Rio Tinto Group (LON:RIO) Stock Passes Above Two Hundred Day Moving Average of $5,325.09

Rio Tinto Group (LON:RIO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,325.09 ($65.77) and traded as high as GBX 5,517 ($68.14). Rio Tinto Group shares last traded at GBX 5,379 ($66.44), with a volume of 2,270,401 shares trading hands.

Analysts Set New Price Targets

RIO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,000 ($74.11) target price on shares of Rio Tinto Group in a research note on Thursday, April 18th. Bank of America reissued a “buy” rating and set a GBX 7,700 ($95.11) price objective on shares of Rio Tinto Group in a research report on Wednesday, April 17th. Royal Bank of Canada reduced their target price on shares of Rio Tinto Group from GBX 6,100 ($75.35) to GBX 5,900 ($72.88) and set a “sector perform” rating on the stock in a report on Thursday, February 22nd. JPMorgan Chase & Co. lowered their price target on shares of Rio Tinto Group from GBX 6,630 ($81.89) to GBX 6,610 ($81.65) and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 5,900 ($72.88) price objective on shares of Rio Tinto Group in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Rio Tinto Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 6,351.25 ($78.45).

Rio Tinto Group Trading Down 1.3 %

The company has a market cap of £67.24 billion, a price-to-earnings ratio of 1,095.52, a PEG ratio of -0.64 and a beta of 0.65. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 25.47. The business’s fifty day simple moving average is GBX 5,120.69 and its two-hundred day simple moving average is GBX 5,325.09.

Rio Tinto Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 7th were paid a dividend of GBX 203.77 ($2.52) per share. This is a positive change from Rio Tinto Group’s previous dividend of $137.67. This represents a yield of 3.9%. The ex-dividend date was Thursday, March 7th. Rio Tinto Group’s dividend payout ratio (DPR) is currently 6,945.01%.

Insider Buying and Selling at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 3,939 shares of Rio Tinto Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of GBX 5,216 ($64.43), for a total transaction of £205,458.24 ($253,777.47). 14.71% of the stock is currently owned by insiders.

About Rio Tinto Group

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.