Rio Tinto Share Discussion Threads

[philanderer] 24/7/2024 14:37

MELBOURNE - The first hearing date has been set in a class action against miner Rio Tinto RIO.AX for historical environmental and social damage caused by the Bougainville copper mine in Papua New Guinea that it operated in the 1970s and 1980s, lawyers said

[cassini] 23/7/2024 11:10

I'm thinking about it too after getting out around 5420p a while ago.

We usually run into support around about this level, but 4,500p is an outside possibility, looking at what has gone before.

[probablynotphil] 23/7/2024 08:54

HSBC raises Rio Tinto to Buy. Target 5,750p.

I've topped up this morning. At the current price it would be rude not to.

It could have further to fall in the short term, but I gave up trying to time the market long ago.

[tornado12] 21/7/2024 11:13

I think there´s a lot of short term uncertainty (including the US elections) and this share price could certainly come back to 45 quid mark. Waiting & watching .. GLA

[adejuk] 19/7/2024 14:55

so tempting
supports at 480 and then 460
at either it's a screaming buy but i will hold for 460
it's only pennies but that's the micawber principle

[philanderer] 19/7/2024 10:29

stewart, here you go ;-)


Barclays cuts Rio Tinto price target to 6,100 (6,150) pence - 'overweight'

[philanderer] 19/7/2024 09:33

Oh dear.

Looks as though 4800p chart support will be tested.

[84stewart] 18/7/2024 15:47

Who else wants to cut Rio, can't be many left.

[philanderer] 18/7/2024 13:57

Miners not joining in on the market rally today.

[philanderer] 18/7/2024 10:32

Goldman Sachs cuts Rio Tinto price target to 6,900 (7,000) pence - 'buy'

[philanderer] 17/7/2024 10:01

Berenberg cuts Rio Tinto price target to 5,700 (5,800) pence - 'hold'

JPMorgan cuts Rio Tinto price target to 6,500 (6,650) pence - 'overweight'

DZ Bank cuts fair value for Rio Tinto to 5,300 (5,500) pence - 'hold'

[philanderer] 16/7/2024 23:44

Good video round-up...


'The Stock of the Day is Rio Tinto (ASX: RIO)'

[philanderer] 16/7/2024 18:51

Crafty, re the dividend. This from 'ii' today...


The update, which was posted ahead of half-year results due on 31 July, left Rio Tinto shares down 170p to their lowest level since April at 5021p.

The company’s policy is to pay a dividend between 40% and 60% of its earnings through the cycle, with UBS forecasting an award of $3.1 billion or 193 US cents (148.8p) share for a 50% ratio.

The award had been 376 US cents in August 2021, when Rio also included a special dividend of 185 US cents for a total distribution of $9.1 billion equivalent to a 75% payout ratio.

UBS said: “Looking at the last eight reporting periods, Rio typically pays out 50% of earnings at the interim; the final dividend is typically sufficient to get the full-year payout ratio up to 70-80%, although this has ranged from 60% to 160%.”

[craftyale] 16/7/2024 15:59

Todays dip was overdone. Rest of the week will be positive. 5008p was a good buy today. Repeat after me. ;))

[philanderer] 16/7/2024 13:51

4860p next short term support. May hit it today the way it's dropping.

All miners falling today.

[tuftymatt] 16/7/2024 13:47

Yeah it's back on my buy radar too.

Good luck all 👍🏻

[craftyale] 16/7/2024 13:47

FWIW I added today at circa 5008p. I'll have to stop now, I'm probably overweight RIO. Any thoughts on the up and coming div?

[philanderer] 16/7/2024 13:32

Sub 5000p any minute now .

Itching to add a few :-)

[adejuk] 16/7/2024 12:33

this is mad even though it is a good opportunity for income and cap growth.
the metals bounce will happen in the next year.

[philanderer] 16/7/2024 11:39

No bounce as yet.

Rio Tinto left production guidance for 2024 mostly unchanged, though it lowered alumina guidance, due to issues at its Gladstone operations.

[philanderer] 16/7/2024 09:52

Chartwise looking like 4800p will have to be tested.

[philanderer] 16/7/2024 00:43

Rio Tinto’s Q2 iron ore shipments miss after May train derailment

[philanderer] 16/7/2024 00:41

Rio Tinto releases second quarter production results

July 15, 2024 06:31 PM Eastern Daylight Time