Rio Tinto (LON:RIO) Given a GBX 5,100 Price Target by Deutsche Bank Analysts

Deutsche Bank set a GBX 5,100 ($66.64) price objective on Rio Tinto (LON:RIO) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Shore Capital restated a not rated rating on shares of Rio Tinto in a research report on Thursday, June 6th. Investec downgraded shares of Rio Tinto to a hold rating and reduced their price objective for the company from GBX 4,824 ($63.03) to GBX 4,801 ($62.73) in a research report on Wednesday, April 17th. HSBC set a GBX 5,200 ($67.95) price objective on shares of Rio Tinto and gave the company a neutral rating in a research report on Monday, July 15th. Credit Suisse Group set a GBX 4,300 ($56.19) price objective on shares of Rio Tinto and gave the company a sell rating in a research report on Wednesday, July 24th. Finally, Citigroup restated a buy rating on shares of Rio Tinto in a research report on Tuesday. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 4,479.53 ($58.53).

Shares of RIO traded down GBX 153 ($2.00) during mid-day trading on Friday, hitting GBX 4,386.50 ($57.32). 6,190,212 shares of the company’s stock were exchanged, compared to its average volume of 4,860,000. Rio Tinto has a fifty-two week low of GBX 3,460.50 ($45.22) and a fifty-two week high of GBX 5,039 ($65.84). The stock has a market cap of $55.60 billion and a price-to-earnings ratio of 5.57. The company has a 50 day simple moving average of GBX 4,768.90. The company has a debt-to-equity ratio of 25.60, a current ratio of 1.92 and a quick ratio of 1.51.

The company also recently disclosed a dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, August 8th will be given a GBX 173.14 ($2.26) dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 3.8%. Rio Tinto’s payout ratio is currently 0.30%.

In related news, insider Jean-Sébastien Jacques sold 7 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of GBX 4,808 ($62.83), for a total value of £336.56 ($439.78). In the last 90 days, insiders sold 4,025 shares of company stock valued at $18,156,922.

Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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