|Bid||4,944.50 x 0|
|Ask||4,945.00 x 0|
|Day's Range||4,787.50 - 4,958.00|
|52 Week Range||44.87 - 5,152.00|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||11.25|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||2.97 (6.23%)|
|Ex-Dividend Date||Aug 06, 2020|
|1y Target Est||53.70|
Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on Wall Street rallied on encouraging corporate earnings. Oil prices rose to their highest since early March on a big drop in U.S. crude inventories and on the weak dollar, which was pushed lower by data showing euro zone business activity returned to modest growth in July. Gold set a new record after scaling $2,000 for the first time on Tuesday, as investors seek a store of value on fears government stimulus in response to the pandemic will trigger inflation, devalue other assets and keep bond yields low.
Mining companies need more skilled engineers if they are to meet strict new global safety standards for tailings dams aimed at preventing catastrophic failures like those in recent years that have killed hundreds of people and inundated nearby communities with mine waste. Experts said miners had not placed as much importance on tailings management, with little prestige attached to the unglamorous work of trekking to remote mine waste dams where engineers analyze the consistency of the slurry and verify the integrity of the structure. In Brazil, more than 250 people died in 2019 when the Vale SA's Brumadinho upstream tailings dam collapsed, flooding the nearby community with mine waste.
Rio Tinto today reiterated its determination to ensure that the destruction of heritage sites of exceptional archaeological and cultural significance, such as the Juukan rockshelters, never occurs again.