Credit Suisse Group reissued their neutral rating on shares of Rio Tinto (LON:RIO) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also recently issued reports on the stock. Citigroup dropped their price objective on shares of Rio Tinto from GBX 4,900 ($64.03) to GBX 4,800 ($62.72) and set a buy rating for the company in a research note on Thursday, May 2nd. Barclays set a GBX 4,150 ($54.23) price objective on shares of Rio Tinto and gave the company a neutral rating in a research note on Thursday, April 18th. Investec cut shares of Rio Tinto to a hold rating and dropped their price objective for the company from GBX 4,824 ($63.03) to GBX 4,801 ($62.73) in a research note on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price objective on shares of Rio Tinto from GBX 5,300 ($69.25) to GBX 5,200 ($67.95) and set an overweight rating for the company in a research note on Wednesday, April 17th. Finally, Goldman Sachs Group set a GBX 5,500 ($71.87) price objective on shares of Rio Tinto and gave the company a buy rating in a research note on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 4,388.05 ($57.34).
Rio Tinto has a one year low of GBX 3,460.50 ($45.22) and a one year high of GBX 4,790.50 ($62.60). The stock has a market cap of $55.65 billion and a price-to-earnings ratio of 5.61. The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 25.60.
The company also recently announced a dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 7th were given a dividend of GBX 319.51 ($4.17) per share. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 7.28%. This is a boost from Rio Tinto’s previous dividend of $96.82. Rio Tinto’s dividend payout ratio (DPR) is 0.30%.
In related news, insider Jean-Sébastien Jacques sold 13,090 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 4,327 ($56.54), for a total transaction of £566,404.30 ($740,107.54).
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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