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Rio Tinto Limited ( (AU:RIO) ) has issued an update.
Rio Tinto has filed an amended public opening position disclosure under UK takeover rules, confirming that as offeror it currently holds no relevant securities, derivatives or short positions in Rio Tinto plc or Rio Tinto Limited beyond ordinary shareholdings by its directors and related parties. The filing details only de minimis director shareholdings and clarifies that there are no rights to subscribe for new securities, signalling a neutral starting position in terms of control or leverage over the relevant securities as formal offer-related disclosures commence, which may be closely watched by investors and regulators for any subsequent changes in ownership or derivative positions.
The most recent analyst rating on (AU:RIO) stock is a Buy with a A$171.00 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 is a global mining and metals group dual-listed in the UK and Australia, focused on the exploration, extraction and processing of mineral resources including iron ore, aluminium, copper and other key industrial and battery materials that supply global manufacturing and infrastructure markets.
Average Trading Volume: 1,278,484
Technical Sentiment Signal: Buy
Current Market Cap: A$222.7B
See more insights into RIO stock on TipRanks’ Stock Analysis page.