RIO - Rio Tinto plc

NYSE - NYSE Delayed Price. Currency in USD
-1.20 (-2.39%)
At close: 4:02PM EST
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Previous Close50.18
Bid0.00 x 900
Ask0.00 x 4000
Day's Range48.52 - 49.32
52 Week Range45.62 - 60.72
Avg. Volume2,650,283
Market Cap80.882B
Beta (3Y Monthly)0.85
PE Ratio (TTM)8.82
EPS (TTM)5.55
Earnings DateN/A
Forward Dividend & Yield2.54 (5.01%)
Ex-Dividend Date2018-08-09
1y Target Est61.90
Trade prices are not sourced from all markets
  • Bloomberg8 hours ago

    Miners' Spending on Hunt for Copper, EV Metals Hits $10 Billion

    Key InsightsThe value of exploration for cobalt and lithium, used in rechargeable batteries for EVs, jumped 82 percent in 2018, though spending remains a fraction of the amount deployed on gold or base metals.The number of companies and entities working on projects in 2018 rebounded to about 1,651 -- the first rise in active exploration companies in six years. Equity market funding for explorers also remains constrained.Higher metals prices and improved margins since 2016 have spurred producers to expand exploration work, according to Mark Ferguson, S&P Global’s associate director of metals and mining research. Industry observers are poring over satellite images for clues about a Rio Tinto Group project to find copper in a remote patch of Western Australia.

  • Is Rio Tinto (RIO) A Hidden Gem or a Chunk of Coal?
    Insider Monkey19 hours ago

    Is Rio Tinto (RIO) A Hidden Gem or a Chunk of Coal?

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]

  • Why Iron Ore Stocks Could Struggle to Hold Ground
    Market Realist2 days ago

    Why Iron Ore Stocks Could Struggle to Hold Ground

    As we saw in the previous part of this series, iron ore prices have stood their ground despite growing headwinds for China (FXI). As we discussed in the previous part, one of the factors driving iron ore’s resilience is the stocking up by mills ahead of winter production curbs. As restocking completes and winter cuts kick in, the demand for iron ore from China could take a hit.

  • What’s Driving Iron Ore Prices despite Weakness Everywhere Else?
    Market Realist3 days ago

    What’s Driving Iron Ore Prices despite Weakness Everywhere Else?

    Chinese authorities imposed curbs on steel production last year ahead of winter months to reduce pollution. Steel mills are therefore in restocking mode to advance steel production before the curbs kick in. China’s iron ore import data for September also underscored this fact.

  • CNBC3 days ago

    Europe markets turn lower on tech sell-off; oil prices rise

    Oil stocks were among the top performers on Monday, driven by a spike in crude. Mining stocks also enjoyed investor attention, helping to boost the FTSE 100. British American Tobacco sold off on news that the US regulator could ban menthol cigarettes.

  • Financial Times3 days ago

    [$$] Asia stocks flat, pound falls on Brexit worries

    Asia-Pacific stocks struggled for direction on Monday while the pound dipped on the latest Brexit concerns. Japan’s Topix was flat as the technology sector mirrored falls on Wall Street on Friday. Technology ...

  • Financial Times6 days ago

    [$$] Gupta claims financing for Rio Tinto smelter deal

    Industrialist Sanjeev Gupta said on Friday that he was on course to complete the acquisition of Europe’s largest aluminium smelter by the end of the November after securing finance for the $500m deal. “This agreement underlines the support of the banking community for GFG’s vision for economic and environmental sustainability,” Mr Gupta said in a statement.

  • Reuters6 days ago

    Sanjeev Gupta's Liberty gets financing for Dunkirk aluminium smelter

    Industralist Sanjeev Gupta's Liberty steel company has secured the financing for its acquisition of a Dunkirk aluminum smelter from Rio Tinto. The Liberty company said on Friday that it had entered into a committed financing agreement with a syndicate of major international banks. Liberty added that the financing allowed it complete the takeover of the site, which employs 560 staff, by end-November.

  • Should You Buy Paypal Holdings Inc (PYPL)?
    Insider Monkey9 days ago

    Should You Buy Paypal Holdings Inc (PYPL)?

    Is Paypal Holdings Inc (NASDAQ:PYPL) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more resources than the average investor. The funds have access […]

  • Barrons.com13 days ago

    How Electric Vehicles Should Give a Jolt to Copper Miners

    Electric vehicles use a lot of copper. But supplies are already tight and it takes years to bring more on line. That should help a handful of European mining companies.

  • Moody's14 days ago

    Rio Tinto (Commercial Paper) plc -- Moody's places Rio Tinto group ratings and all subsidiary ratings (A3 sr. unsecured) on review for upgrade

    Moody's Investors Service ("Moody's") placed all ratings (A3 senior unsecured and P-2 short-term) of the Rio Tinto group rated entities (Rio Tinto) on review for upgrade. The review results from the strengthening Rio Tinto's metrics attributable to its debt reduction in recent years under its liability management program, the reduction in costs from the group's focus on productivity and logistics, which helps to mitigate cost creep being seen in input costs.

  • Can Iron Ore Maintain Its Price Momentum amid China’s Slowdown?
    Market Realist15 days ago

    Can Iron Ore Maintain Its Price Momentum amid China’s Slowdown?

    Can Iron Ore Maintain Its Price Momentum amid China's Slowdown? China’s manufacturing growth in October was at its weakest level in over two years. The PMI reading for China was the lowest since July 2016.

  • Glencore Is Going to Get Crazy Rich on Coal Next Year
    Bloomberg15 days ago

    Glencore Is Going to Get Crazy Rich on Coal Next Year

    Despite making a lot of noise about its electric vehicle-focused mines such as nickel, copper and cobalt, Glencore has continued to buy more coal assets, adding rival Rio Tinto’s Australian operations to its portfolio this year. Coal-mining profit will eclipse copper earnings -- which are forecast by analysts to be about $5.5 billion -- for the first time since the trading house sold shares in London in 2011.

  • Reuters17 days ago

    Rio Tinto fails to clinch sale of Guinea iron ore project

    Global miner Rio Tinto's (RIO.AX)(RIO.L) outline deal to sell its stake in the Simandou iron ore project in Guinea has lapsed after years of negotiations failed to produce an agreement with Aluminum Corp of China (Chinalco) . Simandou is one of the world's biggest iron deposits, containing billions of tonnes of high-grade ore under the remote forested hills of Simandou, but development has been complicated by its location far from the West African nation's coast. Rio announced a non-binding deal to sell its stake in October 2016.

  • Reuters17 days ago

    Rio Tinto sees new-style partnerships as the future

    Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday. The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented the copper price, and is struggling to win investor trust. In a copy of a speech to be delivered at a conference in Melbourne on Tuesday, CEO Jean-Sebastien Jacques said pushing the industry forward calls for "a brand new spirit of partnership".

  • Simply Wall St.17 days ago

    Why I Like Rio Tinto plc (LON:RIO)

    Attractive stocks have exceptional fundamentals. In the case of Rio Tinto plc (LON:RIO), there’s is a financially-healthy , dividend-paying company with a a strong history of performance. Below, I’ve touched Read More...

  • Reuters17 days ago

    UK Stocks-Factors to watch on Oct 29

    (Adds futures, company news item) Oct 29 - Britain's FTSE 100 index is seen opening 10 points higher at 6,949 on Monday, according to financial bookmakers, with FTSE 100 futures up 0.87 percent ahead of ...

  • Bloomberg17 days ago

    Rio Says Chinalco Pact for $1 Billion Simandou Stake Has Lapsed

    Rio and its partner, known as Chinalco, will work with Guinea’s government “to explore other options to realize value” from the asset, Rio said Monday in a statement. Development of Simandou, which holds an estimated 2 billion metric tons of iron ore, has been hampered by issues including infrastructure requirements. Rio holds about 45 percent of the project, while Chinalco has about 40 percent and Guinea’s government owns a 15 percent stake, the company said.

  • Alumina Price Volatility Makes Companies Rethink Strategies
    Market Realist20 days ago

    Alumina Price Volatility Makes Companies Rethink Strategies

    Aluminum prices topped the $2,500 per metric ton level in April amid Rusal sanctions. Alumina prices have been more volatile than aluminum prices (XME). The global alumina markets have been rocked by a series of supply disruptions this year, especially at Norsk Hydro’s (NHYDY) Alunorte refinery.

  • Moody's20 days ago

    Indonesia Asahan Aluminium (Persero) (P.T.) -- Moody's assigns first-time Baa2 issuer rating to Inalum

    This is the first time that Moody's has assigned ratings to Inalum. Proceeds from the notes issuance will be used to fund a portion of Inalum's proposed $3.85 billion payment to increase its share ownership of PT Freeport Indonesia (PTFI) to 51.23%, inclusive of the government of Papua's 10% stake, from 9.36%.

  • Yanzhou's Coal Bet in Australia Wins Over Goldman
    Bloomberg20 days ago

    Yanzhou's Coal Bet in Australia Wins Over Goldman

    Shares of the producer have gained more than 9 percent in Hong Kong after an endorsement from Goldman Sachs Group Inc., which highlighted gains in coal prices, especially for the premium coal produced in Australia. The bank revised up its profit estimates for Yanzhou and boosted its rating to buy from neutral on Monday and assigned a target price of HK$12, implying potential for a 33 percent jump from current levels. Yanzhou’s prospects are aided by the widening price gap of Australian coal over lower-grade material after its $2.7 billion purchase of Rio Tinto Group’s coal assets in Hunter Valley last year.

  • Copper weakness hints at economic woes ahead
    MarketWatch20 days ago

    Copper weakness hints at economic woes ahead

    Copper, an industrial metal known as a leading indicator of economic activity, has been pointing investors toward slowing global growth, setting prices on track for their first yearly decline since 2015.