|Bid||5,647.00 x 0|
|Ask||5,649.00 x 0|
|Day's Range||5,617.00 - 5,732.00|
|52 Week Range||3,519.00 - 6,561.00|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||9.41|
|Forward Dividend & Yield||3.41 (6.02%)|
|Ex-Dividend Date||Mar 04, 2021|
|1y Target Est||N/A|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Rio Tinto Ltd said on Friday it has reached a binding agreement with Turquoise Hill Resources Ltd over funding for expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia. Rio and Turquoise Hill will restructure debt payments of up to $1.4 billion with lenders and look to raise up to $500 million in supplemental debt under existing financing arrangements. "It's just been such a troublesome asset, at least this takes away one of the issues - you have still got the issues with the government and the technical issues," said Andy Forster, portfolio manager at Argo Investments in Sydney.
High-profile Rio Tinto shareholders have voted against the miner’s remuneration report, which handed former chief executive Jean-Sébastien Jacques a pay rise despite the destruction of a sacred Aboriginal site on his watch. The move by Norway’s $1.3tn oil fund and the UK’s Local Authority Pension Fund Forum, which manages about £300bn in assets, came at Rio’s annual shareholder meeting in London on Friday. Jacques was forced to stand down in September following an outcry over the blasting of the 46,000-year-old Juukan Gorge site in May 2020.