Rio Tinto Plc with ticker code (RIO) have now 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 95 and 53.56 calculating the mean target price we have $73.89. Now with the previous closing price of $65.09 this would indicate that there is a potential upside of 13.5%. It’s also worth noting that there is a 50 day moving average of $72.54 while the 200 day moving average is $64.26. The total market capitalization for the company now stands at $107,579m. You can visit the company’s website by visiting: https://www.riotinto.com
The potential market cap would be $122,124m based on the market consensus.
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. It offers aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, molybdenum, and lithium. The company also owns and operates open pit and underground mines, refineries, smelters, and concentrator facilities, as well as power stations, research, and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.
The company has a dividend yield of 7.62% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 8.66, revenue per share of 34.3 and a 11.24% return on assets.
