What Should You know About Rio Tinto Plc (RIO) Before Investing?

Rio Tinto Plc logged a 3.4% change during today's evening session, and is now trading at a price of $67.81 per share. On average, analysts give it a target price of $83.17.

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The large-cap company is based in the United Kingdom. Rio Tinto Plc currently returns an annual dividend yield of 6.1%.

Make Sure to Consider the Following Before Buying Rio Tinto Plc:

  • Rio Tinto Plc has moved 7.0% over the last year.

  • RIO has a forward P/E ratio of 16.1 based on its EPS guidance of 4.21.

  • Its Price to Book (P/B) ratio is 2.13

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.