JP Morgan Indicates Potential 27.76% Increase In Shares Of Rio Tinto PLC
- Author: Zachary Reyes Mar 15, 2017,
Mar 15, 2017, 16:22
Rio Tinto PLC has 1,799,110,000 shares now held by shareholders which now trade around the 3304.5 mark which totals Rio Tinto PLC's market capitalisation to 59.45B GBP. The Company has 52-week high of $47.11 and 52-week low of $26.38.
The analyst stated that the investment firm has set a price target of 4200 on shares of LON:RIO. Finally, Societe Generale upped their price objective on Rio Tinto plc from GBX 2,900 ($35.46) to GBX 3,000 ($36.68) and gave the stock a "hold" rating in a report on Friday, November 25th. The stock was rated "Hold" by 8 analysts in current phase, 1 analyst rated at "Overweight", while 2 experts rated it as a "Sell" security. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company.
Rio Tinto plc (LON:RIO) traded down 1.26% during trading on Tuesday, hitting GBX 3263.00. The stock closed down 0.02 points or 0.05% at $39.39 with 4,954,952 shares getting traded. The company's 50 day moving average is GBX 3,456.46 and its 200-day moving average is GBX 3,001.24.
Rio Tinto plc (NYSE:RIO) [Trend Analysis] tries to capture market sentiments, shares jumped up 3.71% to $40.85. The company has a market cap of $71,245 million and the number of outstanding shares has been calculated to be 1,808,717,900 shares. Investors of record on Thursday, February 23rd will be paid a dividend of GBX 100.56 ($1.23) per share. This is a positive change from Rio Tinto plc's previous semiannual dividend of $0.96. The ex-dividend date is Thursday, February 23rd.
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In related news, insider Jean-Sébastien Jacques sold 3,325 shares of the business's stock in a transaction that occurred on Monday, February 20th. The stock was sold at an average price of GBX 3,618 ($44.24), for a total transaction of £120,298.50 ($147,082.16).
In case of Revenue Estimates, 3 analysts have provided their consensus Average Revenue Estimates for Rio Tinto plc as 40.92 Billion. The Company focuses on finding, mining, processing and marketing the Earth's mineral resources. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon.