|Bid||62.20 x 1000|
|Ask||62.21 x 800|
|Day's Range||61.88 - 62.76|
|52 Week Range||35.35 - 65.20|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||14.11|
|Forward Dividend & Yield||3.82 (5.91%)|
|Ex-Dividend Date||Mar 06, 2020|
|1y Target Est||58.51|
Is (RIO) Outperforming Other Basic Materials Stocks This Year?
Asia futures were mixed on Wednesday and gold traded mixed, after U.S. and European equities gained overnight on strong earnings results. Hong Kong futures were 0.01% lower, while Nikkei futures were trading slightly above the Nikkei 225 index's previous close and Australian shares were set to track Wall Street higher. "Low rates of interest just increase the attractiveness of real assets," David de Garis, director of economics at National Australia Bank, said on the bank's morning podcast.
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.