Rio Tinto plc 25.4% Potential Upside Indicated by Macquarie

The value of the investment in (RIO) increased from $6,182,000 to $6,734,000 increasing 8.9% quarter to quarter. Bank of America Corp DE increased its stake in Rio Tinto PLC by 27.8% during the 1st quarter. The firm has "Buy" rating given on Thursday, August 31 by Jefferies.

More notable recent Rio Tinto plc (ADR) (NYSE:RIO) news were published by: which released: "Rio Tinto under investigation by SEC over Mozambique impairment" on December 01, 2016, also with their article: "Rio Tinto hikes buyback plans as profit jumps" published on August 02, 2017, published: "Rio Tinto trims copper production target" on April 20, 2017. The firm owned 25,180 shares of the mining company's stock after purchasing an additional 3,061 shares during the period. Finally, Capital Fund Management S.A. raised its position in Rio Tinto PLC by 211.0% during the first quarter. The stock had a trading volume of 1,702,747 shares. Todd Asset Management LLC acquired a new position in Rio Tinto PLC during the 1st quarter valued at approximately $44,378,000.

These firms have modified their investment in RIO. Sei Investments Co. now owns 877,563 shares of the mining company's stock worth $37,129,000 after acquiring an additional 415,632 shares in the last quarter. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. Trading volume was down 59.80% under the stocks average daily volume. 1,119,620 shares of the stock traded hands. BidaskClub lowered shares of Rio Tinto PLC from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 25th.

Shares are trading at $49.24 a tad higher than the 50 day moving average which is $46.73 and which is quite a bit above the 200 day moving average of $42.41. The company declared a dividend for shareholders to be paid on Thursday the 21st of September 2017. The firm has a market cap of $85.52 billion, a P/E ratio of 13.91 and a beta of 0.98. Investors of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, August 10th.

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Several brokerages recently issued reports on RIO.

Rio Tinto plc with EPIC/TICKER (LON:RIO) has had its stock rating noted as "Reiterates" with the recommendation being set at "OUTPERFORM" this morning by analysts at Macquarie.

Shares of Rio Tinto plc (LON RIO) opened at 3563.50 on Tuesday. Goldman Sachs Group, Inc. Rio Tinto plc are listed in the Basic Materials sector within UK Main Market. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright legislation. The 50 day moving average was up $2.51 and the 200 day average moved up $6.83. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company.

Rio Tinto plc, launched on March 30, 1962, is a mining and metals company. The Business's business is finding, mining and processing mineral resources. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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