Rio Tinto Group (LON:RIO) Insider Purchases £26,105 in Stock

Rio Tinto Group (LON:RIO – Get Rating) insider Simon Henry bought 500 shares of Rio Tinto Group stock in a transaction dated Monday, April 24th. The stock was purchased at an average cost of GBX 5,221 ($65.21) per share, with a total value of £26,105 ($32,602.72).

Rio Tinto Group Stock Performance

LON RIO opened at GBX 5,141 ($64.21) on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.34 and a debt-to-equity ratio of 23.47. The business’s 50 day moving average is GBX 5,612 and its two-hundred day moving average is GBX 5,577.95. Rio Tinto Group has a 12-month low of GBX 4,424.50 ($55.26) and a 12-month high of GBX 6,406 ($80.00). The stock has a market capitalization of £64.26 billion, a price-to-earnings ratio of 833.44, a PEG ratio of -0.64 and a beta of 0.69.

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Rio Tinto Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 20th. Investors of record on Thursday, March 9th were issued a GBX 185.35 ($2.31) dividend. This represents a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 9th. Rio Tinto Group’s dividend payout ratio is currently 6,607.14%.

Analyst Upgrades and Downgrades

RIO has been the subject of several analyst reports. Jefferies Financial Group set a GBX 7,500 ($93.67) price objective on Rio Tinto Group in a research note on Wednesday, February 22nd. UBS Group set a GBX 5,000 ($62.45) price objective on Rio Tinto Group in a research note on Wednesday, February 22nd. Royal Bank of Canada reduced their price objective on Rio Tinto Group from GBX 5,100 ($63.69) to GBX 5,000 ($62.45) in a research note on Friday. Bank of America upped their price objective on Rio Tinto Group from GBX 6,900 ($86.17) to GBX 7,400 ($92.42) and gave the company a “buy” rating in a research note on Monday, January 23rd. Finally, Barclays set a GBX 5,800 ($72.44) price objective on Rio Tinto Group in a research note on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Rio Tinto Group currently has an average rating of “Hold” and an average target price of GBX 6,123.85 ($76.48).

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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