Rio Tinto plc (RIO) Trading Down 2.2%

Rio Tinto plc (LON:RIO) shares traded down 2.2% during mid-day trading on Monday . The stock traded as low as GBX 3,621.50 ($47.61) and last traded at GBX 3,627 ($47.69). 2,976,284 shares were traded during trading, a decline of 31% from the average session volume of 4,319,920 shares. The stock had previously closed at GBX 3,710 ($48.78).

Several research analysts have issued reports on the stock. UBS AG set a GBX 4,000 ($52.59) price objective on shares of Rio Tinto plc and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank AG reissued a “buy” rating and set a GBX 4,300 ($56.53) price objective on shares of Rio Tinto plc in a research report on Thursday. HSBC Holdings plc set a GBX 3,900 ($51.28) price objective on shares of Rio Tinto plc and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 4,100 ($53.90) price objective on shares of Rio Tinto plc in a research report on Sunday, October 1st. Finally, Morgan Stanley set a GBX 3,430 ($45.10) price objective on shares of Rio Tinto plc and gave the stock a “neutral” rating in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 3,808.75 ($50.08).

The stock has a 50-day moving average price of GBX 3,590.07 and a 200 day moving average price of GBX 3,323.79. The firm’s market capitalization is GBX 65.03 billion.

The firm also recently declared a dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, August 10th were issued a GBX 83.13 ($1.09) dividend. This represents a yield of 2.31%. The ex-dividend date was Thursday, August 10th.

In other news, insider W Sam H. Laidlaw acquired 7,500 shares of Rio Tinto plc stock in a transaction on Monday, August 14th. The stock was bought at an average cost of GBX 3,420 ($44.96) per share, with a total value of £256,500 ($337,233.76). Also, insider Jean-Sébastien Jacques acquired 11 shar

Several research analysts have issued reports on the stock. UBS AG set a GBX 4,000 ($52.59) price objective on shares of Rio Tinto plc and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank AG reissued a “buy” rating and set a GBX 4,300 ($56.53) price objective on shares of Rio Tinto plc in a research report on Thursday. HSBC Holdings plc set a GBX 3,900 ($51.28) price objective on shares of Rio Tinto plc and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 4,100 ($53.90) price objective on shares of Rio Tinto plc in a research report on Sunday, October 1st. Finally, Morgan Stanley set a GBX 3,430 ($45.10) price objective on shares of Rio Tinto plc and gave the stock a “neutral” rating in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 3,808.75 ($50.08).

The stock has a 50-day moving average price of GBX 3,590.07 and a 200 day moving average price of GBX 3,323.79. The firm’s market capitalization is GBX 65.03 billion.

The firm also recently declared a dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, August 10th were issued a GBX 83.13 ($1.09) dividend. This represents a yield of 2.31%. The ex-dividend date was Thursday, August 10th.

In other news, insider W Sam H. Laidlaw acquired 7,500 shares of Rio Tinto plc stock in a transaction on Monday, August 14th. The stock was bought at an average cost of GBX 3,420 ($44.96) per share, with a total value of £256,500 ($337,233.76). Also, insider Jean-Sébastien Jacques acquired 11 shares of Rio Tinto plc stock in a transaction on Monday, July 17th. The shares were purchased at an average cost of GBX 3,501 ($46.03) per share, with a total value of £385.11 ($506.32).

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About Rio Tinto plc

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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