Rio Tinto Share Discussion Threads

[yump] 04/12/2022 23:09

Spud

But surely the highly skilled analysts who work out the targets are basing them on extremely complex and informed calculations, so they shouldn’t be so far apart.

Unless they’re just sticking a finger in the air while being paid nicely

Surely not ?!

[podgyted] 04/12/2022 17:10

philanderer

You could add 1/12/22 Berenberg Bank, Sell, 4,000p.

Bizarre!

Spread of 3,000p top to bottom - and sort of logically Rio's share price is more-or-less slap bang in the middle.

[dlewis1] 02/12/2022 15:01

Share price been making higher lows and higher highs I think it wants to break through 56 and if it does we can see 58 by Monday

[spud] 02/12/2022 11:38

So basically 4 of them have don't have a clue except Goldmans, Jefferies and BOA who want to sell & Barclays who want to buy.

£57.30 average.

spud

[philanderer] 02/12/2022 11:03

updated... all over the place ;-)

2nd dec Citigroup neutral tp 5800p
30th nov Jefferies buy tp 6700p
23rd nov Deutsche hold tp 5800p
27th oct BOA buy tp 7000p
19th oct Goldmans buy tp 6200p
18th oct Barclays underweight tp 4300p
18th oct RBC neutral tp 4600p
18th oct JP Morgan neutral tp 5450p

18th oct ++++ Q3 production +++

[philanderer] 02/12/2022 11:02

fwiw

Citigroup cuts Rio Tinto to 'neutral' (buy) - price target 5,800 (6,000) pence

[craftyale] 01/12/2022 07:32

Could be an interesting day. ADRs up, 60 pounds would be nice for Christmas.

[marktime1231] 30/11/2022 12:22

The stride in RIO share price over a month is really impressive, on current trading plus the hope / rumour / expectation that China will sort itself out. Just imagine what would happen if China actually does sort itself out. Is that what £67 and £70 price targets are based on?

I wonder if that solar + battery plant for Pilbara was priced in AUD or USD, makes quite a difference and if it was the latter it sounds rather expensive.

[livewireplus] 30/11/2022 11:29

Indeed... I am happy to drip feeding in to RIO as a monthly investment plan ...

[dlewis1] 30/11/2022 11:26

Totally agree. Been chasing those low value stocks for years trying to make a quick profit. Rio is a tried and tested sound investment and even if the price falls below the buy price there's a greater chance of getting back your investment plus the good old dividend payout.

[livewireplus] 30/11/2022 11:22

Indeed .... if you can please write a paragraph on each of those .... If you can make a significant justification for buying any of them then I shall rush out and buy some hoping not to wet my pants in anticipation & excitement

[vaston] 30/11/2022 11:07

Next multibags

SYME … CLON…. WBI ….MODE

[tuftymatt] 30/11/2022 10:43

Yeah it seems to be gathering more and more support and why not as it's gone up by a tenner in a month roughly!!

I top sliced a few weeks ago at what looked a cracking price ( 5491 ) but we are now north of that despite all the China wobbles recently.

If we dip below 5465 I may buy them back!! Good luck all 👍🏻

[philanderer] 30/11/2022 10:10

Jefferies adds Rio Tinto to 'franchise picks list'

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Jefferies raises Rio Tinto price target to 6,700 (6,600) pence - 'buy'

[spud] 30/11/2022 08:38

Rio Tinto Expects Steady Iron-Ore Shipments in 2023Source: Dow Jones NewsBy Rhiannon Hoyle Rio Tinto PLC said it expects iron-ore shipments from its Australian mines to be steady year over year in 2023, and for aluminum output to rise.The world's largest iron-ore producer on Wednesday said it expects to ship between 320 million metric tons and 335 million metric tons of the steelmaking ingredient next year. It reiterated guidance for exports at the low end of the same range in 2022.In the mid-term, capacity of its Pilbara iron-ore operations will likely be between 345 million tons and 360 million tons, Rio Tinto said.The mining giant estimated 2023 aluminum production at 3.1 million tons to 3.3 million tons, up from an estimated 3.0 million tons to 3.1 million tons in 2022.Refined copper output could be lower, it said. Rio Tinto estimated a range of 180,000-210,000 tons for next year versus an estimated 190,000-220,000 tons this year.spud

[tuftymatt] 30/11/2022 07:23

Wow that's some investment!!
Without getting all political etc it's just what the planet needs though in my opinion.

[waldron] 30/11/2022 07:06

Rio Tinto PLC said it intends to invest $600 million to build two solar farms and battery storage in Australia's Pilbara region, to help lower the emissions from its iron-ore mining operations there.

The world's second-biggest miner by market value said it plans to construct two 100-megawatt solar-power facilities and 200-megawatt-hours of on-grid battery storage in the remote part of northwest Australia by 2026.

The investment is part of the company's efforts to decarbonize its Western Australian iron-ore operations and is in addition to the 34 megawatts of solar power installed at Rio Tinto's new Gudai-Darri iron-ore mine.

"We expect to invest around $3 billion to install renewable energy assets as well as transmission and storage upgrades in the Pilbara as part of our commitment to halve our emissions from the Pilbara by the end of this decade," said the head of the company's iron-ore business, Simon Trott.

Rio Tinto said initial funding for its first standalone 100-megawatt solar photovoltaic system on the Pilbara coast has been approved.

Construction of the roughly 225,000 solar panels, which will be built to withstand the Pilbara's cyclonic conditions, is expected to start next year ahead of commissioning in 2025, said the miner.



Write to Rhiannon Hoyle at [e-mail]



(END) Dow Jones Newswires

November 29, 2022 17:35 ET (22:35 GMT)

[tuftymatt] 29/11/2022 11:11

Great to see 5500 again and IF China does open up then the challenge to 6000 will really get going!!

[eggbaconandbubble] 29/11/2022 11:05

10000 psi would be an open invitation to any oiks wanting to have a bit of a firework party!!!

[craftyale] 29/11/2022 09:44

Ill let you sit in a car with Hydrogen stored at 10000psi. Another pipe dream of eco power.

[saltraider] 29/11/2022 06:25

Ref hydrogen as a motor fuel ...

"The easiest way to decrease the volume of a gas, at constant temperatures, is to increase its pressure.

So, at 700 bar, which is 700 times normal atmospheric pressure, hydrogen has a density of 42 kg/m3, compared with 0.090 kg/m3 under normal pressure and temperature conditions. At this pressure, 5 kg of hydrogen can be stored in a 125-liter tank.

Today, most car manufacturers have opted for the solution that consists in storing hydrogen in the gaseous form, at high pressure. This technology enables us to store enough hydrogen to allow a car that runs on a fuel cell battery to cover between 500 and 600 km between fill-ups."

Source:

[1hughb] 28/11/2022 19:23

Rio Tinto comes up here: Https://youtu.be/LMv0ZJ07oow reckoned to be a good buy

[gaffer73] 28/11/2022 09:25

Take a look at the Hyperion.

[yump] 28/11/2022 09:08

Currently yes - plus we have the commercial interests of our not so philanthropic Musk behind it. Heavy Commercial and trains are heading towards hydrogen a bit - its just running behind electric. Bit risky to bet our future on the security of lithium supplies. Battery Disposal a bit iffy from what I’ve read

[spud] 28/11/2022 08:53

No recharge stations to speak of (3 or so) and expensive to produce. Also, 1 kg of Hydrogen requires a 11 m3 size tank would only cover 60 odd miles and cost more than £11. spud