Rio Tinto Group (LON:RIO) Insider Simon Henry Purchases 200 Shares

Rio Tinto Group (LON:RIO) insider Simon Henry bought 200 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average cost of GBX 4,956 ($64.35) per share, for a total transaction of £9,912 ($12,869.38).

Rio Tinto Group Stock Down 0.3 %

Shares of LON:RIO traded down GBX 16 ($0.21) during trading hours on Thursday, reaching GBX 4,931.50 ($64.03). The stock had a trading volume of 20,845,568 shares, compared to its average volume of 7,054,569. Rio Tinto Group has a 1 year low of GBX 4,509 ($58.54) and a 1 year high of GBX 5,910 ($76.73). The firm’s 50 day moving average is GBX 4,909.08 and its 200-day moving average is GBX 5,156.95. The stock has a market capitalization of £61.64 billion, a price-to-earnings ratio of 981.65, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70.

Rio Tinto Group Cuts Dividend

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

Analyst Upgrades and Downgrades

RIO has been the topic of several research reports. Berenberg Bank reissued a “buy” rating and set a GBX 6,200 ($80.50) price target on shares of Rio Tinto Group in a research report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their target price on shares of Rio Tinto Group from GBX 6,500 ($84.39) to GBX 6,430 ($83.48) and set an “overweight” rating on the stock in a report on Thursday, August 1st. Bank of America restated a “buy” rating and issued a GBX 7,700 ($99.97) price target on shares of Rio Tinto Group in a research note on Wednesday, June 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 5,700 ($74.01) price objective on shares of Rio Tinto Group in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Rio Tinto Group from GBX 6,200 ($80.50) to GBX 6,000 ($77.90) and set a “buy” rating for the company in a report on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Rio Tinto Group has a consensus rating of “Moderate Buy” and an average price target of GBX 6,338.33 ($82.29).

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.