Insider Selling: Rio Tinto Group (LON:RIO) Insider Sells 4 Shares of Stock

Rio Tinto Group (LON:RIO - Get Free Report) insider Peter Cunningham sold 4 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of GBX 5,011 ($65.06), for a total transaction of £200.44 ($260.24).

Rio Tinto Group Price Performance

Shares of RIO stock traded down GBX 32.50 ($0.42) during trading hours on Monday, hitting GBX 4,963 ($64.44). 1,060,474 shares of the company's stock were exchanged, compared to its average volume of 7,032,924. The firm has a 50 day moving average of GBX 4,906.35 and a two-hundred day moving average of GBX 5,159.90. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($58.54) and a fifty-two week high of GBX 5,910 ($76.73). The firm has a market cap of £62.04 billion, a P/E ratio of 989.27, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01.

Rio Tinto Group Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 15th were given a $1.77 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 2.79%. Rio Tinto Group's dividend payout ratio (DPR) is 6,706.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Rio Tinto Group from GBX 6,200 ($80.50) to GBX 6,000 ($77.90) and set a "buy" rating for the company in a research report on Monday, September 9th. Bank of America reaffirmed a "buy" rating and set a GBX 7,700 ($99.97) target price on shares of Rio Tinto Group in a report on Wednesday, June 26th. Berenberg Bank reissued a "buy" rating and issued a GBX 6,200 ($80.50) price target on shares of Rio Tinto Group in a report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price objective on shares of Rio Tinto Group from GBX 6,500 ($84.39) to GBX 6,430 ($83.48) and set an "overweight" rating on the stock in a research note on Thursday, August 1st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a GBX 5,700 ($74.01) target price on shares of Rio Tinto Group in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 6,338.33 ($82.29).

About Rio Tinto Group

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.