The newest analyst ratings which are still in issue on Tuesday 1st of August state 17 analysts have a rating of "strong buy", 1 analysts "buy", 4 analysts "neutral", 1 analysts "sell" and 2 analysts "strong sell".
A number of equities analysts recently commented on the stock.
The company's financial performance in the first half of the year also allowed it to reduce net debt by $2bn so that it now stands at $7.6bn. Finally, Bank of America Corporation upgraded Rio Tinto PLC from an "underperform" rating to a "buy" rating in a research note on Friday, June 30th.
"These are strong results: operating cash flow was $6.3 billion and we met our $2 billion cash cost reduction target six months early", he explained. If you are reading this report on another website, it was copied illegally and republished in violation of US & worldwide copyright & trademark legislation.
Rio rewarded shareholders with a record dividend and an increased share buyback, which together represent 75 per cent of underlying earnings for the first half of 2017, but Yuen Low, mining analyst at Shore Capital Markets would have preferred to see a higher dividend instead of an increased buyback.
COPYRIGHT VIOLATION WARNING: "Rio Tinto PLC (NYSE:RIO) Announces $1.10 Dividend" was originally reported by Rincon Hill News and is owned by of Rincon Hill News. Traders acquired 16,413 call options on the company. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/03/rio-tinto-plc-rio-insider-sells-172-25-in-stock-updated.html.
Rio Tinto plc (LON:RIO) insider Jean-Sébastien Jacques sold 5 shares of the company's stock in a transaction dated Wednesday, July 19th. The company was maintained on Wednesday, August 26 by Raymond James. Finally, Bank of Montreal Can bought a new stake in Rio Tinto PLC during the second quarter worth about $21,563,000. Nepsis Capital Management Inc. raised its stake in shares of Rio Tinto PLC by 2,278.9% in the first quarter. Rio Tinto PLC also saw some unusual options trading on Monday. The stock moved on high volume, traded at a volume of 3,903,212 shares, as compared to its average daily volume of 3.68Mshares.
04/21/2017 - Rio Tinto Plc was upgraded to " by analysts at BNP Paribas.
Rio's iron ore division dominated the company's improved results, contributing $US3.25 billion of the earnings, an 87 per cent increase on the first half of 2016. Citigroup Inc. raised Rio Tinto PLC from a "neutral" rating to a "buy" rating in a research report on Thursday, April 20th.
"I don't think there is anything permanent about this, it is steel mills working to optimise their business so it comes back to supply demand dynamics in steel and the supply demand dynamics in iron ore", Mr Power said. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.