ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

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

Showing 57026 to 57044 of 64150 messages
Chat Pages: Latest  2290  2289  2288  2287  2286  2285  2284  2283  2282  2281  2280  2279  Older
DateSubjectAuthorDiscuss
20/6/2019
14:13
Just in case they run out:-
podgyted
20/6/2019
08:05
Rio Tinto PLC RIO Deutsche Bank Hold 4,700.00 - Reiterates
la forge
20/6/2019
07:02
Real-time Quote. Real-time CHI-X - 06/20 03:02:15 am
4716.00 GBp +1.44%

the grumpy old men
20/6/2019
06:47
"1) lower realised prices.."
If talking about Iron Ore prices I fail to see that logic. Prices in Dalian hit $118/mT yesterday and are about $105 on CME.
If I were a RIO strategist now (or few months back) would be the time I would be looking at producing lower grade ore.
AIMV

sogoesit
20/6/2019
06:40
RBC Capital Markets Underperform 3,900.00 - Reiterates


Thats a bit much

the grumpy old men
19/6/2019
16:50
Are You Looking for a Top Momentum Pick? Why Rio Tinto (RIO) is a Great Choice
[Zacks]
Zacks Equity Research
ZacksJune 19, 2019
Are You Looking for a Top Momentum Pick? Why Rio Tinto (RIO) is a Great Choice
Does Rio Tinto (RIO) have what it takes to be a top stock pick for momentum investors? Let's find out.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Rio Tinto (RIO), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Rio Tinto currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?

In order to see if RIO is a promising momentum pick, let's examine some Momentum Style elements to see if this miner holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For RIO, shares are up 4.58% over the past week while the Zacks Mining - Miscellaneous industry is up 0.13% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 4.05% compares favorably with the industry's 0.5% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Rio Tinto have risen 7.6%, and are up 13.16% in the last year. On the other hand, the S&P 500 has only moved 3.49% and 7.26%, respectively.

Investors should also pay attention to RIO's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. RIO is currently averaging 2,262,768 shares for the last 20 days.

Earnings Outlook

The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with RIO.

Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost RIO's consensus estimate, increasing from $6.73 to $7.01 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom Line

Given these factors, it shouldn't be surprising that RIO is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Rio Tinto on your short list.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Rio Tinto PLC (RIO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

the grumpy old men
19/6/2019
16:44
"RBC Capital Markets analyst Tyler Broda said: "This will cause two negatives to consensus expectations for the division - 1) lower realised prices and 2) higher unit cost expectations (which will be disclosed at the Q2 update on 16 July).

"We had already expected costs to increase half on half from the implications of lower fixed cost dilution and cost impacts from the cyclones to $14.30/t but it is not clear how much of this impact is expected to be felt in Q2 versus the balance of the year."

Rio had already downgraded its Pilbara production guidance back in April, from between 338m and 350m tonnes. This was due to a slower ramp-up and ongoing disruption to shipments caused by weather and other factors."

poikka
19/6/2019
16:42
"RBC Capital Markets analyst Tyler Broda said: "This will cause two negatives to consensus expectations for the division - 1) lower realised prices and 2) higher unit cost expectations (which will be disclosed at the Q2 update on 16 July).

"We had already expected costs to increase half on half from the implications of lower fixed cost dilution and cost impacts from the cyclones to $14.30/t but it is not clear how much of this impact is expected to be felt in Q2 versus the balance of the year."

Rio had already downgraded its Pilbara production guidance back in April, from between 338m and 350m tonnes. This was due to a slower ramp-up and ongoing disruption to shipments caused by weather and other factors."

poikka
19/6/2019
16:27
Ok, thanks. Not invested here, sadly. Boat missed three years ago...

Salty

saltaire111
19/6/2019
16:14
Rio Tinto once again cuts guidance for 2019 iron ore shipments from the Pilbara region of Australia
13:31 19 Jun 2019
The blue-chip firm said its iron ore business is currently experiencing mine operational challenges, particularly in the Greater Brockman hub in the Pilbara
Shipments
It revised guidance for 2019 shipments from Pilbara down to between 320mln and 330mln tonnes, from between 333mln and 343mln tonnes

Rio Tinto PLC (LON:RIO) saw its shares drop on Wednesday after the FTSE 100-listed global miner further reduced its guidance for iron ore shipments from the Pilbara region of Australia in the current year.

In a statement, the blue-chip firm said its iron ore business is currently experiencing mine operational challenges, particularly in the Greater Brockman hub in the Pilbara.
READ: Rio Tinto cuts 2019 production estimates after posting 14% drop in quarterly iron ore shipments

The company added: “This is resulting in a higher proportion of certain lower grade products, partly to protect the quality of our flagship Pilbara Blend.”

Rio Tinto said around 1.5mln tonnes of these products were sold in the first quarter, as noted in the 2019 Quarterly Operations Review published on 16 April, and additional sales of these products will be made during 2019.

However, the group added, in light of these challenges, there has also been a review of mine plans, resulting in guidance of Pilbara shipments for 2019 being revised down to between 320mln and 330mln tonnes, down from previous guidance of between 333mln 343mln tonnes.

The company said, given the change in volume guidance, unit costs will be updated in its second quarter Operations Review, due on 16 July.

Back in April, Rio Tinto cut its 2019 production estimates after reporting a 14% drop in quarterly iron ore shipments amid disruption caused by a tropical cyclone that hit its export terminal in Western Australia in March.

The Anglo-Australian miner then reduced its annual iron ore shipments estimate to a range of 333mln to 343mln, down from a previously reduced range of 338mln to 350mln tonnes.

In afternoon trading on Wednesday, shares in the FTSE 100-listed firm shed 4.1% at 4,675.50p.

sarkasm
19/6/2019
16:07
This caused the drop today:
harris tweed
19/6/2019
15:58
Iron Ore 106.20 USD 0.41(0.39%)
Gold COMEX 1,348.50 -0.16%
Silver COMEX 14.97 -0.15%
Platinum NYMEX 805.30 +0.41%
Copper COMEX 2.69 -0.65%
Brent Crude Oil NYMEX 61.97 -0.27%
Gasoline NYMEX 1.71 +0.37%
Natural Gas NYMEX 2.31 -0.17%
(WTI) 53.57 USD -1.18%


Rio Tinto
4,649 -4.68%


Anglo American
2,121.5 -2.01%


Glencore
275.45 -0.92%

(BHP) 1928.2 GBp -1.88%

waldron
19/6/2019
15:39
Rio Tinto PLC (RIO.LN) said Wednesday that its iron ore business is currently experiencing operational challenges and it has cut its 2019 guidance for shipments from the Pilbara operation as a result.

The Anglo-Australian miner, the world's top exporter of iron ore alongside Vale SA (VALE), said it was experiencing challenges particularly in the Greater Brockham hub of its Pilbara operations.

The challenges are resulting in a higher proportion of certain lower grade products, Rio Tinto said, a move that will partly protect the quality of its flagship Pilbara Blend.

In light of the challenges, Rio Tinto said it has reviewed its mine plans and cut its 2019 guidance for shipments from Pilbara to between 320 million to 330 million metric tons.

Previous guidance saw Pilbara shipments for the year in a range of 333 million to 342 million tons.

Rio Tinto said that, given the change in volume guidance, unit costs will be updated in the second-quarter operations review.



Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin



(END) Dow Jones Newswires

June 19, 2019 08:11 ET (12:11 GMT)

sarkasm
19/6/2019
14:52
Did it go ex d today?
saltaire111
19/6/2019
13:18
Yes probably is a better explanation, as based on the notification how do they calculate the drop impact to SP?Simplistically the guidance tonnage drop was about 4%...approx the share price fall ! however this tonnage is just from one mine not the whole organisation
andyadvfn1
19/6/2019
12:41
Also as a non chartist , I see there was a gap down to 4610 or so that looks like it might have been filled
ian davenport
19/6/2019
12:39
Andy - been quite a good run of late , so might be someone has jumped on it as an excuse for profit taking
ian davenport
19/6/2019
12:22
Is the sharp price drop in response to iron ore guidance notification too much / overdone?
andyadvfn1
19/6/2019
12:03
Buying opportunity?
foxy22
Chat Pages: Latest  2290  2289  2288  2287  2286  2285  2284  2283  2282  2281  2280  2279  Older

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com