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RIO Rio Tinto Plc

4,886.00
24.00 (0.49%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto Plc LSE:RIO London Ordinary Share GB0007188757 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  24.00 0.49% 4,886.00 4,884.50 4,886.00 4,932.00 4,873.00 4,876.00 3,423,040 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 54.86B 10.06B 6.1815 7.90 79.49B
Rio Tinto Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker RIO. The last closing price for Rio Tinto was 4,862p. Over the last year, Rio Tinto shares have traded in a share price range of 4,509.50p to 5,910.00p.

Rio Tinto currently has 1,627,108,312 shares in issue. The market capitalisation of Rio Tinto is £79.49 billion. Rio Tinto has a price to earnings ratio (PE ratio) of 7.90.

Rio Tinto Share Discussion Threads

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DateSubjectAuthorDiscuss
14/6/2019
18:03
Become an FT subscriber to read:

Rio Tinto reveals government contracts

grupo guitarlumber
14/6/2019
18:00
5600, come to Daddy! Bring it on shorters! You are getting taken to the cleaners!
turvart
14/6/2019
16:14
Iron Ore104.33 USD -1.96(-1.88%)
Gold COMEX 1,353.20 +0.71%
Silver COMEX 14.90 +0.05%
Platinum NYMEX 806.30 -0.38%
Copper COMEX 2.64 -0.64%
Brent Crude Oil NYMEX 62.19 +1.44%
Gasoline NYMEX 1.72 +1.26%
Natural Gas NYMEX 2.38 +2.54%
(WTI) 52.7 USD +1.23%

Rio Tinto
4,770 -0.75%

Anglo American
2,110.5 -0.05%

Glencore
272.05 -0.35%

(BHP) 1910.9 GBp -0.94%

waldron
14/6/2019
10:13
spook would have come to the aid of the party too

but scottie would be funny

waldron
14/6/2019
09:38
IF I DABBLE, ITS IN GOLD COINS
sarkasm
14/6/2019
09:27
I canna hold her captain, we're losing warp drive:-

"China's industrial output growth has slowed to a more than 17-year low.

Data just published for May showed growth of of 5% - below the 5.5% that had been forecast by some economists.

Industrial output had risen 5.4% in April. The slowdown in May was the latest sign of weakening demand in the world's second-largest economy as the US ramps up trade pressure."

Today I will mainly be looking at gold.

podgyted
14/6/2019
06:25
CHEERS TED
the grumpy old men
14/6/2019
05:56
Why the Rio Tinto share price is outperforming with the sector today

Brendon Lau | June 14, 2019 | More on: BHP FMG RIO
Race

Many of the big ASX miners are outperforming the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index this morning after the price of iron ore hit a five-year high.

The Platts Iron Ore Index, or IODEX, jumped to $US110.20 a tonne and has gained more than 50% since January, according to the Australian Financial Review.

This pushed the Rio Tinto Limited (ASX: RIO) share price up nearly 2% to $103.82 this morning, while the BHP Group Ltd (ASX: BHP) share price added 1.1% to $40 and the Fortescue Metals Group Limited (ASX: FMG) share price surged 4.6% to $8.73.
Iron ore in a seller’s market

Worries about the supply of mainstream iron ore fines are reported to be behind the latest price surge and traders are expecting tight supply in July and August. It’s a seller’s market – at least in the short-term with some analysts predicting the price of the commodity could jump to US$120 a tonne by August.

The strength of the steel making ingredient is defying the gloom cast over the Chinese economy from the ongoing trade spat between the US and China.

This is largely based on two factors. The Chinese government may step up infrastructure construction to offset the slowing economy and that means greater demand for steel.

The other factor is that profit margins for Chinese steel mills are still reasonably healthy. These mills will keep buying iron ore to produce steel as long as they can make a buck!
Risk of a price correction in the second half

But not everyone is a bull. Some analysts, including those from Citigroup, point out that profit margins of these mills are under pressure and have become razor thin in recent times and that the supply of residential property is outstripping demand, which leads to a real risk that steel production could fall in the second half of this calendar year.

This isn’t a given so it’s probably a little premature to be selling off all your holdings in iron ore stocks. The high price of the commodity also gives me some comfort as it provides room for a fall without necessarily triggering a consensus profit downgrade cycle for these stocks.
Foolish takeaway

Many analysts have assumed an iron ore price that’s materially under US$100 a tonne, so even if the ore price were to fall 20% from its expected peak, that shouldn’t impact much, if at all, on share valuations.

On the flipside, if iron ore prices stay higher for longer (and it seems to have a bit of a history of remaining stubbornly high) or if it only dips modestly, shares in our major iron ore producers can enjoy a consensus profit upgrade instead.

But iron ore stocks aren’t the only group with a promising outlook. The experts at the Motley Fool have uncovered some gems that are well placed to outperform in 2019.

the grumpy old men
13/6/2019
16:05
Iron Ore 106.29 USD 3.30(3.10%)
Gold COMEX 1,342.80 +0.45%
Silver COMEX 14.87 +0.79%
Platinum NYMEX 809.60 -0.11%
Copper COMEX 2.66 +0.13%
Brent Crude Oil NYMEX 61.51 +2.57%
Gasoline NYMEX 1.69 +1.71%
Natural Gas NYMEX 2.34 -1.60%
(WTI) 52.58 USD +2.68%

Rio Tinto
4,806 +1.98%


Anglo American
2,111.5 +1.93%


Glencore
273 +1.28%

(BHP) 1931.3 GBp +1.19%

waldron
13/6/2019
16:05
chuckle

your wish came true ted

waldron
13/6/2019
14:54
Go on, £48 - you know you want to!
podgyted
13/6/2019
13:34
Rio Tinto discloses further information on its worldwide tailings facilities
Category
General
Date
12-Jun-2019
Source
AlCircle
Edited By
Beethika Biswas


Rio Tinto has disclosed additional information in relation to its global tailings facilities in its website in line with its commitment to disclose information about its practices.

Rio Tinto, in its website, defines tailings as “residues created as part of mining, refining, smelting and water treatment processes. These processes are never 100 per cent efficient, nor is it possible to reclaim all reusable and expended processing chemicals. Tailings are discharged – normally as slurry – to a storage facility, where water is subsequently recovered and recycled back into the operation.”

It covers red mud or bauxite residues, spent potlining (SPS), anode butts and other process residues under Rio Tinto’s aluminium operations.

Queensland Alumina Limited (QAL) Red Mud Dam

The latest information disclosure follows the detailed information provided on the company's global tailings facilities in February 2019. Rio Tinto has now released information about the construction, management and monitoring of facilities, including independent reviews.

All Rio Tinto managed facilities are subject to three levels of governance and assurance:

First level of assurance takes place at the asset itself during the facility design stage and operational stage. Independent reviews of the operations are conducted at least every two years.
Second level is assurance to the Rio Tinto Standard through periodic Business Conformance Audits and Technical Reviews
Third level of assurance is independent of site management and normally conducted by third parties

All Rio Tinto managed facilities have an external engineer of record or design engineer. Some of the previously disclosed information has been updated according to the guidance from the International Council on Mining & Metals (ICMM). All facilities have been given a hazard classification in accordance with the regulatory or industry body that oversees tailing facilities.

Rio Tinto has active tailings storage facilities at 26 sites worldwide. The company also has a further five non-managed operational sites and 12 closed and legacy sites.

ariane
12/6/2019
17:07
Iron Ore 102.99USD 0.23(0.22%)
Gold COMEX 1,337.10 +0.44%
Silver COMEX 14.77 +0.17%
Platinum NYMEX 813.20 -0.14%
Copper COMEX 2.66 -0.62%
Brent Crude Oil NYMEX 61.04 -2.01%
Gasoline NYMEX 1.68 -2.44%
Natural Gas NYMEX 2.37 -0.92%
(WTI) 51.86 USD -1.63%


Rio Tinto
4,712.5 +0.34%

Anglo American
2,071.5 +0.63%

Glencore
269.55 -0.50%

(BHP) 1907.8 GBp +0.72%

waldron
12/6/2019
05:36
enjoy yer day ted
waldron
11/6/2019
21:57
THE ABOVE US$ 70 very optimistic, which might equal a gbp target of 5823p

Mean consensus HOLD
Number of Analysts 27
Average target price 58,6 $
Last Close Price 57,5 $
Spread / Highest target 24%
Spread / Average Target 1,8%
Spread / Lowest Target -37%

sarkasm
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