Rio Tinto plc (LON:RIO) had its price target raised by equities researchers at Macquarie from GBX 3,500 ($43.73) to GBX 3,700 ($46.23) in a report issued on Monday.
Rio Tinto has 1,798,800,000 shares which are now outstanding with shareholders and have a price of 3424.5 bringing Rio Tinto's market capitalisation to 61.60B GBP. Deutsche Bank AG boosted their target price on shares of Rio Tinto plc from GBX 3,230 ($38.97) to GBX 3,245 ($39.15) and gave the stock a buy rating in a report on Wednesday, October 5th. The stock presently has a consensus rating of Buy and an average target price of GBX 3,202.42 ($38.63). This now indicates the analyst believes there is a possible upside of 17.6% from the opening price of 3400 GBX.
The broker said it has now set a "Outperform" rating on shares of Rio Tinto PLC with a price target of 4000. Liberum Capital restated a sell rating and issued a GBX 2,130 ($25.70) target price on shares of Rio Tinto plc in a research report on Thursday, December 15th.
Shares of Rio Tinto plc (LON:RIO) traded up 1.10% during mid-day trading on Tuesday, hitting GBX 3448.00. Given the likelihood of tepid market conditions for iron ore in the near term, Rio Tinto's iron ore shipments are likely to rise along a more gradual trajectory going forward than seen in recent years, as illustrated by the chart shown below.
The 52 week high of Rio Tinto's shares is 3498 whilst the 52 week low for shares in the company is 1557. The firm's market capitalization is GBX 52.78 billion.Читайте также: Herrera hopes to retain FA Cup
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In other news, insider Jean-Sébastien Jacques acquired 8,259 shares of the stock in a transaction dated Monday, December 5th.
Two fund managers told Reuters the world's second-largest mining company's performance could prompt the board to consider boosting shareholders' returns, including buybacks. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore.
Bauxite output for 2016 ran at 47.7 million tonnes, up 9 per cent, which it expects will reach 48-50 million tonnes in 2017.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.