AllAnalyst Report
logoMorningstarJuly 23, 2021

Rio Tinto Group: Miners Remain Somewhat Expensive, but Still Pockets of Value to Be Found

Symbols
RIO
Sector(s)
Basic Materials
Rating
Current Price
$68.40
Fair Value
Economic Moat
Stewardship
Summary

Rio Tinto searches for and extracts a variety of minerals worldwide, with the heaviest concentrations in North America and Australia. Iron ore is the dominant commodity, with significantly lesser contributions from aluminium, copper, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day comp

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Analyst Profile

Mathew Hodge

Director
Mathew Hodge is a director of equity research for Morningstar Australasia Pty Ltd, a wholly owned subsidiary of Morningstar, Inc. He covers the global metals and mining sector and has more than 15 years' experience. In addition, he has sat on Morningstar's global moat committee since 2014.In 2001, Hodge joined Aspect Huntley, which was subsequently acquired by Morningstar and previously worked in the mining industry in both underground coal and metalliferous mining in mining engineering roles.Hodge holds the Chartered Financial Analyst® designation.