Rio Tinto declares $9.7b back to shareholders

Rio Tinto declares $9.7b back to shareholders

Therefore 40% are positive.

"The Rio cash machine is rolling", said Hargreaves Lansdown equity analyst Nicholas Hyett.

Institutional investors now hold around $5.22 billion or 7.4% in RIO stock. The firm has "Buy" rating given on Thursday, June 30 by Haitong Securities. The firm earned "Buy" rating on Tuesday, July 19 by Investec. Bernstein maintained the shares of RIO in report on Friday, January 8 with "Outperform" rating. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell. HSBC maintained Rio Tinto plc (LON:RIO) rating on Tuesday, October 20. See The Hanover Insurance Group, Inc.

COPYRIGHT VIOLATION NOTICE: "Macquarie Analysts Give Rio Tinto (LON:RIO) a GBX 4,900 Price Target" was reported by TrueBlueTribune and is owned by of TrueBlueTribune.

Analysts on average have given a price target of $60.23 to Rio Tinto plc (RIO) stock. The stock of Rio Tinto plc (LON:RIO) has "Neutral" rating given on Wednesday, January 17 by JP Morgan. It has underperformed by 16.70% the S&P500.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources.

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Rio's iron ore business was the company's major earner in 2017, delivering earnings of $US6.69 billion.

Rio Tinto's biggest single business is the production of iron ore. The stock has a market capitalization of $70,690.00 and a P/E ratio of 1,086.18. The Company's products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have assigned a buy recommendation to the company.

In the latest session, Rio Tinto Plc (RTPPF) moved -1.231%, touching a recent bid of 53.1190. Rio Tinto presently has an average rating of Buy and an average price target of GBX 4,092.25 ($57.38). Societe Generale upgraded Rio Tinto to a buy rating and upped their price objective for the stock from GBX 3,600 ($50.48) to GBX 4,400 ($61.69) in a research report on Thursday, November 9th. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/02/08/rio-tinto-rio-given-new-gbx-4600-price-target-at-deutsche-bank-updated-updated-updated.html. On Wednesday, July 20 the stock rating was maintained by Barclays Capital with "Overweight".

In the last 6 months the Rio Tinto share price is up 6%. The stock has "Sector Perform" rating by RBC Capital Markets on Friday, August 7.

Capital expenditure is expected to remain at around $US5.5 billion in 2018 and around $US6.0 billion in each of 2019 and 2020. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workersÂ' compensation, specialty property, inland marine, management and professional liability, and surety, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products. The ASX 200 also climbed, but by a much lower 0.75% (It had been up well over 1.1% in early trading).

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index declined 0.6 percent or 47.100 points to 8,194.730, its lowest since December 2017.

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