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Rio Tinto Limited ( (AU:RIO) ) has issued an update.
Rio Tinto has announced that its key management personnel have acquired shares in the company through its dividend reinvestment plan, which allows shareholders to purchase additional shares using their cash dividends. This move signifies confidence in the company’s future prospects and could positively impact shareholder value by increasing insider ownership.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$115.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
More about Rio Tinto Limited
Rio Tinto Limited is a leading global mining group that focuses on finding, mining, and processing mineral resources. The company is primarily involved in the production of essential commodities, including iron ore, aluminum, copper, and diamonds, serving markets worldwide.
YTD Price Performance: 12.11%
Average Trading Volume: 1,522,784
Technical Sentiment Signal: Buy
Current Market Cap: A$172.5B
See more data about RIO stock on TipRanks’ Stock Analysis page.