Rio Tinto Share Discussion Threads

[yump] 13/12/2022 14:09

Definitely. Yet another load of well-paid pen-pushers.

[anhar] 13/12/2022 11:48

Who cares what brokers say? It's just advertising, not serious investment advice. Notice that they rarely give a timsecale in which they expect their target to be reached which renders it useless, as if it wasn't already so.

[the grumpy old men] 13/12/2022 09:15

UBS degrades the stock. Initially neutral, the broker is now advising to sell. The target price is reviewed upwards from GBX 4600 to GBX 5000.

[craftyale] 09/12/2022 09:41

Interesting opening up to 59 then settling down. Keep thinking long term I have to keep telling myself. Nice to see China see sense. Three years of Covid hell before people started demonstrating.......madness.

[tuftymatt] 09/12/2022 07:40

That's great and have a good weekend too 👍🏻

[podgyted] 09/12/2022 07:37

Rio up 2.3% in Oz

Good weekend all.

[podgyted] 08/12/2022 17:57

I find this useful - people here may already use.

Dalian iron ore futures are on a 6 week winning streak,and (within reason) Rio is all about iron ore.




(Red is good, green is bad BTW - bit confusing)

[yump] 08/12/2022 17:17

Thanks / useful link

[yump] 05/12/2022 15:49

6200 would be a nice symmetrical rise from 4500 and hit previous high.

Depends on whether enough people and/or algorithms believe in charts.

That is 2 out of the three "ticks" for such a rise.

[dlewis1] 05/12/2022 10:51

Breakout of the share price. 60 could come this week

[craftyale] 05/12/2022 09:18

I wonder of China will come to terms with its Covid policy and move on. I dont understand it. Come on RIO. 60 by Christmas.

[tuftymatt] 05/12/2022 09:02

Good call the other day dlewis1

[spud] 05/12/2022 08:48

Perish the thought!spud

[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.