RIO - Rio Tinto plc

NYSE - NYSE Delayed Price. Currency in USD
50.89
+0.20 (+0.39%)
At close: 4:02PM EST

50.89 0.00 (0.00%)
After hours: 4:48PM EST

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Previous Close50.69
Open50.50
Bid48.00 x 3200
Ask52.00 x 800
Day's Range50.44 - 50.98
52 Week Range44.62 - 60.72
Volume1,987,181
Avg. Volume2,854,591
Market Cap81.873B
Beta (3Y Monthly)0.43
PE Ratio (TTM)9.16
EPS (TTM)5.55
Earnings DateN/A
Forward Dividend & Yield2.54 (5.01%)
Ex-Dividend Date2018-08-09
1y Target Est59.02
Trade prices are not sourced from all markets
  • Alcoa Stock: Analysts Might Be a Little Too Optimistic
    Market Realist2 days ago

    Alcoa Stock: Analysts Might Be a Little Too Optimistic

    Alcoa: Could There Be a Surprise in Its Q4 Earnings? In the previous part, we noted that Alcoa’s (AA) 2019 earnings estimates look elevated. Aluminum prices (RIO) are hovering near $1,800 per metric ton, while the Alumina Price Index is ~$400 per metric ton.

  • Alcoa: 2019 Might Be the Real Test
    Market Realist3 days ago

    Alcoa: 2019 Might Be the Real Test

    Alcoa: Could There Be a Surprise in Its Q4 Earnings? (Continued from Prior Part) ## Alcoa As we noted previously, aluminum producers, including Century Aluminum (CENX), fell sharply last year and aluminum prices fell. Alumina was relatively strong in 2018 amid supply disruptions. While Alcoa (AA) stock also fell last year, its earnings were actually strong due to higher alumina prices (AWC). Analysts polled by Thomson Reuters expect Alcoa to post an adjusted EBITDA of $3.0 billion in 2018, which is ~30% higher than its 2017 EBITDA. ## Fourth-quarter estimates Looking at the fourth-quarter estimates, Alcoa is expected to post revenues of $3.35 billion in the fourth quarter. The company posted revenues of $3.39 billion in the third quarter and $3.17 billion in the fourth quarter of 2017. Alcoa’s adjusted EBITDA is expected to fall to $717 million in the fourth quarter from $795 million in the third quarter. While Alcoa’s fourth-quarter numbers don’t look that bad, the real test could be in 2019. Analysts expect Alcoa’s adjusted EBITDA to fall to $531 million in the first quarter of 2019. Although analysts expect the company’s EBITDA to rise in the following quarters, the estimates seem to be assuming higher aluminum prices from the current levels. ## Key drivers Falling aluminum prices (RIO) have dented Chinese aluminum smelters’ profitability. Later in 2018, Chinese smelters decided on capacity curtailments. The situation is particularly bleak for smelters that don’t have captive alumina refineries. The alumina-to-aluminum ratio is elevated, which hurts standalone smelters’ earnings. While alumina has come off its highs and the alumina-to-aluminum ratio has come down, it’s still high compared to historical averages. Alumina prices might fall more in 2019, which could hurt integrated producers like Alcoa. Alcoa’s fiscal 2019 estimates appear to be on the higher side compared to other metal prices. Next, we’ll discuss how analysts are rating Alcoa before its fourth-quarter earnings release. Continue to Next Part Browse this series on Market Realist: * Part 1 - Alcoa: Could There Be a Surprise in Its Q4 Earnings? * Part 3 - Alcoa Stock: Analysts Might Be a Little Too Optimistic

  • Lab-grown diamonds will survive Big Diamond’s attempt to kill them, startup says
    Yahoo Finance3 days ago

    Lab-grown diamonds will survive Big Diamond’s attempt to kill them, startup says

    Diamond giant De Beers is fighting back on the threat posed by lab-grown diamonds startups, but "it's not going to work," according to one startup founder.

  • The Wall Street Journal3 days ago

    [$$] Rio Tinto Declares Force Majeure on Some Iron-ore Contracts After Fire

    PLC (RIO.LN) has declared force majeure on some iron-ore contracts after a fire at its Australian port facilities last week. The mining company, one of the world’s top exporters of steel ingredient iron ore, said a fire broke out at the Cape Lambert port in Western Australia state on Jan. 10, causing damage to a section of the plant that separates its Robe Valley lump and fine products. “Rio Tinto is assessing the full impact of the damage and will do all it can to try and minimize disruption to our customers,” the company said in an emailed statement.

  • Palladium Still Isn’t Pricey Enough
    Bloomberg6 days ago

    Palladium Still Isn’t Pricey Enough

    Palladium, once considered an unattractive by-product of platinum mining until the rise of catalytic converters in the 1970s, is hitting new records. You might think this spike will spark an immediate reversal and slump, as is often the case with commodity prices. Palladium and platinum are part of an intertwined group of rare metals(1) that occur in only three regions on the planet: Southern Africa, Siberia and, in smaller amounts, in the U.S. and Canada.

  • Reuters7 days ago

    Blaze damages Rio Tinto's Cape Lambert iron-ore export facility

    Rio Tinto Ltd closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. Cape Lambert is located about 1,250 km (780 miles) north of the Western Australian capital of Perth. A video posted on the Facebook page of the Construction, Forestry, Mining and Energy Union showed flames rippling down a conveyor belt in the pre-dawn darkness as on-looking workers exclaim.

  • Why Goldman Sachs Expects Iron Ore Prices to Drop to $60
    Market Realist8 days ago

    Why Goldman Sachs Expects Iron Ore Prices to Drop to $60

    Why Goldman Sachs Expects Iron Ore Prices to Drop to $60 ## Resilient iron ore prices As we noted in Is the Party Over for Commodities as China Steel Feels the Heat? in November, iron ore prices started collapsing after Chinese steel mills’ margins gave way. In iron ore’s typical price pattern, prices once again started rising and increased ~11% in December. Prices have rallied back to over $70 per ton. ## Goldman Sachs says prices could drop to $60 According to Bloomberg, in a note released today, Goldman Sachs (GS) analysts, including Hui Shan, stated that while the industry’s fundamentals have improved, more supply is on the way, which should restrict the rise in prices. The bank expects iron ore prices to fall to $60 per ton in the next six months. Goldman’s analysts argue that $75 per ton for iron ore is not sustainable for two reasons: “First, part of the rally was fueled by mills restocking ahead of the Chinese New Year. Second, supply is set to increase in 2019.” ## Downside ahead for iron ore? Morgan Stanley (MS) also expects to see losses in the commodity (XME). On January 7, it said, “We’re iron ore bears from here, though, expecting falling crude steel output and growing seaborne supply to ultimately bring price back to the mid-low-$60s/ton.” Moreover, big miners such as Vale (VALE), BHP (BHP), and Rio Tinto (RIO) have been enjoying higher premiums on higher-grade ore due to China’s switch in a bid to control pollution. This switch was supported by higher margins. As margins have waned, it seems like the party might be over for iron ore miners, at least in the short term. The producers of metals such as copper (FCX) and aluminum (AA) have also been under pressure due to China’s muted demand outlook. You can read Why Iron Ore Is Bucking Falling Price Trends Unlike Other Metals for more on this topic.

  • Can Rio Tinto plc’s (LON:RIO) ROE Continue To Surpass The Industry Average?
    Simply Wall St.13 days ago

    Can Rio Tinto plc’s (LON:RIO) ROE Continue To Surpass The Industry Average?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...

  • Bloomberg15 days ago

    Rio Plans to Delay Ex-CEO's Bonus Again Amid Guinea Probe

    In 2017, the company said it would postpone any short- and long-term incentives owed to Sam Walsh for a minimum of two years. Rio is now planning to extend that time period. “Given investigations remain ongoing the board has asked Sam to agree to a further deferral until the investigations have concluded,” a Rio spokesman said in an email Tuesday.

  • Bloomberg16 days ago

    Tropical Cyclone Hits Far North Australia Near Rio Tinto Mine

    The category 1 cyclone, with wind gusts of up to 100 kilometers per hour, is expected to weaken into a tropical low later Tuesday evening as it crosses Cape York Peninsula, according to the Bureau of Meteorology. Penny crossed the coast near the mining town of Weipa, a community of some 3,500 people where Rio Tinto operates a bauxite mine.

  • Reuters17 days ago

    Rio Tinto, Mongolia sign power deal for Oyu Tolgoi copper mine

    LONDON/ULAANBAATAR (Reuters) - Rio Tinto (RIO.L) (RIO.AX) and Mongolia have signed a deal for the supply of power to the miner's giant copper mine extension at Oyu Tolgoi by mid-2023, with both sides saying the framework agreement marked a step forward after a protracted dispute. The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore, but it has faced a series of challenges as Mongolia's fragile government wrangles over how to maximise benefits for the country. The government of Mongolia owns 34 percent of Oyu Tolgoi with the remainder held by Turquoise Hill Resources (TRQ.TO), which in turn is 51 percent owned by Rio Tinto.

  • Why Analysts Expect Higher Earnings for Vale Going Forward
    Market Realist17 days ago

    Why Analysts Expect Higher Earnings for Vale Going Forward

    As of December 21, Vale (VALE) had returned 5.5% year-to-date. While the stock’s gains haven’t been much in absolute terms, it has outperformed most of its close peers. In the same period, Rio Tinto (RIO) has returned -9.8%, BHP (BHP) has returned 2.4%, and Freeport McMoran (FCX) and Glencore (GLNCY) have fallen 47.2% and 32.8%, respectively.

  • Why Are Analysts Turning Around on Vale?
    Market Realist20 days ago

    Why Are Analysts Turning Around on Vale?

    Among the three major seaborne iron ore miners we’re discussing in this series, Vale (VALE) stock has the highest percentage of “buy” ratings from 78% of the analysts covering it. At the end of April, 56.0% of analysts had “buy” ratings on the stock. Approximately 18.0% of analysts have given it “holds,” and 4.0% have given it “sells.” Vale’s target price suggests a potential 32% upside based on its current market price.

  • Factors Driving Rio Tinto’s Earnings Estimates in 2019 and Beyond
    Market Realist20 days ago

    Factors Driving Rio Tinto’s Earnings Estimates in 2019 and Beyond

    Rio Tinto (RIO) (TRQ) stock has returned -9.8% YTD (year-to-date) as of December 21. Similar to BHP Billiton (BHP) stock, it fell 2.6% in the first quarter, but as commodity prices firmed up, miners’ stocks picked up in April. Rio Tinto’s stock price has lagged those of its peers, including BHP Billiton and Vale, primarily due to its lack of catalysts. In 2018, analysts expect Rio Tinto’s revenue to show flat growth over 2017, coming in at $40 billion.

  • Analysts’ Latest Upgrades and Downgrades for Rio Tinto
    Market Realist20 days ago

    Analysts’ Latest Upgrades and Downgrades for Rio Tinto

    Of the 16 analysts covering Rio Tinto (RIO) stock, 62.0% have given it “buys,” 25.0% have given it “holds,” and 13.0% have given it “sells.” Its ratings have remained more or less the same for the last few months. Of the analysts covering BHP Billiton (BHP) and Vale (VALE) stocks, 39.0% and 78.0% have given them “buys,” respectively. Cleveland-Cliffs (CLF), which is mainly exposed to the US domestic market, has “buy” recommendations from 64.0% of the analysts covering its stock. Analysts generally expect its premium to come down compared to those of its peers due to the lack of any significant catalysts.

  • Should Alcoa Be on Your Shopping List for 2019?
    Market Realist20 days ago

    Should Alcoa Be on Your Shopping List for 2019?

    As we noted previously in this series, Alcoa (AA) and other aluminum producers—including Century Aluminum (CENX)—are having a terrible year as aluminum prices have plunged. With the recent fall in aluminum prices, several Chinese smelters are losing money.

  • Reuters23 days ago

    Rio Tinto plans to list Canadian iron ore unit in early 2019 - sources

    The company has hired investment banks Royal Bank of Canada, Credit Suisse and JPMorgan Chase to lead the IPO, according to sources who spoke on condition of anonymity as the information is not public. Rio Tinto, the world's second-biggest listed miner, is targeting a valuation of about $4 billion, they said. While Rio did not see much traction with a sale process, it has not ruled that out, the people said.

  • Reuters24 days ago

    Rio Tinto plans to list Canadian iron ore unit in early 2019 -sources

    Anglo-Australian miner Rio Tinto is preparing to take its Iron Ore Company of Canada business public in the first half of 2019 by dual-listing it in New York and Toronto, people familiar with the situation told Reuters. The company has hired investment banks Royal Bank of Canada , Credit Suisse and JPMorgan Chase to lead the IPO, according to sources who spoke on condition of anonymity as the information is not public. Rio Tinto, the world's second-biggest listed miner, is targeting a valuation of about $4 billion, they said.

  • Reuters24 days ago

    BRIEF-Minmentals Development's Unit To Sign Iron Ore Procurement Agreement With Rio Tinto Commercial

    Dec 24 (Reuters) - Minmentals Development Co Ltd : * SAYS UNIT TO SIGN IRON ORE PROCUREMENT AGREEMENT WORTH 999.6 MILLION YUAN ($144.97 million) WITH RIO TINTO'S UNIT RIO TINTO COMMERCIAL Source text in ...

  • Miners Are Budgeting for a Recovery in Copper
    Bloomberg27 days ago

    Miners Are Budgeting for a Recovery in Copper

    Ask mining companies which of their mineral assets will see good long-term demand and they’ll naturally answer, “All of them.” But a look at spending can give the lie to that rosy outlook — and highlight the times when they’re putting their money where their bullish mouths are. More than a third of capital spending by big diversified miners is being dedicated to the metal at the moment, up from levels of 20 percent or less earlier in the decade.

  • Freeport-McMoRan: Is the Worst Over?
    Market Realist28 days ago

    Freeport-McMoRan: Is the Worst Over?

    As we discussed in this series, falling copper prices have taken a toll on Freeport-McMoRan (FCX). Other miners including Southern Copper (SCCO), First Quantum Minerals (FM), and Rio Tinto (RIO) are also having a somber year. Falling copper prices aren’t the only concern for Freeport-McMoRan investors. The company is staring at a sharp fall in earnings in 2019 as the Grasberg mine transitions from overground to underground operations. Freeport-McMoRan still needs to sort out the environmental claims made by the Indonesian government.

  • Mining Stocks Look Dead unless China Stabilizes
    Market Realist28 days ago

    Mining Stocks Look Dead unless China Stabilizes

    Is Freeport-McMoRan Worth a Look Now? As we noted in the previous part, mining companies including Freeport-McMoRan (FCX), Vale (VALE), and Southern Copper (SCCO) are having a somber year. While there have been growth concerns across the globe, China’s slowdown has been the biggest challenge for metals and mining companies.

  • Is Freeport-McMoRan Worth a Look Now?
    Market Realist28 days ago

    Is Freeport-McMoRan Worth a Look Now?

    Freeport-McMoRan (FCX), the leading US-based copper miner, has been struggling in 2018. The stock has fallen 44% year-to-date based on its closing prices on December 18. Other copper miners have followed copper lower. Diversified miners including BHP Billiton (BHP), Rio Tinto (RIO), and Vale (VALE) have also come under pressure. There have been more concerns about the Chinese economy.

  • Should You Buy Rio Tinto plc (RIO)?
    Insider Monkeylast month

    Should You Buy Rio Tinto plc (RIO)?

    It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren’t usually symmetrically distributed and index […]

  • Simply Wall St.last month

    Does Rio Tinto plc’s (LON:RIO) P/E Ratio Signal A Buying Opportunity?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at Rio Tinto plc's (LON:RIO) P/E ratio and reflect Read More...