|Bid||83.10 x 0|
|Ask||83.30 x 0|
|Day's range||82.82 - 83.69|
|52-week range||58.37 - 87.09|
|PE ratio (TTM)||17.07|
|Earnings date||1 Aug. 2018|
|Forward dividend & yield||5.23 (6.22%)|
|1y target est||67.04|
The share prices of the big miners are under pressure today but Rio Tinto Limited (ASX:RIO) could be particularly vulnerable as Credit Suisse warns that the recent sharp rise in aluminium prices is about to be undone.
Shares have cemented their lead over property as the outlook for both asset classes widens further following the release of the latest home-lending data today.
This year could be the best one yet for lithium as the price of the battery making commodity has more than doubled over the past 12 months and Fortescue Metals Group Limited (ASX: FMG) might be looking to hitch a ride on this boom.
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.
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.
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...
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...
Rio Tinto Limited (ASX:RIO) is currently trading at a trailing P/E of 12.8x, which is lower than the industry average of 14x. While this makes RIO appear like a greatRead More...
There’s a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out. The game plan isn’t so different to the plot of the recent Matthew McConaughey film “Gold” – a promise of great wealth turning to ruin with the protagonists ending up brawling in the mud surrounded by fraud, violence and shady political involvement. For several years, Freeport-McMoRan Inc.’s tussle with Jakarta over the world’s biggest gold deposit and third-biggest copper reserve at Grasberg in the New Guinea highlands has seemed to be headed in a similarly disastrous direction.
One leading broker has named six reasons why investors should choose BHP Billiton Limited (ASX:BHP) ahead of rival Rio Tinto Limited (ASX:RIO). Should you?
May.22 -- Rio Tinto Group is ready to accept a $3.5 billion deal with Indonesia for its interest in the giant Grasberg copper and gold mine, according to people with knowledge of the discussions. Bloomberg's David Stringer reports on "Bloomberg Daybreak: Asia."