Peter Cunningham Sells 4 Shares of Rio Tinto Group (LON:RIO) Stock

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 4 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of GBX 5,011 ($65.43), for a total transaction of £200.44 ($261.74).

Rio Tinto Group Stock Down 0.2 %

Rio Tinto Group stock traded down GBX 9.60 ($0.13) on Monday, hitting GBX 4,985.90 ($65.11). 1,230,465 shares of the stock traded hands, compared to its average volume of 7,032,924. Rio Tinto Group has a 1 year low of GBX 4,509 ($58.88) and a 1 year high of GBX 5,910 ($77.17). The firm has a market cap of £62.32 billion, a P/E ratio of 991.17, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.01. The business’s fifty day simple moving average is GBX 4,906.35 and its 200 day simple moving average is GBX 5,159.90.

Rio Tinto Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 15th were issued a $1.77 dividend. This represents a yield of 2.79%. The ex-dividend date of this dividend was Thursday, August 15th. Rio Tinto Group’s dividend payout ratio (DPR) is presently 6,706.35%.

Wall Street Analysts Forecast Growth

RIO has been the subject of several analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 6,200 ($80.96) target price on shares of Rio Tinto Group in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their target price on shares of Rio Tinto Group from GBX 6,500 ($84.88) to GBX 6,430 ($83.96) and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Bank of America reiterated a “buy” rating and set a GBX 7,700 ($100.55) price target on shares of Rio Tinto Group in a report on Wednesday, June 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 5,700 ($74.43) price objective on shares of Rio Tinto Group in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Rio Tinto Group from GBX 6,200 ($80.96) to GBX 6,000 ($78.35) and set a “buy” rating on the stock in a research note on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,338.33 ($82.77).

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.