Rio Tinto Group (LON:RIO) has been given a “Moderate Buy” rating by the brokerage

Shares of Rio Tinto Group (LON:RIO – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 6,305 ($83.15).

Several analysts have issued reports on the stock. Berenberg Bank cut shares of Rio Tinto Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from GBX 5,900 ($77.81) to GBX 5,800 ($76.49 ) in a research report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their price objective on Rio Tinto Group from GBX 6,500 ($85.72) to GBX 6,430 ($84.79) and set an “overweight” rating on the stock in a report on Thursday, August 1st. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Monday, June 17th. Bank of America reissued a “buy” rating and issued a GBX 7,700 ($101.54) target price on shares of Rio Tinto Group in a report on Wednesday, June 26th. Finally, Barclays reiterated an “overweight” rating and set a GBX 6,000 ($79.12) target price on shares of Rio Tinto Group in a research report on Tuesday, May 7th.

Check out the latest Rio Tinto Group stock report

Rio Tinto Group trades down 0.5%

Shares of Rio Tinto Group stock opened at GBX 4,771 ($62.92) on Monday. Rio Tinto Group has a 1 year low of GBX 4,522.57 ($59.64) and a 1 year high of GBX 5,910 ($77.94). The company has a fifty day simple moving average of GBX 5,014.31 and a 200 day simple moving average of GBX 5,186.27. The company has a market cap of £59.64 billion, a price-to-earnings ratio of 956.11, a PEG ratio of -0.64 and a beta of 0.63. The company has a current ratio of 1.70, a quick ratio of 1.34, and a debt-to-equity ratio of 25.01.

Rio Tinto Group cuts dividends

The company also recently disclosed a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 15th will be paid a dividend of $1.77 per share. The ex-dividend date is Thursday, August 15. This represents a yield of 2.79%. Rio Tinto Group’s dividend payout ratio is 6,833.67%.

Rio Tinto Group Company Profile

(Get a free report

Rio Tinto Group is engaged in the exploration, exploitation and processing of mineral resources around the world. The company operates through iron ore, aluminum, copper and minerals segments. The Iron Ore segment engages in the mining of iron ore and the production of salt and gypsum in Western Australia. The Aluminum Segment is involved in the exploitation of bauxite; alumina refining; and aluminum smelting.

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