RIO - Rio Tinto Group
| Previous Close | 60.46 |
| Open | 60.58 |
| Bid | 60.20 x 800 |
| Ask | 60.79 x 1100 |
| Day's Range | 60.34 - 60.93 |
| 52 Week Range | 44.62 - 63.27 |
| Volume | 1,386,985 |
| Avg. Volume | 3,178,285 |
| Market Cap | 68.862B |
| Beta (3Y Monthly) | 0.37 |
| PE Ratio (TTM) | 7.72 |
| EPS (TTM) | 7.88 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.61 (6.14%) |
| Ex-Dividend Date | 2019-03-07 |
| 1y Target Est | 63.37 |
- Investopedia•2 days ago
Top 5 Copper Stocks for 2019
With copper prices declining after a period of strength, it is important to look for stability and safety in copper-related investments.
Bloomberg•2 days agoEuropean Stocks Open Steady as Miners Slump, Automakers Advance
(Bloomberg) -- European equities opened little changed as mining shares paced the declines on falling iron ore prices while autos, energy and banks gained ground.
- Reuters•3 days ago
BHP cuts iron ore production outlook after Australian cyclone
BHP Group, the world's biggest miner, joined rival Rio Tinto on Wednesday in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits. Cyclone Veronica tore down the coast of Western Australia in March, hitting several iron ore export hubs, in a return of more turbulent weather conditions after several moderate years. The lower production also led to a rise in BHP's costs, while Rio Tinto suffered operational issues in the first quarter, including a fire at its Cape Lambert operations, said Brenton Saunders, an analyst at fund Pendal Group in Sydney.
- MarketWatch•3 days ago
London markets higher on unemployment data
London markets moved up Tuesday as low U.K. unemployment figures gave stocks a boost. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) rose 0.2% to 7,451.1 on Tuesday, after closing flat Monday.
- Reuters•4 days ago
PRESS DIGEST- Financial Times - April 16
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Rio Tinto cuts FY iron ore guidance on cyclone damage https://on.ft.com/2PbNlcw ...
- Reuters•4 days ago
Rio Tinto cuts FY iron ore guidance after cyclone hits first-quarter shipments
Rio, the world's No. 2 miner of the steelmaking material, cut its annual iron ore shipments estimate to a range of 333 million to 343 million from a range of 338 million to 350 million tonnes announced earlier. Rio shipped 69.1 million tonnes in the quarter ended March 31, down from 80.3 million tonnes last year and well below the Goldman Sachs estimate of 74.7 million tonnes.
- Reuters•4 days ago
European shares edge higher on trade optimism; U.S. bank earnings weigh
European shares ended higher on Monday with telecom and retail stocks leading gains as Sino-U.S. trade optimism and strong Chinese economic data eased some worries over global growth - though lacklustre earnings from big U.S. banks weighed. The pan-European STOXX 600 index rose for the fourth straight session, hovering near eight-month highs with most indices in the region gaining, apart from Britain's FTSE 100 which lost ground as miners and oil majors fell. Markets cheered the progress in trade talks after U.S. Treasury Secretary Steven Mnuchin said on Saturday he hoped that the United States and China were close to the final round of negotiations.
- Financial Times•4 days ago
Rio Tinto cuts 2019 iron ore outlook on cyclone damage
Rio Tinto cut its 2019 guidance for shipments of iron ore to between 333 and 343m tonnes on Tuesday as a result of cyclone damage at its port in Western Australia. The Anglo-Australian miner shipped 69.1m tonnes of the commodity used to make steel in the first quarter, down 14 per cent year on year, following weather disruptions in March and a fire at its Cape Lambert A port facility, the company said. “Our iron ore business faced several challenges at the start of this year, particularly from tropical cyclones,” said Rio chief executive J-S Jacques, adding that the guidance for Pilbara shipments had been reduced.
- Evening Standard•4 days ago
Market report: Investors give Rio Tinto's Arizona cash plan the cold shoulder
Investors on Monday chose not to dig deep into their pockets for Rio Tinto. The firm said the money for the Resolution Copper scheme in Arizona will be used for additional drilling, studies and infrastructure improvements. Rio Tinto chief executive JS Jacques said: “The rise of electric vehicles, battery storage, new transmission technology and other green energy innovations are highly copper intensive.
- Reuters•4 days ago
European shares subdued after U.S.-China trade deal hopes
European shares were steady in early trade on Monday, as hopes that Sino-U.S. trade talks could be nearing their final stages and strong Chinese economic data eased worries over the global economy, but domestic trade tensions kept a lid on advances. Milan's main index and Madrid's led with gains of 0.4 percent, while London's FTSE 100 lagged with a 0.1 percent dip. Asian shares neared nine-month highs after U.S. Treasury Secretary Steven Mnuchin said on Saturday a U.S.-China trade agreement would go "way beyond" previous efforts to open China's markets to U.S. companies, and hoped that the two sides were close to the final round of negotiations.
- Financial Times•4 days ago
Rio Tinto to boost investment in sprawling US copper project
Rio Tinto plans to boost its investment in one of the world’s biggest copper projects, as the Anglo-Australian miner looks to tap into demand for a metal used in everything from electric vehicles to batteries. This will bring the total investment between Rio Tinto, and its minority partner BHP Billiton, to $2bn since 2014. “The rise of electric vehicles, battery storage, new transmission technology and other green energy innovations are highly copper intensive,” said Rio Tinto chief executive JS Jacques.
- Financial Times•4 days ago
Mick Davis comeback orchestrated by Beny Steinmetz’s group
Mick Davis, the Conservative party chief executive and former head of Xstrata, has launched his comeback to the mining industry through a deal orchestrated by BSGR, the miner that has been embroiled in bribery and corruption investigations. Niron Metals, an investment vehicle co-founded and chaired by Sir Mick, was asked to develop an iron ore deposit in Guinea by BSGR and its advisers, according to people familiar with the deal. BSGR is the mining group controlled by the family of Beny Steinmetz, the Israeli diamond trader.
- Bloomberg•4 days ago
China Isn't Ready for Iron Deficit, Industry Veteran Warns
Prices will “absolutely” continue to rise as mine closures in Brazil spur a deficit, Wu Wenzhang, founder and president of Shanghai Steelhome Information Technology Co., said in an interview. Mills in Europe and the Middle East will be in a worse position than China’s in the event of a prolonged shortage, he said. Shipments from the South American nation are collapsing, while Australian disruptions and signs of a pick-up in China’s steel demand offer a further boost to prices.
- Simply Wall St.•5 days ago
Why Rio Tinto Group (LON:RIO) Could Have A Place In Your Portfolio
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Rio Tinto Group (LON:RIO) due to its excellent fundamentals in more than one area. RIO...
- Zacks•7 days ago
Newmont's (NEM) Shareholders Clear Goldcorp Transaction
The approval of the transaction from the shareholders of both parties satisfies the conditions to Newmont's (NEM) earlier announced one-time special dividend.
- Zacks•8 days ago
Allegheny (ATI) Extends Purchase Agreement With Rolls-Royce
The long-term deal supports Allegheny's (ATI) broad production capabilities and market-leading alloy development.
- Zacks•8 days ago
Ashland to Hike Price of Composites Products in North America
Per Ashland (ASH), the hike is mainly driven by persistent increase in cost of key raw materials, freight and tariffs.
- Market Realist•8 days ago
Why Is Barclays Optimistic on the Iron Ore Price Outlook?
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Barclays upgrades iron ore price forecast Barclays is optimistic about the iron ore price outlook given the supply disruptions from Australian miners as well as Vale’s
- Market Realist•8 days ago
Credit Suisse Is Expecting a Push in Iron Ore Prices on Supply Deficit
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Credit Suisse As iron ore supply disruptions, at least from Vale (VALE), don’t look likely to go away easily, analysts have started another round of upgrades for iron
Market Realist•9 days agoCould Chinese Port Inventories Decline amid Supply Tightness
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Supply disruptions and inventoryAs the supply disruptions from the world’s two largest iron ore exporters, Brazil and Australia, have started showing in the export
- Market Realist•9 days ago
Iron Ore Prices Rally as Miners Cut Their Shipment Estimates
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Vale’s dam disasterVale’s (VALE) iron ore production and shipments estimates have been negatively impacted by the dam burst on January 25. You can read Vale’s Q4
- Market Realist•9 days ago
Is the Party Just Getting Started for Iron Ore Miners?
Is the Party Just Getting Started for Iron Ore Miners?Iron ore prices touch five-year high Iron ore prices are again touching multiyear highs. According to the Metal Bulletin, the benchmark iron ore prices (62% iron ore content) surged to ~$95.3 per
- Reuters•9 days ago
CRU-CESCO-From turbines to thermostats: Copper miners eyes high-tech demand
Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity. Copper is used to make motors, batteries, wiring and other goods as it is the best electrical-conducting metal, after silver. "Copper is going to be central to the green revolution," Charlie Durant, a CRU analyst, said at the World Copper Conference this week in Santiago.
- Zacks•9 days ago
Univar to Distribute Plant-Based Products of Axiom Foods
The deal provides Univar (UNVR) the opportunity to team with a leading innovator of rice and pea protein.
