Rio Tinto Plc which can be found using ticker (RIO) now have 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 95 and 53.56 suggesting an average Analsyt target price of $74.09. Given that the stocks previous close was at $67.30 and the analysts are correct then there would likely be a percentage uptick in value of 10.1%. It’s also worth noting that there is a 50 day moving average of $69.37 and the 200 day moving average is $64.62. The market capitalization for the company is $109,703m. Company Website: https://www.riotinto.com
The potential market cap would be $120,771m based on the market consensus.
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. It offers aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, molybdenum, and lithium. The company also owns and operates open pit and underground mines, refineries, smelters, and concentrator facilities, as well as power stations, research, and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.
The company has a dividend yield of 7.62% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 8.48, revenue per share of 34.3 and a 11.24% return on assets.
