Posted by admin on May 20th, 2022

Deutsche Bank Rese… set a GBX 6,000 ($73.96) price objective on Rio Tinto Group (LON:RIO – Get Rating) in a report published on Thursday, Borsen Zeitung reports.

A number of other brokerages also recently issued reports on RIO. Berenberg Bank reiterated a hold rating and issued a GBX 6,500 ($80.13) price objective on shares of Rio Tinto Group in a research report on Monday, May 9th. Barclays restated an underweight rating and set a GBX 4,800 ($59.17) price target on shares of Rio Tinto Group in a research report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a GBX 6,000 ($73.96) price objective on shares of Rio Tinto Group in a research note on Thursday. Credit Suisse Group set a GBX 7,000 ($86.29) price objective on Rio Tinto Group in a research note on Wednesday, May 4th. Finally, UBS Group set a GBX 5,200 ($64.10) target price on Rio Tinto Group in a research note on Thursday, April 21st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of GBX 5,922.31 ($73.01).

Shares of Rio Tinto Group stock opened at GBX 5,479 ($67.54) on Thursday. The company has a market cap of £88.78 billion and a PE ratio of 5.09. Rio Tinto Group has a 52 week low of GBX 4,354 ($53.67) and a 52 week high of GBX 6,876.26 ($84.77). The business has a 50 day moving average price of GBX 5,728.21 and a 200-day moving average price of GBX 5,336.95. The company has a quick ratio of 1.46, a current ratio of 1.94 and a debt-to-equity ratio of 23.91.

The business also recently declared a dividend, which was paid on Thursday, April 21st. Stockholders of record on Thursday, March 10th were paid a GBX 352.32 ($4.34) dividend. This represents a dividend yield of 6.19%. The ex-dividend date of this dividend was Thursday, March 10th. Rio Tinto Group’s dividend payout ratio (DPR) is 0.65%.

In related news, insider Peter Cunningham sold 762 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of GBX 5,370 ($66.20), for a total value of £40,919.40 ($50,443.05). In the last 90 days, insiders have sold 11,251 shares of company stock valued at $61,721,282.

Rio Tinto Group Company Profile (Get Rating)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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