Rio Tinto Group (LON:RIO) Insider Peter Cunningham Sells 4 Shares

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 4 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of GBX 5,011 ($65.06), for a total value of £200.44 ($260.24).

Rio Tinto Group Trading Down 0.7 %

Shares of Rio Tinto Group stock opened at GBX 4,963 ($64.44) on Tuesday. The company has a debt-to-equity ratio of 25.01, a current ratio of 1.70 and a quick ratio of 1.34. The business has a fifty day simple moving average of GBX 4,907.01 and a two-hundred day simple moving average of GBX 5,158.53. 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 company has a market capitalization of £62.04 billion, a price-to-earnings ratio of 984.72, a P/E/G ratio of -0.64 and a beta of 0.59.

Rio Tinto Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.