Shares of Rio Tinto Group (NYSE:RIO – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company.
Several research firms have issued reports on RIO. Hsbc Global Res upgraded Rio Tinto Group to a “strong-buy” rating in a report on Tuesday, July 23rd. Citigroup downgraded shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. Berenberg Bank downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. HSBC upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st.
Check Out Our Latest Stock Analysis on RIO
Institutional Inflows and Outflows
Rio Tinto Group Price Performance
Shares of NYSE RIO opened at $62.76 on Friday. The stock’s fifty day simple moving average is $65.03 and its 200 day simple moving average is $66.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. Rio Tinto Group has a 52-week low of $59.80 and a 52-week high of $75.09.
Rio Tinto Group Cuts Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 16th will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a yield of 6.8%.
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.
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