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The latest update is out from Rio Tinto Limited ( (AU:RIO) ).
Rio Tinto Limited has announced the issuance of 40,903 unquoted 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 its workforce, potentially impacting employee retention and motivation, and aligning their interests with those of the company, thereby strengthening its operational framework.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$129.50 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 primarily focused on the extraction and production of minerals and metals. The company is known for its extensive operations in the mining industry, particularly in the production of iron ore, aluminum, copper, and diamonds, serving markets worldwide.
Average Trading Volume: 1,514,896
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$173.3B
For an in-depth examination of RIO stock, go to TipRanks’ Overview page.