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 range between the high target price and low target price is between 95 and 53.56 with the average target price sitting at $73.89. Now with the previous closing price of $64.60 this is indicating there is a potential upside of 14.4%. The 50 day moving average now sits at $73.02 and the 200 day moving average is $64.36. The market cap for the company is $105,316m. Visit the company website at: https://www.riotinto.com
The potential market cap would be $120,461m 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.
