Shares of Rio Tinto Plc have moved 1.4% today, and are now trading at a price of $68.79. In contrast, the S&P 500 index saw a 2.6% change and the Dow Industrial Average posted a 3.9% performance. Today's trading volume is 3,969,124 compared to the stock's average volume of 4,271,014.
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. Based in London, United Kingdom the company has 49,000 full time employees and a market cap of $111,490,015,232. Rio Tinto Plc currently offers its equity investors a dividend that yields 10.0% per year.
The company is now trading -3.64% away from its average analyst target price of $71.39 per share. The 5 analysts following the stock have set target prices ranging from $53.56 to $90, and on average give Rio Tinto a rating of buy.
Over the last year, RIO shares have gone up 9.2%, which represents a difference of 21.5% when compared to the S&P 500. The stock's 52 week high is $84.69 per share whereas its 52 week low is $50.92. Based on Rio Tinto's average gross margins growth of 12.2% over the last four years, its core business remains strong and the stock price may maintain this level of performance.