The stock was acquired at an average cost of GBX 3,490 ($48.93) per share, for a total transaction of £909,703.40 ($1,275,523.56).
Shares of Rio Tinto plc (LON:RIO) have been given an average rating of "Buy" by the twenty brokerages that are now covering the firm, Marketbeat.com reports. 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.
Analysts on average have given a price target of $60.23 to Rio Tinto plc (RIO) stock.
The company shows its Return on Assets (ROA) value of 6.9%. The Return on Equity (ROE) and Return on Investment (ROI) values are 15.9 percent and 8.6 percent respectively. TIAA FSB now owns 12,752 shares of the mining company's stock valued at $675,000 after purchasing an additional 1,426 shares during the period.
Traders may be leaning on technical stock analysis to help with investing decisions.
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Strengthening commodity prices have guided Rio Tinto to an nearly doubling of profits and a record dividend for shareholders. The stock has a market cap of $101,050.00, a price-to-earnings ratio of 16.09 and a beta of 1.09. 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.
LMR Partners LLP bought a new position in shares of Rio Tinto plc (NYSE:RIO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The Lower end of the earnings estimate is $3.5, while the higher end of the earnings estimate is $5.37.
Volatility is a key factor to observe. Rio Tinto plc presently has an average rating of "Buy" and an average price target of GBX 3,796.25 ($49.03).
The Company ended its previous trading session at $74.11 with the loss of -0.78%. An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital. The company had a trading volume of 3,171,167 shares, compared to its average volume of 2,855,629. Dominion Resources, Inc. now has its 52-Week High range of $85.3, while its 52-week low range is $71.59. The Price to Sales (P/S) ratio of the stock is 2.71, while P/B (Price to Book) stands at 2.34. "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 tiresome 2018 for payouts". Many traders will use a combination of moving averages with different time frames to help review stock trend direction. For the Current month, 5 analysts have assigned this stock as Buy where 2 assigned Outperform, 10 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating.