Rio Tinto 1Q FY17 production impacted by Cyclone Debbie

Rio Tinto has published a modest set of production numbers for the March quarter

The stock subtracted in the prior trading session by -1%, closing at the stock price of $38.62. Based on the brokers price target of 3800, this means Jefferies International believes there is a potential increase of 24.88% from the current stock price of 3043.

RIO has been the topic of a number of other research reports.

In the past year Rio Tinto PLC's stock price has increased by 30.67% from 2324.11 to 3037.

The number of shares Rio Tinto PLC now has in issue is 1,799,110,000, which have a value of 3003 per share calculating Rio Tinto PLC's market capitalisation to 54.03B GBP. S&P Global set a GBX 3,400 ($42.79) target price on Rio Tinto plc and gave the stock a "buy" rating in a research note on Thursday. The 12-month price target is 30.05GBX with five firms rating the stock a strong buy, 10 firms rating the stock a buy, 9 firms rating the stock a hold, three equity analysts rating the company a underperform, and lastly one equity analyst rating the company a sell. The stock now has an average rating of "Buy" and a consensus target price of GBX 3,606.33 ($45.39).

Rio Tinto plc (LON:RIO) opened at 3644.00 on Thursday.

RIO has a 1-year high price of $ 45.83 and 1-year low price of $25.86. The company has a 50-day moving average of GBX 320.67 and a 200 day moving average of GBX 291.05.

The firm also recently declared a dividend, which was paid on Thursday, April 6th. This is an increase from Rio Tinto plc's previous dividend of $33.80. This represents a dividend yield of 0.84%. The ex-dividend date was Thursday, February 23rd.

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Rio Tinto has slashed its copper production target and revealed a slow start to 2017 from its flagship iron ore division. They now have a GBX 390 ($4.91) price objective on the natural resources company's stock. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore.



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