Rio Tinto Group (LON:RIO) Insider Ngaire Woods Purchases 410 Shares of Stock

Rio Tinto Group (LON:RIO – Get Rating) insider Ngaire Woods acquired 410 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was bought at an average price of GBX 5,338 ($66.29) per share, with a total value of £21,885.80 ($27,180.58).

Rio Tinto Group Stock Up 0.2 %

LON RIO opened at GBX 5,295 ($65.76) on Friday. The company has a debt-to-equity ratio of 23.47, a current ratio of 1.63 and a quick ratio of 1.34. The company’s 50 day simple moving average is GBX 5,764.44 and its 200 day simple moving average is GBX 5,521.43. Rio Tinto Group has a 12 month low of GBX 4,424.50 ($54.95) and a 12 month high of GBX 6,406 ($79.56). The company has a market capitalization of £66.19 billion, a P/E ratio of 833.86, a PEG ratio of -0.64 and a beta of 0.72.

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Rio Tinto Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 20th. Stockholders of record on Thursday, March 9th will be issued a dividend of GBX 185.35 ($2.30) per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a dividend yield of 2.99%. Rio Tinto Group’s dividend payout ratio is currently 6,409.45%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RIO. Morgan Stanley increased their price target on shares of Rio Tinto Group from GBX 5,790 ($71.91) to GBX 5,840 ($72.53) in a report on Thursday, March 30th. Jefferies Financial Group set a GBX 7,500 ($93.14) price objective on shares of Rio Tinto Group in a research note on Wednesday, February 22nd. Barclays set a GBX 5,800 ($72.03) target price on shares of Rio Tinto Group in a research report on Thursday, January 12th. Berenberg Bank decreased their price target on shares of Rio Tinto Group from GBX 6,700 ($83.21) to GBX 6,600 ($81.97) in a report on Thursday, March 30th. Finally, UBS Group set a GBX 5,000 ($62.10) target price on shares of Rio Tinto Group in a report on Wednesday, February 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Rio Tinto Group has a consensus rating of “Hold” and an average target price of GBX 6,110.77 ($75.89).

About Rio Tinto Group

(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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