|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's range||59.92 - 60.56|
|52-week range||53.83 - 84.69|
|Beta (5Y monthly)||0.64|
|PE ratio (TTM)||5.57|
|Forward dividend & yield||6.84 (11.46%)|
|Ex-dividend date||11 Aug 2022|
|1y target est||75.64|
Good performance from mining stocks drove the FTSE up.
(Bloomberg) -- Rio Tinto Group’s $2.7 billion offer to buy out Turquoise Hill Resources Ltd. has been rejected, blocking its efforts to gain greater control of a giant copper mine it’s developing in Mongolia.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedDOJ Opposes Release of Affidavit in Trump Search, Citing Prob
Rio Tinto’s plan to take direct ownership of a giant copper mine in Mongolia has suffered a set back after its $2.7bn buyout proposal was rejected. Turquoise Hill Resources said a special committee had “terminated” its review of Rio’s C$34 ($26) per share cash offer, saying it did not “fully and fairly reflect” the value of its holding in Oyu Tolgoi. “A transaction at the price proposed by Rio Tinto would not fairly compensate minority shareholders for the fundamental, long-term value of the company’s interest in Oyu Tolgoi,” said Maryse Saint-Laurent, chair of the special committee.