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Short Interest in Rio Tinto PLC (RIO) Grows By 41.0%

23 September, 2017, 17:33 | Author: Jeff Stephens
  • Rio Tinto Plc - RIO - Stock Price Today - Zacks

Finally, BidaskClub raised Rio Tinto PLC from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, July 12th. The firm bought 129,900 shares of the mining company's stock, valued at approximately $5,496,000.

Several research analysts recently issued reports on RIO shares. Liberum Capital maintained Rio Tinto plc (LON:RIO) on Friday, May 26 with "Sell" rating. BNP Paribas Arbitrage SA now owns 36,243 shares of the mining company's stock valued at $1,474,000 after buying an additional 19,893 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Rio Tinto PLC in the first quarter worth approximately $111,000.

Rio Tinto plc is a mining and metals company. Deutsche Bank maintained Rio Tinto plc (LON:RIO) on Wednesday, April 20 with "Buy" rating. Huntington National Bank now owns 4,039 shares of the mining company's stock worth $171,000 after purchasing an additional 332 shares during the last quarter. Institutional investors own 6.87% of the company's stock.

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Rio will buy about $560 million of Rio Tinto Ltd. shares, with the remaining $1.9 billion being used to expand its existing on-market buyback of Rio Tinto Plc shares, the company said in a statement Thursday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 215 ($2.78) price objective on shares of Barclays PLC in a research report on Friday, February 24th. Zacks Investment Research cut Rio Tinto PLC from a "hold" rating to a "strong sell" rating in a report on Wednesday, June 21st.

Rio Tinto (LON:RIO) just had their share rating of a '"Buy"' issued by research analysts at Jefferies, who now has a GBX 4200.00 target price per share on the 64.29B GBP market cap company or a 21.32 % upside potential. Rio Tinto PLC had 490 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has "Sell" rating by Liberum Capital on Thursday, December 15. The stock presently has an average rating of "Buy" and an average target price of $47.50.

Rio Tinto PLC (NYSE:RIO) was the recipient of a significant increase in short interest in the month of August. The firm has a 50-day moving average of GBX 3,570.46 and a 200-day moving average of GBX 3,303.48. Rio Tinto plc has a 12 month low of GBX 2,353.50 and a 12 month high of GBX 3,784.50. The company has market cap of 63.48 billion GBP.

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The firm also recently disclosed a dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date was Thursday, August 10th.

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Mining giant Rio Tinto will return proceeds from the recent $US2.7 billion sale of its NSW coal operations to shareholders through a share buyback.

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