Rio Tinto Group (LON:RIO - Get Free Report) insider Jakob Stausholm sold 6,489 shares of the stock in a transaction dated Monday, December 2nd. The shares were 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
RIO opened at GBX 4,998.66 ($63.52) on Thursday. The firm has a fifty day moving average price of GBX 5,018.79 and a 200 day moving average price of GBX 5,093.34. Rio Tinto Group has a 1 year low of GBX 4,509 ($57.29) and a 1 year high of GBX 5,910 ($75.10). The stock has a market cap of £62.48 billion, a P/E ratio of 991.80, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.01, a current ratio of 1.70 and a quick ratio of 1.34.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Berenberg Bank reiterated a "buy" rating and issued a GBX 6,200 ($78.78) price target on shares of Rio Tinto Group in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased 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 report on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 6,338.33 ($80.54).
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Check Out Our Latest Analysis on RIO
Rio Tinto Group Company Profile
(
Get Free Report)
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.
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