Rio Tinto Group (LON:RIO) Sets New 1-Year Low - Here's What Happened

Shares of Rio Tinto Group (LON:RIO - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 4,024.50 ($53.07) and last traded at GBX 4,117 ($54.29), with a volume of 3859119 shares. The stock had previously closed at GBX 4,215.50 ($55.58).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RIO shares. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 6,300 ($83.07) price target on shares of Rio Tinto Group in a report on Thursday, February 20th. JPMorgan Chase & Co. reaffirmed a "not rated" rating on shares of Rio Tinto Group in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Rio Tinto Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 6,241.25 ($82.29).

Rio Tinto Group Stock Up 0.9 %

The firm has a market cap of £91.13 billion, a price-to-earnings ratio of 8.22, a PEG ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70. The business's 50-day moving average is GBX 4,764.33 and its 200-day moving average is GBX 4,876.33.

Insider Activity

In other Rio Tinto Group news, insider Peter Cunningham sold 621 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($66.93), for a total value of £31,521.96 ($41,563.77). Also, insider Ngaire Woods acquired 516 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of GBX 4,820 ($63.55) per share, with a total value of £24,871.20 ($32,794.30). 14.62% of the stock is currently owned by corporate insiders.

Rio Tinto Group Company Profile