That's a worse performance than other mining stocks such as BHP Billiton plc (LON:BLT) (BLT.L), Glencore PLC (LON:GLEN) (GLEN.L) and Anglo American plc (LON:AAL) (AAL.L). Franklin Resources Inc owns $763.59 million in Rio Tinto plc, which represents roughly 0.75% of the company's market cap and approximately 14.62% of the institutional ownership. Northern Trust Corp increased its stake in Rio Tinto by 0.8% during the second quarter. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. "If the other mining companies follow suit, we can look forward to upgrading our forecast for United Kingdom dividends in what was otherwise shaping up to be a bit of a boring 2018 for payouts".
Rio Tinto's full year ordinary dividend is $5.2 billion, equivalent to 290 USA cents per share, includes final dividend of $3.2 billion, equivalent to 180 U.S. cents per share.
Price targets show what analysts believes a stock will be worth at the end of a certain time period. Zacks Investment Research downgraded shares of Rio Tinto from a "buy" rating to a "hold" rating in a research report on Wednesday, December 13th. Jefferies Group reiterated a "buy" rating and issued a GBX 4,200 ($58.89) target price on shares of Rio Tinto in a research note on Thursday, September 21st. The Stock has its 52-week High of $57.78 and 52-Week Low of $37.66 and it touched its 52-week high on 01/12/18 and 52-Week Low on 06/20/17.
The company, which admitted is hunting for acquisitions, including in new commodities such as lithium, handed shareholders $1.80 per stock, taking its payout for 2017 to $2.90. A total of 6.95 Million shares exchanged at hands and its Average Volume is 2.52 Million. Crossmark Global Holdings Inc. grew its holdings in shares of Rio Tinto by 182.1% in the fourth quarter. This company shares are 9.13% off its target price of $60.23 and the current market capitalization stands at $102.07B.
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Analysts were similarly positive about Rio Tinto's final results. The original version of this piece of content can be accessed at https://stocknewstimes.com/2018/02/07/hsbc-lowers-rio-tinto-rio-to-hold.html. When we look at the Volatility of the company, Week Volatility is at 3.23% whereas Month Volatility is at 1.70%.
Rio was boosted in 2017 by rising prices for its key products such as iron ore, used to make steel, and copper. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.
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