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Rio Tinto Group (RIO)

NYSE - NYSE Delayed Price. Currency in USD
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82.77+0.69 (+0.84%)
At close: 4:00PM EDT
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  • J
    Jazenevd
    Production report brings in low numbers. However, commodity pricing was much stronger in q2, even by comparison with q1. It is disappointing a bit that iron ore production/shipments dropped by about 10%. However, iron ore price went up more than 20%. In total, the company makes super-sized profits at the moment.
  • J
    Jon
    Will labor strike at Kitimat have a material effect upon stock price,
    Bullish
  • J
    Jazenevd
    The company already set schedule for next dividend. Record date: August 12, payment date: September 23. The dividend amount will be likely declared together with upcoming H1 earnings release: July 28.
  • J
    Jazenevd
    Upgraded to Buy at Goldman Sachs Australian office, price target raised from A$128 to A$144.40. New target price indicates about 10% increase comparing to present share price in Australia A$130.60, the latter number did not account for Friday selloff.
  • J
    Jazenevd
    Maintained as Overweight at JPMorgan in London. Price target reduced from GBP83.10 to GBP82.50. The stock closed in London today at 57.55.
  • K
    Kevin
    where can I buy kínko stock?
  • S
    Selim
    Is there any expected sanction related to Juukan Gorge issue ? Any updated info you have ?
  • J
    Jazenevd
    Serbia-Jadar news. Top government officials, including Prime Minister make numerous references to Jadar lithium project that became a political issue in the country. The government has made own position clear. It strongly supports lithium development, though final decision on the project will be made only after Rio submits Environmental Impact Study and if the decision is positive then it will be put on referendum. As of now, government approval rating, based on ongoing polls, is about 60%.
    Rio scheduled to finish the Environmental Study by end of 2021. If approved, then construction can start immediately after it. Next Serbian elections will take place in March 2022 and so the referendum could be scheduled together with the elections.
    Jadar can make Rio a significant lithium producer. It could deliver around 5% of world lithium output by production time. Based on present market, the project capacity is closer to 10% of present world output.
  • j
    jisa
    I heard about RIO the other day on (http://Rightpicker.com). It’s looking like an interesting play.
  • S
    SD girl
    Could somebody, who owns RIO stock at least since 2020 (or before), be so kind and please tell me if at the year end RIO provides form 1099-div or k-1 to the US investors? It is PLC, but I could not find any relevant tax info on RIO web site. It is very important for me, as I do not want to buy any companies that give K-1. Thank you
  • D
    Dudarino
    bought this company for my div portfolio, strong multipliers and nice dividends
  • J
    Jazenevd
    Citi made a note on iron ore miners today, posted by Morningstar
    Start of quote
    China's narrowed steel profits suggest steel production must slow, but Citi says it "doesn't feel like a sell case for the big cap miners" of raw ingredient iron ore. Neither BHP nor Rio Tinto are expensive, Citi says, with both trading around or slightly below through-cycle multiples based on the bank's 2024 commodity price estimates when adjusting the balance sheet for excess cash. "They're not cheap" either, but dividends are expected to remain high, Citi says, forecasting an average annual 2021-2023 dividend yield of roughly 9% for BHP and 13% for Rio Tinto.
    End of quote
    13% dividend sounds good and likely it will not be seen, because share price will move higher bringing the yield lower. Hard to believe that market participants will take 13% without driving the price up.
  • J
    Jazenevd
    The latest news from S.Africa. Richards Bay Minerals will reopen on Monday. It was decided during CEO meeting with SA President. Rio promised to recruit 40% employees from local communities, while local community chiefs promised to be quiet.
    It is good news for the company, though in long term investing money in that place hardly makes sense.
  • I
    Ian
    CNBC had Rio's divy at 12%??? Anybody else see that number? it's twice current level of . Typo? or special divy? Anybody now?
    Bullish
  • J
    Jazenevd
    FWIW. Upgraded by Zack from Hold to Buy. Price target $92.
  • J
    Joe
    Yamana Gold Inc.
    #AUY dividend nothing compared to #NEM, #BHP, #RIO, .....and they actually have seen great price appreciation. Their CEO's make just a tad more than Yamana insiders. Financial scam disguising as a miner.
  • J
    Jazenevd
    Macquarie upgraded iron ore miners today, based on strong outlook for iron pricing. Earning estimates raised by 45%, price target to $157. Also, the analyst specifically pointed to RIO as the best iron ore mining stock.
    Please note, it is posted by an Australian source and so price target could be in Australian dollars, though it is not quite clear from the article.
  • P
    Paul
    Does RIO attempt to hedge prices for the metals they produce, Iron or Copper? Or do they sell at the market at time of shipment? Or do they have longer term fixed price sale contracts with select customers?
    In reviewing the awesome 84 pages of data and charts and graphs from their last annual rep[ort I see no mention. Thanks.
  • J
    Jazenevd
    Q2 production report will be released this evening.
  • J
    Jazenevd
    China iron prices jumped 5% today. Spot $217, September futures $189. Continuing attempts of Chinese government to stare the price down do not work. Rio continues collecting super-sized profits and, very important point, these profits are earned in Australia, the best mining jurisdiction of the world, where, unlike too many places on this planet, government does not jump and rob miners with confiscatory taxes every time commodity pricy goes up.