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Rio Tinto Limited ( (AU:RIO) ) has shared an update.
Rio Tinto Limited has announced the issuance of 219,222 share rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize employees and align their interests with the company’s long-term goals, potentially impacting its operational efficiency and stakeholder engagement.
The most recent analyst rating on (AU:RIO) stock is a Buy with a A$120.00 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 focused 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: 1,565,246
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$165.7B
For detailed information about RIO stock, go to TipRanks’ Stock Analysis page.