- Barrons.com•18 hours ago
Brazilian iron ore-producer Vale (VALE) and miners Rio Tinto (RIO) and BHP Billiton (BHP) are taking a measured approach to ramping up production, but shares have limited upside, Jefferies analysts say. Vale is slowing the ramp-up of its S11D iron ore project, which should have a positive, tightening effect on iron ore supplies and prices, according to Jefferies analysts Christopher LaFemina, Patricia Hove and Timothy A. Ward, who think an iron ore oligopoly is reemerging, Vale is benefiting from asset sales, and stimulus in China is improving demand there and portends a cyclical recovery in other emerging economies.
- Bloomberg•21 hours ago
Rio Tinto Group, the world’s second-largest mining company, offered to buy back as much as $3 billion of its bonds as part of a plan to reduce debt.
Rio Tinto plc (RIO)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||31.97 x 1000|
|Ask||31.99 x 800|
|Day's Range||32.15 - 32.53|
|52wk Range||21.89 - 40.05|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||1,462.27|
|Avg Vol (3m)||3,815,231|
|Dividend & Yield||1.51 (4.67%)|