Rio Tinto Share Discussion Threads

[woodhawk] 12/1/2023 12:17

These analysts are no better than 4 random punters on any one of these boards! Absolute waste of space.

[eggbaconandbubble] 12/1/2023 11:37

72 would be sweet!

Looking at these price targets it makes one wonder if these brokers notes are worth the paper they're written on.
Huge contrasting range of TP's and they never put a date or time line on their research notes.
That said, many years ago I used to sail with a guy who did all this research etc. and he said 'gut feeling' was an expression often used in the office!!!

[woodhawk] 12/1/2023 10:17

FWIW:

Berenberg raises Rio Tinto to 'buy' (sell) - price target 6,700 (4,000) pence

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RBC raises Rio Tinto price target to 4,700 (4,600) pence - 'sector perform'

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Barclays raises Rio Tinto to 'equal weight' (underweight) - price target 5,800 (4,300) pence

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Credit Suisse raises Rio Tinto price target to 7,200 (5,400) pence - 'outperform'

[craftyale] 12/1/2023 08:17

Well theres 62. My gut tells me it has further to go.

[eggbaconandbubble] 11/1/2023 08:20

Why are all the miners flying up this morning?

No complaints mind!

[craftyale] 11/1/2023 08:13

1yr high soon. The last 3 months has been phenomenal :))

[philanderer] 10/1/2023 12:19

Deutsche Bank raises Rio Tinto price target to 6,200 (5,800) pence - 'hold'

[yump] 09/1/2023 16:41

So will it be 6200 and a pullback or a spike to 6500 ?

[eggbaconandbubble] 09/1/2023 15:36

I'm not getting drawn into an argument/debate on that. That said, RIO according to data provided by Stockopedia meets my criteria and LGEN doesn't.

More to the point RIO have outperformed LGEN over recent months.

[adejuk] 09/1/2023 10:02

eggsbacon
put the lot into lgen for the divi
i'm not an inveterate trader. but when i see a solid bargain....

[spud] 06/1/2023 21:23

Yep. My nap for 2023. Although (isa limitations) I've not got my usual volume of this, I'm pretty confident of a strong showing for this year. spud

[craftyale] 06/1/2023 17:31

Interesting posts. Yep looked at the numbers today. Had a limit sell set at 60.75. Glad it didnt trigger. Sometimes i do it out of boredom. Traded RIO 20+ times over the last year......i have to wonder sometimes if i should just chill out. Presently holding 1200 and need to drink less coffee!

[adejuk] 06/1/2023 16:23

i bought at 45 and sold at 52
bloody fool, but hindsight is a wonderful pair of specs
now waiting for fall from spike to get back in
well done all lth

[yump] 06/1/2023 12:44

Might be running into a share shortage

[craftyale] 06/1/2023 08:39

Goo? Good!

[craftyale] 06/1/2023 08:38

60 has fallen again. Goo start to 23.

[craftyale] 28/12/2022 13:40

One of my fav of 2022 and still one for 2023. $450 million coming their way for coal price cap. £5.70 in divs for 22, any estimates for 23?

[eggbaconandbubble] 27/12/2022 16:24

A good insight into mining in WA.



Pilbarra (RIO Iron ore) bit starts at about 9 minutes in.

[la forge] 26/12/2022 21:44

Rio Tinto Will Likely Profit From China's Opening
Dec. 26, 2022 1:44 AM ETRio Tinto Group (RIO), RTNTF, RTPPF12 Comments

Summary

This article is mainly about the close connection between Rio Tinto and China. I will take a closer look at the current Chinese developments.

Based on this, I come to the conclusion that the chances are relatively high that a reopening of the Chinese economy will be very positive for the Rio Tinto share.

In addition, other factors suggest that iron ore, aluminum, and copper prices will remain high: Ukraine, Russia sanctions, and copper supply deficit.

[eggbaconandbubble] 21/12/2022 18:54

OK! So I DO have a large glass of Brunello behind me, but I've crunched the figs. several times. Yes! I'm an amateur, but I reckon next year these will hit 70 quid.
Don't ask me to explain - I can't. Just a hunch.

We shall see!

Seasons greetings one and all.

[spud] 16/12/2022 08:11

Rio Tinto PLC Rio Tinto completes acquisition of Turquoise HillSource: UK Regulatory (RNS & others)TIDMRIORNS Number : 9758JRio Tinto PLC16 December 2022Rio Tinto completes acquisition of Turquoise HillRio Tinto has completed its acquisition of Turquoise Hill Resources Ltd (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill") for a consideration of approximately $3.1 billion ([1]) , simplifying its ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tinto's copper portfolio, and demonstrating its long-term commitment to the project and Mongolia.Rio Tinto now holds a 66% direct interest in the Oyu Tolgoi project with the remaining 34% owned by the Government of Mongolia through Erdenes Oyu Tolgoi. The transaction closed following approval from the Yukon court in Canada and the majority of TRQ minority shareholders supporting the deal.Rio Tinto Chief Executive Jakob Stausholm said "Oyu Tolgoi is an outstanding asset with incredible people that will deliver significant long-term value for Rio Tinto and Mongolia.spud

[waldron] 14/12/2022 16:13

Ian Lyall

15:00 Wed 14 Dec 2022





US bank Jefferies has released a research note stating that its analysts have been positive on iron ore for the past six weeks, due to the potential for a China reopening and seasonal supply issues.

The rally in iron ore prices has occurred, up from $76 per tonne on October 31 to $112/t last week. However, the outperformance of iron ore relative to copper has likely played out, the bank's analysts think

Despite this, the Jefferies' analysts still see good value in shares of Rio Tinto PLC (LSE:RIO), BHP Group Ltd (LSE:BHP, ASX:BHP) and Vale SA.


Policies 'more accommodative'

They attribute the rally in iron ore prices to an improving outlook for the Chinese economy and believe that more accommodative policies with respect to Covid and the property market will lead to stability in demand for iron ore.

However, the Jefferies analysts do not expect a strong recovery in demand as Chinese property, which accounts for around 35% of iron ore demand in the seaborne market, is likely in structural decline.

Overall, Chinese steel production should track demand, and they expect only a small increase, if any, in China's steel production over the next year.

Iron ore supply is also expected to be roughly flat year-on-year, as the major miners are not increasing production significantly, investors were told.

The Jefferies' analysts expect a balanced market with prices in the $90-110 per tonne range for 2023. The consensus view is that iron ore prices will normalize to the $70-80 per tonne range, and this will happen soon.

However, the analysts expect periods when the price will be in this range, but it believes that a value-over-volumes approach for the major miners and a steepening cost curve will lead to a long-term average price of at least $90 per tonne.

In contrast, they believe that the period of relative outperformance of iron ore in mining is over and that copper is a better commodity to invest in for a ‘12+ month horizon’.

Proactive

[montyhedge] 14/12/2022 15:23

Lol I like pen pushers analysts, JP Morgan have Glencore top pick for 2023, but the shares still down today.https://www.proactiveinvestors.co.uk/companies/news/1001179/glencore-named-top-pick-for-2023-in-jpmorgan-cazenove-european-metals-mining-review-rio-tinto-downgraded-1001179.html