Rio Tinto (LON:RIO) Given a GBX 5,000 Price Target at Credit Suisse Group

Credit Suisse Group set a GBX 5,000 ($64.72) price target on Rio Tinto (LON:RIO) in a report published on Tuesday, July 17th. The brokerage currently has a buy rating on the stock.

RIO has been the topic of a number of other research reports. JPMorgan Chase & Co. set a GBX 5,150 ($66.67) price objective on Rio Tinto and gave the stock a neutral rating in a research note on Tuesday, July 17th. Deutsche Bank reissued a hold rating on shares of Rio Tinto in a research report on Monday, July 16th. UBS Group reissued a buy rating and set a GBX 4,700 ($60.84) price target on shares of Rio Tinto in a research report on Friday, July 13th. HSBC set a GBX 4,950 ($64.08) price target on Rio Tinto and gave the company a buy rating in a research report on Thursday, July 12th. Finally, Morgan Stanley increased their price target on Rio Tinto from GBX 3,430 ($44.40) to GBX 4,100 ($53.07) and gave the company an equal weight rating in a research report on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 4,193.33 ($54.28).

LON RIO traded down GBX 78.50 ($1.02) during trading on Tuesday, hitting GBX 3,803 ($49.23). The company’s stock had a trading volume of 6,642,488 shares, compared to its average volume of 4,860,000. Rio Tinto has a 52 week low of GBX 2,882.50 ($37.31) and a 52 week high of GBX 4,226.56 ($54.71).

The company also recently announced a dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, August 9th will be paid a dividend of GBX 96.82 ($1.25) per share. The ex-dividend date is Thursday, August 9th. This represents a dividend yield of 2.41%.

In other news, insider Jean-Sébastien Jacques sold 7 shares of the stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of GBX 4,078 ($52.79), for a total transaction of £285.46 ($369.53).

About Rio Tinto

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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