Rio Tinto Group (LON:RIO) Insider Jakob Stausholm Sells 6,489 Shares

Rio Tinto Group (LON:RIO) insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.38), for a total value of £323,671.32 ($411,272.33).

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock opened at GBX 4,998.66 ($63.52) on Thursday. The company has a 50 day moving average price of GBX 5,018.79 and a 200 day moving average price of GBX 5,093.34. The firm has a market capitalization of £62.48 billion, a P/E ratio of 991.80, a PEG ratio of -0.64 and a beta of 0.59. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01. Rio Tinto Group has a 52 week low of GBX 4,509 ($57.29) and a 52 week high of GBX 5,910 ($75.10).

Analyst Ratings Changes

A number of equities analysts have commented on RIO shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,200 ($78.78) target price on shares of Rio Tinto Group in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Rio Tinto Group from GBX 6,200 ($78.78) to GBX 6,000 ($76.24) and set a “buy” rating for the company in a research note on Monday, September 9th. Two equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 6,338.33 ($80.54).

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.