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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rio Tinto Plc | RIO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -8.00 | -0.16% | 4,913.50 | 11:46:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4,896.50 | 4,896.50 | 4,935.00 | 4,921.50 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 09/10/2024 12:51 by philanderer Matt Britzman, senior equity analyst at Hargreaves Lansdown said the move was "a classic attempt to buy the dip for Rio, snapping up some high-quality lithium assets when spot prices are around 80% down on their highs"."It’s a good time to shop for counter-cyclical assets, and this deal helps propel Rio’s lithium portfolio to new heights, with it already having exposure through its Rincon and Jadar projects." "The price will be scrutinised, at a touch under 20% of where Arcadium was trading when the company was formed in January, it’s not quite a bargain, and investors in the commodity world tend to take a dim view of M&A at the best of times." "Arcadium is currently free cash flow negative, due to low prices and high investment in new projects, so Rio will have some work to do if it wants to turn this into an accretive buy – and that won’t happen immediately.” Sharecast |
Posted at 16/8/2024 14:32 by lammergeier hxxps://www.msn.com/Rio Tinto Group (NYSE:RIO) engages in exploring, mining, and processing mineral resources worldwide. It is headquartered in the United Kingdom. Investors who have studied AI in great detail understand that there are some long-term AI plays in Europe other than software and chip firms. One of these long-term bets is linked to the rise in demand for copper as large firms commit billions towards the development of AI data centers. Copper, one of the premier mining operations of Rio Tinto, is one such commodity. It is used extensively in AI data centers. Even though leading AI chips are made of silicon, copper has a key role, interconnecting the integrated circuitry within these chips. AI-linked demand has led to a shortage in copper supplies, sending prices above $11,000 a metric ton back in May this year. Rio Tinto Group (NYSE:RIO) is one of the biggest beneficiaries from this AI boom. Half-year earnings released by the firm in July reveal that higher copper production and prices have helped to offset a slightly lower production and prices from the dominant iron ore business. Overall RIO ranks 2nd on our list of the best European AI stocks to buy according to Morgan Stanley. While we acknowledge the potential of RIO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RIO but that trades at less than 5 times its earnings, check out our report about the |
Posted at 31/7/2024 23:05 by philanderer Rio Tinto has rejected calls from an investor to ditch its UK listing and concentrate on Australia – in a boost for the London Stock Exchange.The mining giant has a primary listing in London and also trades shares on the Sydney market. But activist investor Palliser Capital had urged the group to unify the corporate structure in Australia and ditch the London listing. Palliser also argued that the miner’s dual structure is a barrier to making acquisitions and had resulted in Rio Tinto shares trading at a £24billion discount to those listed in Australia. But chief executive Jakob Stausholm told the Wall Street Journal yesterday: ‘It’s very clear that it does not make economic sense to unify Rio Tinto. Our conclusion is that it would destroy value.’ Daily Mail |
Posted at 22/5/2024 10:45 by anhar I wonder if anyone has ever plotted the increase/decrease notes from analysts against subsequent price movements in the following months to see if there is any correlation.I reckon its a near certainty there is nothing, or perhaps an inverse relationship ! I'm pretty certain this has been done, think I read such research many years ago in the US, vaguely recall the author was David Dreman but not sure. Where there are several conflicting broker views it means nothing but may be particularly significant when there is a strong consensus of broker opinion, either pos or neg. In that case the more likely outcome is the opposite of their combined view but you can't rely on it alone. However my view after many decades of investing is to ignore them completely and make up my own mind based on fundamentals. I used to take some notice, especially on the opposite effect of a strong consensus, but gave up on broker opinion probably around the same time I switched from trading to being a long term hold income investor. Never looked back. |
Posted at 26/2/2024 17:57 by philanderer Market report.On the decline, shares in miners ended lower on some more sobering news from China, which is a major buyer of minerals. Anglo American gave back 3.3%. Moody’s Investors Service on Friday delivered a fresh blow to the ailing Chinese property market, withdrawing ratings on 10 companies exposed to the sector. The credit ratings agency said it had made the decision for what it called ‘business reasons’. |
Posted at 21/2/2024 11:40 by anhar Divi is in sterling calculated in advance ie: Final 2022 185.35p 2023 203.77p a 10% increase correct me if I am wrongI originally wrote: It's worse in sterling, down 16.1% against a 11.6% decline in their accounting currency of USD. I'm sure you're right but my figures are correct for the annual total, not just the final. Personally as an income investor it's the annual payout comparisons that are more relevant for me than isolated interim or final divis, esp. with miners whose payments fluctuate so much. Also, the annual figures are needed for yield calculation. The actual annual figures are: 2023 US¢ 435 2022 US¢ 492 reduction 11.6% 2023 UKp 341.44 2022 UKp 406.98 reduction 16.1% |
Posted at 21/2/2024 10:20 by anhar ...Even with currency changes I don't think this is an increase in sterling terms.It's worse in sterling, down 16.1% against a 11.6% decline in their accounting currency of USD. As a very long term hold income investor this is disappointing but not unexpected due to falling commodity prices. Holding miners in my income port means accepting fluctuating, rather than progressive, divis but I'm willing to live with that for the diversification. Taken over many years shares like RIO and BHP have delivered attractive income for me, on balance. |
Posted at 08/12/2023 00:41 by philanderer Jefferies reaffirms its 'buy' recommendation and 6,500 pence price target on Rio Tinto, following an investor meeting at which the company emphasized its potential for operational progress and long-term organic growth.Forecast volumes reflect some growth in 2024 in most segments, with copper organic growth expected to be the strongest. Capital expenditure is expected to rise to $10 billion a year over the next three years', it says. |
Posted at 19/8/2023 11:16 by misca2 7% dividend yields! 2 FTSE 100 shares I’m considering buying following the recent mini-crashThese FTSE 100 shares offer spectacular all-round value. Here’s why I’m aiming to snap them up for my portfolio when I next have cash to invest. Royston Wild❯ Published 19 August, 7:31 am BST As a value investor I’m always looking for opportunities to buy beaten-down bargains. So a sudden fall in the value of many FTSE 100 shares in recent days has grabbed my attention. Mounting concerns over China’s economy have driven the FTSE’s fresh decline. But I’m confident that the index will eventually recover, and that individuals who invested at current levels could make a packet. It’s a strategy that billionaire investor Warren Buffett has used to build his incredible wealth. The past isn’t always a reliable guide to what comes next. However, history shows us that economic crises come and go, and that stock markets always bounce back strongly following periods of weakness. With this in mind, here are two FTSE 100 stocks I’m thinking of buying today. I believe they could soar in value over the next decade. 1. Rio Tinto Property firm Evergrande’s claim for US bankruptcy protection shook the share prices of mining stocks again last week. The application has reignited fears over China’s property sector and darkened the outlook for future commodities demand. Rio Tinto (LSE:RIO) is one of many metals producers whose share prices have toppled in the gloom. The company’s reliance on iron ore — a key steelmaking ingredient — to drive profits leaves it especially vulnerable to a construction industry collapse. But at current prices I still find the FTSE share very attractive. Not only does it trade on a forward price-to-earnings (P/E) ratio of 8.6 times, it also carries a mighty 7% dividend yield at a current price of £45.65. At these levels, I think the threat of a sharp slowdown in Chinese commodities demand is baked in. In fact, continued monetary support from Beijing suggests that a painful downturn could be averted altogether. I think Rio Tinto shares are attractive for long-term investors like me. As the green economy takes off, demand for industrial metals could rise strongly over the next decade. Rapid emerging market urbanisation and rising digitalisation could also push commodities consumption skywards, pulling Rio’s share price with it. |
Posted at 15/3/2023 06:17 by florenceorbis Rio Tinto begins production from Oyu Tolgoi underground projectBy NS Energy Staff Writer 14 Mar 2023 The underground project is an expansion of the existing Oyu Tolgoi mine in Mongolia, which has been producing through open pit operations since 2013 Rio Tinto has commenced production from the Oyu Tolgoi underground project in the Gobi Desert in Mongolia, which has involved an investment of over $7bn. A ceremony to mark the milestone was attended by Mongolian Prime Minister Luvsannamsrain Oyun-Erdene and Rio Tinto chief executive Jakob Stausholm. Rio Tinto holds a 66% stake in Oyu Tolgoi, while the remaining 34% is held by Erdenes Oyu Tolgoi, on behalf of the Mongolian government. In January 2022, the parties ended a long-running dispute over the project and reached an agreement to reset their relationship and proceed with the Oyu Tolgoi underground expansion. Rio Tinto said that 30 drawbells have been blasted and copper is currently being drawn from the underground mine. Oyun-Erdene said: “I am proud to celebrate this major milestone with our partner Rio Tinto as we look towards Mongolia becoming one of the world’s key copper producers. The start of underground production at Oyu Tolgoi demonstrates our ability to work together with investors in a sustainable manner and become a trusted partner. “The next phase of the partnership will enable the continued successful delivery of Mongolia’s ‘New Recovery Policy’ and Vision 2050 economic diversification strategy. Mongolia stands ready to work actively and mutually beneficially with global investors and partners.” The Oyu Tolgoi underground project is an expansion of the existing Oyu Tolgoi copper and gold mine, which has been producing through open pit operations since 2013. Through both open pit and underground operations, the Mongolian project is estimated to produce nearly 500,000 tonnes of copper per annum on average from 2028 to 2036. This will be adequate copper to help produce nearly six million electric vehicles annually. The expansion project will result in an average of about 290,000 tonnes over the reserve life of nearly 30 years at the mine. Ore from the underground project is presently being processed from Panel Zero in Hugo North Lift 1. Production is expected to be ramped up over the coming years, said Rio Tinto. Stausholm said: “We are starting underground production 1.3 kilometres beneath the remote Gobi desert from an ore body that will be critical for global copper production and Mongolia’s ongoing economic development. “The copper produced in this truly world class, high technology mine will help deliver the electrification needed for a net zero future and grow Rio Tinto’s copper business.” |
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