|Bid||3,600.00 x 30000|
|Ask||3,650.00 x 26800|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||10.59|
|Earnings date||7 Feb. 2018|
|Forward dividend & yield||2.33 (4.80%)|
|1y target est||51.53|
The metals and mining sector could be increasingly fertile ground for dividend growth. While the industry struggled mightily in 2015 as the commodity boom came crashing down, the stocks have partially rebounded since then, reflecting a new surge in prices of industrial metals such as aluminum, copper, and zinc. Analysts at Sanford C. Bernstein noted in a report published Wednesday: “Now, with commodity fundamentals improving, and if companies maintain their mantra of capital discipline, then clearly that leaves plenty of free cash flow available to return to shareholders, likely in the form of dividends.” Bernstein analysts see (at spot prices) an average dividend yield of 11% in 2020 for the metals and mining companies they follow.
If press reports are true, minerals producer Rio Tinto (RIO) could spend billions on a stake in a Chilean lithium producer. Rio doesn't have any lithium, a hot commodity used in batteries for electric vehicles, and Rio could buy roughly a third of Chilean lithium producer SQM that PotashCorp must sell to meet requirements of its merger with agriculture product giant Agrium (AGU). Buying such an asset illustrates seduction by the lithium frenzy, given that SQM's valuation has been "significantly buoyed by recent lithium price increases, volume growth expectations and a general market fervor regarding lithium," they write.
European stocks struggled for a seventh straight session Wednesday, with strength in the euro and a drop in commodity stocks drawing the regional benchmark to around a two-month low.
The news that Mick Davis, the former head of Xstrata, is in the running for one of the biggest jobs in mining as chairman of Rio Tinto has set tongues wagging in the close-knit natural resources industry. ...
More than 250,000 people work for the big four UK-listed miners. The cadre of executives who tell them what to do is "the smallest club in the world", according to one insider. Even so, the news ...
Mick Davis, the former head of Xstrata, has emerged as a frontrunner to become the next chairman of Anglo-Australian miner Rio Tinto. The South African-born businessman has held talks with Rio over the ...
Copper markets will closely follow the developments at Grasberg in the coming weeks. The developments could impact global copper markets.
Of all the chief executives at a FTSE 100 company, the one I am coming to know best is Jean-Sébastien Jacques, the 46-year-old Frenchman appointed to run the Rio Tinto mining group last year. Mr Jacques ...
Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality.
SAN FRANCISCO, Nov. 08, 2017-- Hagens Berman Sobol Shapiro LLP reminds purchasers of Rio Tinto PLC U.S. traded securities that the firm’ filed a securities class action against Rio Tinto and certain former ...
NEW YORK, Nov. 08, 2017-- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Rio Tinto PLC who purchased shares between October 23, 2012 and February ...
Vale SA’s (VALE) iron ore quarterly production for 3Q17 has set another record. VALE produced 95.1 million tons of iron ore, 3.3% higher year-over-year.
The cash cost of goods sold for Cleveland-Cliffs’ APIO division was $40.50 per ton in 3Q17, or 20% higher year-over-year and 11% higher sequentially.
The Australian corporate watchdog has been asked why it was slow to prosecute global mining giant Rio Tinto over a coal mining project in Mozambique. Already, Britain has fined Rio Tinto STG27 million ($A47 million) for failing to write-down the failed investment and the US has launched legal action for fraud. Greens senator Peter Whish-Wilson was questioning the Australian Securities and Investments Commission head at a hearing in Canberra about why it wasn't first, given Rio Tinto was company with dual listings in London and Australia.
Rio Tinto Group will cover the legal costs of its former chief executive and chief financial officers after U.S. authorities charged them with fraud, according to people familiar with the situation.
RBC Capital Markets has downgraded Rio Tinto (RIO.AU) to sector perform (from outperform) as it says the strong balance sheet and high quality growth projects are already factored into the mining giant's ...