Analysts expected the company to report $8.5bn. The firm has "Buy" rating given on Tuesday, January 9 by Sandler O'Neill.
Shares of Rio Tinto (RIO) opened at GBX 3,818.50 ($53.54) on Thursday. Whereas 4 of them predict the stock is a hold. The company was maintained on Wednesday, April 19 by HSBC. Liberum Capital reaffirmed a "sell" rating and set a GBX 2,750 ($38.56) price target on shares of Rio Tinto in a report on Wednesday. Zacks Investment Research upgraded Rio Tinto from a "hold" rating to a "strong-buy" rating and set a $56.00 target price on the stock in a research note on Saturday, October 7th.
The company, which admitted is hunting for acquisitions, including in new commodities such as lithium, handed shareholders $1.80 per stock, taking its payout for 2017 to $2.90. About 1.13M shares traded.
Rio Tinto Plc (NYSE:RIO) has the Market Capitalization of 102.07 Billion. The company's market cap is $102.07 Billion, and the average volume is 2.52 Million.
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Rio Tinto's biggest single business is the production of iron ore. The Company's products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium. This is not a recommendation to buy or sell Rio Tinto plc (NYSE:RIO). Therefore 59% are positive. Rio Tinto plc presently has an average rating of "Buy" and an average price target of GBX 3,796.25 ($49.03). GBX 3385.35's average target is -11.10% below currents GBX 3808 stock price. Barclays lifted their price objective on Rio Tinto from GBX 4,100 ($57.49) to GBX 4,500 ($63.10) and gave the stock an overweight rating in a research report on Tuesday, October 24th. The stock has "Neutral" rating by BNP Paribas on Thursday, January 7. Franklin Resources Inc owns $763.59 million in Rio Tinto plc, which represents roughly 0.75% of the company's market cap and approximately 14.62% of the institutional ownership. Looking slightly further out, the stock is -3.56% year to date. The stock has "Sector Perform" rating by RBC Capital Markets on Friday, August 7.
Rio Tinto rewarded shareholders on Wednesday with a record dividend as the mining giant reported a bumper annual net profit of $8.76-billion (R104.75-billion) in 2017, a 90 percent jump, as commodity prices strengthened. Macquarie Research has "Outperform" rating and GBX 2300 target.
Capital expenditure is expected to remain at around $US5.5 billion in 2018 and around $US6.0 billion in each of 2019 and 2020. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workersÂ' compensation, specialty property, inland marine, management and professional liability, and surety, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.
The Company ended its previous trading session at $74.11 with the loss of -0.78%.
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The shares were flat in early trading.
Rio Tinto plc is a mining and metals company. It has underperformed by 21.42% the S&P500.
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