Rio Tinto Group (LON:RIO) Insider Jakob Stausholm Sells 6,489 Shares

Rio Tinto Group (LON:RIO) insider Jakob Stausholm sold 6,489 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.20), for a total value of £323,671.32 ($410,125.85).

Rio Tinto Group Price Performance

RIO traded down GBX 21.34 ($0.27) during trading on Wednesday, hitting GBX 4,998.66 ($63.34). 1,953,263 shares of the stock traded hands, compared to its average volume of 6,400,412. The business has a 50 day moving average price of GBX 5,014.30 and a 200 day moving average price of GBX 5,096.59. The company has a market cap of £62.48 billion, a price-to-earnings ratio of 986.11, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a twelve month low of GBX 4,509 ($57.13) and a twelve month high of GBX 5,910 ($74.89). The company has a debt-to-equity ratio of 25.01, a current ratio of 1.70 and a quick ratio of 1.34.

Analysts Set New Price Targets

Several equities research analysts have commented on RIO shares. Berenberg Bank restated a “buy” rating and set a GBX 6,200 ($78.56) price target on shares of Rio Tinto Group in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their target price on Rio Tinto Group from GBX 6,200 ($78.56) to GBX 6,000 ($76.03) and set a “buy” rating on the stock in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 6,338.33 ($80.31).

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.