Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RIO. Berenberg Bank restated a “buy” rating and set a GBX 6,200 ($80.50) target price on shares of Rio Tinto Group in a research report on Tuesday, October 15th. Royal Bank of Canada restated 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. Deutsche Bank Aktiengesellschaft reduced their target price on 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. Finally, JPMorgan Chase & Co. lowered their target price 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 note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,338.33 ($82.29).

About Rio Tinto Group

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.