Economy

Rio Tinto plc (LON:RIO) PT Raised to GBX 4200

Accident Compensation Corp raised its position in Rio Tinto PLC (NYSE:RIO) by 12.2% in the 2nd quarter, according to its most recent filing with the SEC. Stifel Financial Corp now owns 131,032 shares of the mining company's stock worth $4,103,000 after buying an additional 83,099 shares in the last quarter. Rio Tinto plc (LON:RIO) has 0.00% since September 16, 2016 and is.

Other research analysts also recently issued research reports about the stock.

Shares of Rio Tinto plc (LON:RIO) opened at 3452.50 on Tuesday. First Mercantile Trust Co. increased its stake in Rio Tinto PLC by 67.1% in the third quarter. BNP Paribas Arbitrage SA now owns 36,243 shares of the mining company's stock worth $1,474,000 after acquiring an additional 19,893 shares during the period. The shares were acquired at an average cost of GBX 3,420 ($44.17) per share, with a total value of £256,500 ($331,266.95). Institutional investors own 6.88% of the company's stock. Telecom Argentina had 12 analyst reports since July 28, 2015 according to SRatingsIntel. Deutsche Bank AG boosted their target price on shares of Rio Tinto plc from GBX 4,140 ($53.47) to GBX 4,200 ($54.24) and gave the company a "buy" rating in a research report on Thursday, June 22nd. Jefferies Group LLC upped their price target on Rio Tinto plc from GBX 4,000 ($51.66) to GBX 4,200 ($54.24) and gave the stock a buy rating in a report on Thursday, August 31st. Gratry & Company Llc sold 13,822 shares as Rio Tinto Ltd (RIO)'s stock declined 9.05%. The rating was upgraded by Credit Suisse to "Outperform" on Wednesday, December 7. Finally, Barclays PLC restated an "overweight" rating and set a GBX 4,100 ($52.95) price target on shares of Rio Tinto plc in a research note on Tuesday, August 8th. Three analysts rating the company a strong buy, zero analysts rating the company a buy, one analyst rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $34.15. Creative Planning now owns 17,740 shares of the mining company's stock worth $593,000 after buying an additional 2,480 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was stolen and reposted in violation of USA and global copyright law. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/09/16/rio-tinto-plc-rio-given-new-gbx-4100-price-target-at-j-p-morgan-chase-co.html. Rio Tinto PLC has GBX 4525 highest and GBX 3 lowest target. The stock was acquired at an average cost of GBX 3,501 ($45.22) per share, with a total value of £385.11 ($497.37). Rio Tinto plc (ADR) has recorded a 50-day average of $47.15 and a two hundred day average of $42.64.

The business also recently disclosed a dividend, which will be paid on Thursday, September 21st. The ex-dividend date is Thursday, August 10th.

Impala Asset Management Llc who had been investing in Rio Tinto Plc for a number of months, seems to be bullish on the $86.01 billion market cap company. The Company focuses on finding, mining, processing and marketing the Earth's mineral resources. The Company's divisions include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.



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