Rio Tinto’s (RIO) “Hold” Rating Reiterated at Deutsche Bank

Deutsche Bank restated their hold rating on shares of Rio Tinto (LON:RIO) in a research report sent to investors on Thursday morning, MarketBeat.com reports. Deutsche Bank currently has a GBX 4,250 ($55.53) price target on the stock.

RIO has been the subject of several other research reports. Liberum Capital reiterated a hold rating on shares of Rio Tinto in a research report on Wednesday, November 7th. Royal Bank of Canada reaffirmed an underperform rating on shares of Rio Tinto in a research report on Friday, February 1st. UBS Group reaffirmed a buy rating and issued a GBX 4,600 ($60.11) price target on shares of Rio Tinto in a research report on Friday, November 30th. JPMorgan Chase & Co. boosted their price target on Rio Tinto from GBX 5,000 ($65.33) to GBX 5,050 ($65.99) and gave the stock an overweight rating in a research report on Thursday, January 31st. Finally, Credit Suisse Group set a GBX 3,730 ($48.74) price target on Rio Tinto and gave the stock a neutral rating in a research report on Monday, December 17th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 4,229.40 ($55.26).

Shares of RIO traded up GBX 20 ($0.26) during mid-day trading on Thursday, hitting GBX 4,356 ($56.92). The stock had a trading volume of 2,602,722 shares, compared to its average volume of 4,860,000. Rio Tinto has a fifty-two week low of GBX 2,882.50 ($37.66) and a fifty-two week high of GBX 4,226.56 ($55.23).

The firm also recently disclosed a dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 7th will be given a dividend of GBX 319.51 ($4.17) per share. This represents a dividend yield of 7.28%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from Rio Tinto’s previous dividend of $96.82.

In related news, insider Jean-Sébastien Jacques sold 11 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of GBX 3,862 ($50.46), for a total transaction of £424.82 ($555.10).

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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