|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||55.41 - 56.10|
|52 Week Range||38.95 - 60.72|
|PE Ratio (TTM)||11.39|
|Forward Dividend & Yield||2.20 (3.87%)|
|1y Target Est||N/A|
This analysis is intended to introduce important early concepts to people who are starting to invest and want to begin learning the link between Rio Tinto plc (LON:RIO)’s return fundamentalsRead More...
The latest earnings announcement Rio Tinto Limited (ASX:RIO) released in December 2017 confirmed that the business benefited from a sizeable tailwind, eventuating to a high double-digit earnings growth of 89.78%.Read More...
Source: InsiderScore.com On June 12, Sailingstone Capital Partners issued an open letter to the Turquoise Hill board, outlining approaches Turquoise Hill could take to boost its performance. Specifically, Sailingstone said it believes Turquoise Hill should “recalibrate” and become a truly independent company, and not rely on the guidance of the miner Rio Tinto (RIO), which holds a majority stake in the firm. Lastly, Turquoise Hill should reshape executive compensation, removing all Rio Tinto stock and operating performance metrics.
A former Mongolian finance minister and a businessman held since April as part of an investigation into negotiations on the Oyu Tolgoi copper and gold mine operated by Rio Tinto have been released, court sources said. The prosecutor's office requested their release on Tuesday. Former finance minister Bayartsogt Sangajav was arrested with Byambasaikhan Bayanjargal, former chief executive of state-owned investment company Erdenes Mongol.
Rio Tinto (RIO) (TRQ) stock had returned 12.7% year-to-date as of June 7. Similar to BHP Billiton (BHP) stock, it fell 2.6% in the first quarter this year. As commodity prices firmed, the miners’ stocks picked up in April. The company has reignited its efforts to reduce costs and increase productivity. These efforts, along with balance sheet improvement and buoyant commodity prices, have significantly improved RIO’s prospects. Let’s look at the company’s revenue and earnings estimates.
Which Stocks Are Analysts Favoring amid High Volatility? Of the 13 analysts covering Rio Tinto (RIO) stock, 61% recommend “buy,” 31% recommend “hold,” and 8% recommend “sell.” One year back, 80% of analysts recommended “buy.” In comparison, of the analysts covering BHP Billiton (BHP) and Vale (VALE), 53% and 56% recommend “buy,” respectively. Cleveland-Cliffs (CLF), which is mainly exposed to the US domestic market, has “buy” recommendations from 54% of analysts covering the stock.
(Reuters) - Major miner Rio Tinto (RIO.L) (RIO.AX) named Jacob Stausholm, formerly CFO of Danish shipping company A.P. Moller-Maersk, to replace outgoing financial boss Chris Lynch when he retires in September, ...
Major miner Rio Tinto named Jacob Stausholm, formerly CFO of Danish shipping company A.P. Moller-Maersk, to replace outgoing financial boss Chris Lynch when he retires in September, the Anglo-Australian ...
has turned to the shipping industry for its new finance chief, ending a nine-month search. The Anglo Australian mining company said on Tuesday it Jakob Stausholm, the chief financial officer of AP Moller Maersk, would replace incumbent Chris Lynch in September. The appointment of Mr Stausholm marks the latest change to the top team at Rio.
Rio Tinto Group named ex-shipping executive Jakob Stausholm as its new chief financial officer, completing a two-year leadership overhaul at the world’s second-largest miner.
Frankly, Mr Stausholm will do well to keep Rio’s financial health as rosy as it is. Rio, on UBS estimates, should have net cash by end 2020, and it is certainly not alone. Understandably, some shareholders in this sector might wonder if this group has invested enough to keep the good times going.
Of the 17 analysts covering BHP Billiton (BHP), 53% recommend “buy,” 41% recommend “hold,” and 6% recommend “sell.” Their consensus target price for BHP is $33.20, which implies a 1% downside based on its current market price. Unlike BHP, peers (XME) Vale (VALE), Cleveland-Cliffs (CLF), and Freeport-McMoran (FCX) have an upside potential based on their target prices.
The 50-50 joint venture with state-owned Minmetals follows a technical agreement signed in November when both parties committed to a collaborative partnership in mineral exploration. Major miners have been seeking ways to maximise exploration budgets and have also been analysing the sustainability of their portfolios in light of the changing needs of China, the world's biggest commodity consumer, as its economy matures.
While an increasingly protectionist trade policy from the White House has rattled steel stocks, one team of analysts on the Street is out with a note suggesting that the international trade threat may not be so bad from some industry giants. On Friday, President Trump announced new levies of 25% and 10% on European steel and aluminum imports, respectively.
When it comes to self-driving technology, a bulk of the focus is on personal transportation. Mining, farming and construction were all ripe for implementing self-driving technology before it made its way to public transportation because they all largely take place on privately owned land in a more controlled environment. All three of these industries are also comprised of repetitive tasks with little to no variability.
In May, the two metals companies announced a joint venture to commercialize carbon-free aluminum. Located in Montreal, the joint venture (JV), Elysis, will replace all direct greenhouse gas emissions from the traditional smelting process. Since 1886, the aluminum industry has relied on a production process that uses large pots, lined with black carbon and connected to an electrical current.
Rio Tinto Limited (ASX:RIO), a large-cap worth AU$141.90B, comes to mind for investors seeking a strong and reliable stock investment. One reason being its ‘too big to fail’ aura whichRead More...
The discharge of what are called tailings, the leftovers of mineral extraction, is perfectly legal under Freeport’s current contract with the government. It shouldn’t have been a surprise, really, considering most every other miner in the world has been forced or has elected to stop discarding tailings in rivers. Freeport, though, has said that won’t happen at Grasberg.
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Rio Tinto plc (LSE:RIO) a safer option. Big corporations are much sought after by risk-averseRead More...
In this article, we’ll look at China’s iron ore port inventories and what they suggest for iron ore prices. These inventories reflect the difference between demand and supply. Usually, if iron ore isn’t used up by steel mills, it piles up at ports. Therefore, increasing inventories reflect weak demand, and vice versa.
Since the main seaborne iron ore exporters are from Australia or Brazil (EWZ), it’s imperative for iron ore investors to track these countries’ iron ore exports, which serve as a key supply-side indicator. According to the Pilbara Ports Authority, iron ore exports rose just 0.7% YoY (year-over-year) to ~42.6 million tons in April. Sequentially, imports rose 1.2%. Port Hedland, Australia’s largest iron ore loading port, is used by major miners BHP (BHP), Hancock Prospecting, and Fortescue Metals (FSUGY). Rio Tinto (RIO), on the other hand, uses Port Dampier. ...
Continuing their volatile streak, iron ore prices are now falling after rising in April. Iron ore reached $63.90 per ton on May 28, registering its seventh drop in eight sessions. While prices were supported in April and early May by China’s announcement of a cut in bank reserve requirements, rising inventory concerns eventually pushed them downward.
Previously in this series, we’ve looked at major copper producers’ first-quarter production data. In this article, we’ll look at the 2018 production guidance provided by leading copper miners. We’ll be focusing on companies that changed their guidance this year.