Biggest dividend ever in the 125-year history of the company and we believe that we'll be able to generate a lot of cash again this year,"Jacques told reporters on an earnings call". Finally, MML Investors Services LLC acquired a new stake in Rio Tinto during the second quarter worth $203,000. Currently, Rio Tinto Ltd (RIO.AX) has a 14-day ATR of 1.37. Rio Tinto has a 1 year low of $37.66 and a 1 year high of $57.78. The Monthly and Yearly performances are 1.19 percent and 29.01 percent respectively. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.71.
Rio Tinto plc (LON:RIO) has been assigned a GBX 4,000 ($51.66) price target by equities researchers at BNP Paribas in a report issued on Wednesday.
Analysts said Rio's underlying result was a touch better than the $US8.5 billion forecast.
Receive Rio Tinto Plc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Plc with MarketBeat.com's FREE daily email newsletter. Cowen set a $47.00 target price on shares of Rio Tinto and gave the stock a "hold" rating in a report on Monday, October 16th. Institutional investors own 7.25% of the company's stock.
Rio Tinto rewarded investors this morning, launching a $1bn (£720m) share buyback programme. Citigroup reiterated a buy rating on shares of Rio Tinto in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. The brokerage presently has a "neutral" rating on the stock. Beta factor was calculated at 1.17.More news: Quentin Tarantino's 'remorse' over Uma Thurman automotive crash
More news: Consumer Financial Protection Bureau pulls back investigation into Equifax breach
More news: Anti-ISIS coalition announces 'shift' in Iraq amid reports of USA drawdown
Rio Tinto Plc (NYSE:RIO) now has a Weekly Volatility of 3.23% percent while its Monthly Volatility is at 1.70% percent.
Rio Tinto plc (LON RIO) opened at 3677.50 on Wednesday. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of US and worldwide trademark & copyright law. The Company's business is finding, mining and processing mineral resources.
Accelerating global growth and supply constraints has driven commodity prices to their highest level in more than three years, boosting the profitability and cash positions of the world's biggest mining companies, as BHP's half year results later this month will confirm (along with soon to report Glencore, Anglo American and Vale). It also produces copper, coal, bauxite (an aluminium ore), diamonds, uranium and industrial minerals such as titanium dioxide, salt, gypsum and borates.
However, there are some hints that Rio could use its fortress of a balance sheet to start investing in other mining assets.