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Published: Sun, April 23, 2017
Economy | By Melissa Porter

Rio Tinto plc (ADR) (NYSE:RIO) & Hostess Brands, Inc. (NASDAQ:TWNK)

Rio Tinto plc (ADR) (NYSE:RIO) & Hostess Brands, Inc. (NASDAQ:TWNK)

The firm now has a "neutral" rating on the stock. They now have a GBX 2400.00 target price on the company.

Escondida is not the only headache in Rio's copper division, with output from Indonesia's Grasberg mine also weak in the March quarter on the back of a dispute with the local government over exports and a new operating licence for the mine.

On 04/19/2017, Credit Suisse released a statement about Rio Tinto PLC (LON:RIO) maintained the target price at 4,000.00GBX that suggested an upside of 0.28%. 2,785,733 shares of the stock traded hands.

RBC Capital Markets noted a target price of 4400 on Rio Tinto PLC's shares. The 52 week high shares of Rio Tinto PLC have reached is 3718.5 whilst the 52 week low for the company's shares is 1853.

Among 3 analysts covering Minerals Technologies (NYSE:MTX), 1 have Buy rating, 0 Sell and 2 Hold.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 6.58%, and has a solid year to date (YTD) performance of 3.23% which means the stock is constantly adding to its value from the previous fiscal year end price. Engaged Capital Ltd Llc invested in 7.79% or 3.85 million shares. Pillar Pacific Cap Management Ltd Company, a California-based fund reported 5,265 shares. The stock of Rio Tinto plc (LON:RIO) earned "Buy" rating by Investec on Friday, July 22.

The firm also recently declared a dividend, which will be paid on Thursday, April 6th. Stockholders of record on Friday, February 24th were paid a dividend of $1.2582 per share. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/04/21/rio-tinto-plc-rio-to-post-fy2018-earnings-of-4-03-per-share-jefferies-group-forecasts-updated.html. This represents a yield of 2.98%. The ex-dividend date was Thursday, February 23rd.

WARNING: This story was originally published by BBNS and is owned by of BBNS. If you are reading this article on another publication, it was illegally copied and reposted in violation of USA & global trademark and copyright legislation. The shares were sold at an average price of GBX 3,618 ($45.54), for a total transaction of £120,298.50 ($151,414.10).

Rival BHP Billiton PLC (BLT.LN) (BHP.AU) (BHP.AU) rose 0.5% as the company said it's embarking on a $204 million expansion of its coking-coal operations in eastern Australia (http://www.marketwatch.com/story/bhp-billiton-plans-204m-expansion-of-coal-mine-2017-04-20) to increase production and reduce operating costs.

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