Rio Tinto Group (NYSE:RIO – Get Free Report) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.
Several equities research analysts have recently issued reports on RIO shares. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 6th. Hsbc Global Res raised shares of Rio Tinto Group to a “strong-buy” rating in a report on Tuesday, July 23rd. Citigroup lowered shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. HSBC raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised shares of Rio Tinto Group to a “hold” rating in a report on Wednesday, July 31st.
Get Our Latest Stock Analysis on Rio Tinto Group
Institutional Inflows and Outflows
Rio Tinto Group Stock Performance
Rio Tinto Group stock opened at $63.19 on Tuesday. Rio Tinto Group has a 52-week low of $59.35 and a 52-week high of $75.09. The firm has a fifty day moving average of $63.43 and a 200-day moving average of $65.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.
Rio Tinto Group Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, August 16th will be given a $1.77 dividend. The ex-dividend date is Friday, August 16th. This represents a dividend yield of 6.8%.
About Rio Tinto Group
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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