Economy

Rio Tinto plc 25.2% Potential Decrease Indicated by Liberum Capital

Rio Tinto plc 25.2% Potential Decrease Indicated by Liberum Capital

Liberum Capital reiterated a "sell" rating and set a GBX 2,130 ($26.45) target price on shares of Rio Tinto plc in a research report on Thursday, December 15th.

A number of other brokerages have also recently issued reports on RIO.

Rio Tinto said that its effective tax rate on underlying earnings in Australia remained at 30 per cent. While looking the figure depicted by the Price to Earning we can suggest that the shares of Rio Tinto plc (RIO) are overvalued.

Germany: Merkel's challenger questions North Atlantic Treaty Organisation 2 percent target
Nearly half of Germany's first-time voters back Chancellor Angela Merkel, a poll by the Forsa Institut showed today, providing a strong backbone of support as she prepares to bid for a fourth term in September.

03/03/2017 - Rio Tinto had its "Outperform" rating reiterated by analysts at Credit Suisse. Deutsche Bank AG set a GBX 4,000 ($49.93) price objective on Rio Tinto plc and gave the company a buy rating in a research report on Tuesday, February 28th. The 12-month price target is $34.15 with three equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, one analyst rating the company a hold, 1 firm rating the stock a underperform, and finally 0 equity analysts rating the company a sell.

Rio Tinto plc (LON:RIO) opened at 3184.00 on Tuesday. The stock's market cap is GBX 58.69 billion.

Rio Tinto plc (ADR) (NYSE:RIO) have shown a low EPS growth of -3.30% in the last 5 years and has earnings growth of 40.30% yoy. The company's 50-day moving average is $41.45 and its 200 day moving average is $39.32.

May, Trump agree Russia should break ties with Assad: UK PM's office
The group also held a special meeting on Syria on Tuesday with counterparts from Jordan, Qatar, Saudi Arabia, Turkey and the UAE. Also on Monday, Britain and Canada said sanctions could be tightened on Moscow if it continued to back Assad.

COPYRIGHT VIOLATION WARNING: "Rio Tinto plc (RIO) Stock Rating Reaffirmed by Macquarie" was first published by Markets Daily and is owned by of Markets Daily.

The company also recently announced a semiannual dividend, which was paid on Thursday, April 6th. Stockholders of record on Thursday, February 23rd were paid a GBX 100.56 ($1.25) dividend. This is a positive change from Rio Tinto plc's previous semiannual dividend of $0.96. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a dividend yield of 2.98%. The share price of the stock surged 22.43% for the year. UBS Asset Management Americas Inc. purchased a new stake in Rio Tinto plc during the fourth quarter worth approximately $119,000. Boston Advisors LLC raised its position in shares of Rio Tinto plc by 0.5% in the third quarter. Stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 1 analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating.

Rio Tinto plc (NYSE:RIO) says it is likely a stoush with the Australian Tax Office (ATO) over $447 million in allegedly unpaid taxes will be challenged in court.

Transportation Committee Dem Wants Hearing on United Airlines Incident
Munoz said United was "moving with a sense of urgency" to work with the authorities and conduct its own review of the incident. A video of the incident shows the man screaming as his seatbelt is unbuckled and he is pulled from his seat by three guards.

The company said last week that it was committed to supporting local businesses in the development of its Pilbara iron ore deposits, with the bulk of the A$180 contracts for the Silvergrass mine going to Western Australian companies. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company operates an iron ore business, supplying the global seaborne iron ore trade.


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