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 dated Wednesday, October 23rd. The stock was purchased at an average price of GBX 4,956 ($64.35) per share, with a total value of £9,912 ($12,869.38).

Rio Tinto Group Trading Down 0.3 %

LON RIO opened at GBX 4,934.50 ($64.07) on Friday. Rio Tinto Group has a 12 month low of GBX 4,509 ($58.54) and a 12 month high of GBX 5,910 ($76.73). 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 company has a market capitalization of £61.68 billion, a price-to-earnings ratio of 979.07, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The company’s fifty day moving average price is GBX 4,909.08 and its two-hundred day moving average price is GBX 5,156.95.

Rio Tinto Group Cuts Dividend

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

Analyst Ratings Changes

RIO has been the subject of several analyst reports. JPMorgan Chase & Co. decreased 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 for the company in a research note on Thursday, August 1st. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 5,700 ($74.01) target price on shares of Rio Tinto Group in a research note on Thursday, August 1st. Berenberg Bank restated a “buy” rating and issued a GBX 6,200 ($80.50) target price on shares of Rio Tinto Group in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of 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 research note on Monday, September 9th. 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 currently has an average rating of “Moderate Buy” and a consensus target price 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.