Goldman Sachs Group Analysts Give Rio Tinto (RIO) a GBX 4,000 Price Target

Goldman Sachs Group set a GBX 4,000 ($52.10) price objective on Rio Tinto (LON:RIO) in a research note issued to investors on Thursday morning. The firm currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on RIO. BNP Paribas reiterated a neutral rating on shares of Rio Tinto in a research note on Thursday, May 17th. Macquarie set a GBX 4,700 ($61.22) target price on shares of Rio Tinto and gave the stock a buy rating in a research note on Thursday, May 24th. AlphaValue upgraded shares of Rio Tinto to an add rating in a research note on Tuesday, June 5th. UBS Group set a GBX 4,000 ($52.10) target price on shares of Rio Tinto and gave the stock a buy rating in a research note on Wednesday, June 6th. Finally, Credit Suisse Group set a GBX 4,300 ($56.01) target price on shares of Rio Tinto and gave the stock a buy rating in a research note on Thursday, June 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Rio Tinto presently has a consensus rating of Hold and a consensus target price of GBX 4,246.11 ($55.31).

LON RIO opened at GBX 3,596.50 ($46.85) on Thursday. Rio Tinto has a 1 year low of GBX 2,882.50 ($37.55) and a 1 year high of GBX 4,226.56 ($55.05).

The firm also recently announced a dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, August 9th will be given a GBX 96.82 ($1.26) dividend. This represents a yield of 2.41%. The ex-dividend date is Thursday, August 9th.

In related news, insider Jean-Sébastien Jacques sold 7 shares of Rio Tinto stock in a transaction on Thursday, July 19th. The shares were sold at an average price of GBX 4,078 ($53.12), for a total value of £285.46 ($371.84).

About Rio Tinto

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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