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Rio Tinto ( (GB:RIO) ) has provided an announcement.
Rio Tinto announced a transaction involving its Chief Financial Officer, Peter Cunningham, who acquired shares from the 2022 Bonus Deferral Award under the 2018 Equity Incentive Plan. The transaction included the acquisition of shares in lieu of dividends and the sale of shares to cover tax withholding. This announcement is part of regulatory disclosures under the Market Abuse Regulation, reflecting the company’s compliance and transparency in managerial share dealings.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Spark’s Take on GB:RIO Stock
According to Spark, TipRanks’ AI Analyst, GB:RIO is a Outperform.
Rio Tinto’s strong financial performance and attractive valuation are the primary drivers of its stock score. The technical analysis suggests bullish momentum, though caution is advised due to potential overbought conditions. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:RIO stock, click here.
More about Rio Tinto
Rio Tinto is a leading global mining group that focuses on finding, mining, and processing mineral resources. The company primarily deals in the production of iron ore, aluminum, copper, diamonds, gold, and industrial minerals, serving markets worldwide.
Average Trading Volume: 2,738,808
Technical Sentiment Signal: Buy
Current Market Cap: £92.85B
For an in-depth examination of RIO stock, go to TipRanks’ Overview page.