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 https://www.equitiesfocus.com/2017/09/18/129900-shares-in-rio-tinto-plc-rio-acquired-by-lsv-asset-management.html.

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, MarketBeat.com 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.