Rio in massive share buyback after coal mines sale

Rio in massive share buyback after coal mines sale

The stock's market valuation is GBX 62.48 B. Rio Tinto has a 52 week low of GBX 2,353.50 and a 52 week high of GBX 3,784.50. Knowledge Leaders Capital LLC grew its holdings in shares of Rio Tinto PLC by 126.0% in the second quarter. The legal version of this piece can be read at

Many other financial stock experts also quite recently weighed in on The corporation. The last stock close price is down 11.88% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period.

Rio Tinto plc (LON:RIO)'s stock had its "outperform" rating reissued by equities researchers at Macquarie in a report released on Thursday, September 14th, reports. In a research note shared with investors on Thursday, 21 September, Bp (LON:BP) shares have had their Neutral Rating reconfirmed by professional analysts at Goldman Sachs. Jefferies's target price would suggest a potential upside of 21.12% from the company's current price. The stock's market capitalization is GBX 32.67 billion. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. The stock of Rio Tinto plc (LON:RIO) earned "Sell" rating by Liberum Capital on Tuesday, September 20. Finally, Investec reiterated a buy rating and set a GBX 245 ($3.30) price objective on shares of Barclays PLC in a report on Tuesday, June 20th. BP plc (LON:BP) has 0.00% since September 23, 2016 and is. Capital Fund Management S.A. now owns 7,770 shares of the mining company's stock valued at $316,000 after buying an additional 14,770 shares during the last quarter. The stock had a trading volume of 31,076,614 shares. Bank of America maintained Rio Tinto plc (LON:RIO) rating on Wednesday, November 25.

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The company also recently declared a None dividend, which will be paid on Thursday, September 21st. If you are accessing this story on another domain, it was illegally stolen and republished in violation of worldwide trademark & copyright legislation. The ex-dividend date was Thursday, August 10th.

Glencore PLC had bid for Coal & Allied but lost out to Yancoal, but then subsequently struck a deal with Yancoal to take a stake in Coal & Allied after the purchase from Rio Tinto had been completed. The Company's divisions include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.

Global miner Rio Tinto put its focus on returning cash to shareholders after beating profit forecasts on the back of cost-cutting and a strong recovery in iron ore prices.