Headlines about Rio Tinto (NYSE:RIO) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rio Tinto earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the mining company an impact score of 46.1647699598638 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- U.S. seeks to boost output of 35 minerals, reduce import reliance (finance.yahoo.com)
- [$$] Rio Tinto appoints Royal Mail CEO to board (finance.yahoo.com)
- Rio Tinto (RIO) Given a $69.00 Price Target by Jefferies Group Analysts (americanbankingnews.com)
- Rio Tinto (RIO) Price Target Increased to $61.00 by Analysts at Argus (americanbankingnews.com)
- Rio Tinto plc (RIO) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
Rio Tinto (NYSE RIO) traded down $1.08 during trading hours on Friday, hitting $57.82. 3,362,034 shares of the stock traded hands, compared to its average volume of 3,500,651. The company has a current ratio of 1.71, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. Rio Tinto has a 12-month low of $37.66 and a 12-month high of $59.25.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Friday, March 2nd will be paid a $1.7955 dividend. This is an increase from Rio Tinto’s previous semiannual dividend of $1.26. This represents a dividend yield of 6.68%. The ex-dividend date of this dividend is Thursday, March 1st.
Several analysts have recently issued reports on RIO shares. Royal Bank of Canada lowered shares of Rio Tinto from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $47.87 to $48.37 in a research report on Monday, October 23rd. JPMorgan Chase & Co. lowered shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. HSBC lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Cowen reiterated a “market perform” rating and issued a $61.00 target price (up previously from $54.00) on shares of Rio Tinto in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $59.07.
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Rio Tinto Company Profile
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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