Are Analysts Bullish about Rio Tinto plc (LON:RIO) after last week?

Are Analysts Bullish about Rio Tinto plc (LON:RIO) after last week?

The stock now provides a dividend yield of 4.05% for the Basic Materials company. Jefferies Group also issued estimates for Rio Tinto's FY2018 earnings at $4.69 EPS, FY2019 earnings at $4.99 EPS and FY2020 earnings at $4.81 EPS. The stock of Rio Tinto plc (NYSE:RIO) has "Buy" rating given on Thursday, November 10 by HSBC. Liberium downgraded Rio Tinto plc (NYSE:RIO) on Thursday, October 29 to "Sell" rating. The stock has "Hold" rating by Cowen & Co on Monday, October 16. In Friday, April 6 report BNP Paribas downgraded the stock to "Hold" rating. Finally, Barclays lifted their price target on shares of Rio Tinto from GBX 4,300 ($60.78) to GBX 4,500 ($63.60) and gave the company an "overweight" rating in a research report on Monday, January 8th. In terms of Buy, Sell or Hold recommendations, the stock (RIO) has analysts' mean recommendation of 1.90. The company now has a consensus rating of Hold and a consensus target price of $55.90. The stock of Rio Tinto plc (NYSE:RIO) earned "Neutral" rating by JP Morgan on Monday, November 13. Rio Tinto has a 52 week low of $37.66 and a 52 week high of $59.25.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Stockholders of record on Thursday, February 23rd will be issued a dividend of GBX 100.56 ($1.23) per share. Credit Suisse maintained Rio Tinto plc (LON:RIO) on Tuesday, February 20 with "Outperform" rating. This represents a dividend yield of 6.68%. The ex-dividend date of this dividend was Thursday, March 1st. Rio Tinto's dividend payout ratio (DPR) is presently 23.17%. Bronson Point Management Llc who had been investing in Devon Energy Corp New for a number of months, seems to be bullish on the $17.68 billion market cap company. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued. Dimensional Fund Advisors LP boosted its holdings in Rio Tinto by 16.5% during the third quarter.

Kempner Capital Management Inc decreased its stake in Rio Tinto Plc (RIO) by 62.81% based on its latest 2017Q4 regulatory filing with the SEC. The company's stock declined 0.78% with the market as Nepsis Capital Management Inc sold 66,385 shares. Nepsis Capital Management Inc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares. Saturna Capital CORP now owns 8,800 shares of the mining company's stock valued at $466,000 after purchasing an additional 1,200 shares in the last quarter. The company has its outstanding shares of 3.36B. Meanwhile, the stock investors and analysts deem this stock on the go as it shuffled with 2.69 million shares contrasting its Average Volume of 3.34 million shares.

WARNING: "Deutsche Bank Reaffirms "Buy" Rating for Rio Tinto (RIO)" was published by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another domain, it was stolen and reposted in violation of U.S. & global trademark & copyright laws. The original version of this piece of content can be viewed at https://macondaily.com/2018/04/16/rio-tinto-rio-given-a-68-00-price-target-by-jefferies-group-analysts-updated.html. The Company's business is finding, mining and processing mineral resources. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore.

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