Rio Tinto Share Discussion Threads

[spud] 05/6/2023 20:19

According to hjs, it's a reduction from £62 to £60! Will the correct DB please stand up!spud

[themoocha] 05/6/2023 20:18

If any of these clowns join RIO then use your shareholder power, or lose your investment. You have been warned.

[lammergeier] 05/6/2023 19:55

Target price raised from £60 to £62

[spud] 05/6/2023 15:31

So he's raised his rating to Buy but reduced the target price?

That pretty much sums up the broker recommends!

spud

[nick100] 05/6/2023 15:29

(Sharecast News) - Deutsche Bank upgraded Rio Tinto to 'buy' from 'hold' on Monday and lifted the price target to 6,200p from 6,000p.

The bank noted that this was its first upgrade in more than two years.

"With the shares now down more than 20% from the year-to-date high, we see attractive value underpinned by a high quality, cash generative business," it said.

It said consensus has turned progressively more bearish towards Rio over the past three years due to persistent concerns over the iron ore market and company specific ESG and strategy issues.

"We have trimmed back our near-term iron ore prices ($110/115/t in 2023/24 from ~$120/t), but remain more bullish than consensus (DB more than 15% ahead on 2024 EBITDA) and see 30% total return potential on a 12-month basis.)"

[hjs] 05/6/2023 11:34

Deutsche Bank's analyst has raised his rating from Neutral to Buy. The target price is reduced from GBX 6200 to GBX 6000.

[eggbaconandbubble] 04/6/2023 09:14

Go woke go broke!

Or Boracic Lint would be a more appropriate term!!!

[eggbaconandbubble] 02/6/2023 14:50

I thought these would fly up if Wall Street was up!!!

[northernfrank] 02/6/2023 12:10

Let's hope this is the start of daily rises

[grupo guitarlumber] 02/6/2023 08:15

News Highlights: Top Company News of the Day
02 June 2023 - 07:30AM
Dow Jones News


Rio Tinto to Spend $395 Million on Australia Desalination Plant


Rio Tinto said it plans to invest in a seawater desalination plant in the Pilbara region of Western Australia, where it runs massive iron-ore mining operations.

[eggbaconandbubble] 30/5/2023 14:51

London quoted mining shares may as well be on Wall Street!!!!

[craftyale] 27/5/2023 13:23

Good to see a rise. Parked some money into SHEL on Friday after I saw the bounce in RIO. Hoping to catch more RIO if it settles lower again.

[philanderer] 26/5/2023 17:44

Morgan Stanley raises Rio Tinto to 'overweight' - price target 5,800 pence

[cassini] 26/5/2023 13:05

Miners all up today.

[tuftymatt] 26/5/2023 09:46

My feeling is the whole sector is being looked at again from a longer term value point of view.

Energy costs / western demand / China slow recovery / debt ceiling etc is all priced in pretty much so buying at these levels for the recovery makes sense for the patient.

Good luck all 👍🏻

[1nf3rn0] 26/5/2023 08:25

"Rio Tinto jumped 3.6% after brokerage Morgan Stanley turned bullish on the miner."

[craftyale] 25/5/2023 17:13

Also still watching and waiting.

[cassini] 25/5/2023 17:03

Personally I think they can fall a little further, 4600p is certainly on the cards.

Maybe even 4500p.

Picking a bottom is almost impossible though, one way around that is to cost-average in with a series of smaller buys over time.

[stoopid] 25/5/2023 15:39

Is RIO a buy yet? Or will it fall further to 4600?

[podgyted] 24/5/2023 23:54

Good to hear.

I'm OK - not sure about the investing lark though.