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RIO Rio Tinto Plc

10.00 (0.18%)
30 May 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 Shares Traded Last Trade
  10.00 0.18% 5,488.00 7,150,600 16:35:12
Bid Price Offer Price High Price Low Price Open Price
5,468.00 5,470.00 5,486.00 5,350.00 5,365.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 54.86B USD 10.06B USD 6.1815 8.85 89B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:47:01 O 1,900,000 5,365.00 GBX

Rio Tinto (RIO) Latest News

Rio Tinto (RIO) Discussions and Chat

Rio Tinto Forums and Chat

Date Time Title Posts
08/3/202416:02RIO - TRADERS THREAD55,240
24/2/202313:42Rio Tinto Investors thread410
22/2/202215:55Rio Share price14
22/1/202223:01serbia scrap rio lithium mine plans...power to Novak..justice!1

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Rio Tinto (RIO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Rio Tinto (RIO) Top Chat Posts

Top Posts
Posted at 30/5/2024 09:20 by Rio Tinto Daily Update
Rio Tinto Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker RIO. The last closing price for Rio Tinto was 5,478p.
Rio Tinto currently has 1,627,108,312 shares in issue. The market capitalisation of Rio Tinto is £89,002,824,666.
Rio Tinto has a price to earnings ratio (PE ratio) of 8.85.
This morning RIO shares opened at 5,365p
Posted at 24/5/2024 09:06 by pugugly
Yump - Agree again!! On a salary level Train Drivers and many plumbers would be upper middle class or lower upper class as earning more than many in the legal profession.

Anyway back to Rio - FT today reporting that Palliser Capital calling for RIO to consolidate its listing in Australia as trading at a $27bn discount to its Australian Entity.
Anyone holding the Aussie stock? Thoughts?
Posted at 22/5/2024 04:22 by greendig
Rio Tinto has declared force majeure on its Queensland smelters stating that it will take longer to repair gas supplies after a fire in March. This only affects third party contracts and Rio’s own smelters are unaffected.

Won’t this mean a protracted restriction in third party aluminium production potentially increasing prices while Rio’s own production is unaffected?

Sounds like it should be good for Rio?
Posted at 20/5/2024 14:36 by philanderer
Citi downgrades Rio Tinto on rising China concerns

Citi has cut its rating for Rio Tinto from 'buy' to 'neutral', saying that macro headwinds are rising for the mining group following a period of share-price outperformance.

As for Friday's closing price of 5,785p, the stock had risen by around 27% since last August, but its deep discount to the wider sector has "now eroded", Citi said.

"We still have China macro concerns. We are unlikely to see any meaningful support for steel demand from recently announced property easing; all property indicators are still in deep contraction," the bank said.

"While the recent Politburo meeting pledged to support the property sector through supply and inventory management (to stabilise house prices and sales), Citi thinks this is unlikely to stimulate incremental steel demand."

Citi added that China steel mills are now loss-making again and we are entering into a period of seasonal weakness for mining equities.

The bank has left its 6,000p target price unchanged, which suggests very little upside to the stock, which was up 0.3% at 5,801p by 0935 BST.
Posted at 12/4/2024 08:22 by spud
Notice of dividend currency exchange rates - 2023 final dividend12 April 2024 On 21 February 2024, Rio Tinto announced a final dividend of 258.00 US cents per share for the full year ended 31 December 2023, with Rio Tinto Limited shareholders to be paid a final dividend of 392.78 Australian cents per ordinary share and Rio Tinto plc shareholders to be paid a final dividend of 203.77 British pence per ordinary share. American Depositary Receipt (ADR) holders will receive the dividends in US dollars as announced on 21 February 2024. The currency exchange rates which apply to Rio Tinto Limited shareholders who elect to receive the final dividend in pounds sterling or New Zealand dollars and Rio Tinto plc shareholders who elect to receive the final dividend in Australian dollars or New Zealand dollars are the currency exchange rates applicable on 11 April 2024. spud
Posted at 08/4/2024 18:34 by saltraider
@egg Taking a medium-term view, the sector isn't particularly bullish, though. Share prices are just bouncing around a bit ... currently upwards. Volatility is the name of the game.

I remain very bullish about the sector in the long-term. The world needs minerals for energy transition. Coal still has a way to run and uranium is going into a global supply-demand deficit.

I don't try to time the market. I just buy a little more whenever I can. But others with better trading skills are doubtless buying and selling for short-term gain, whatever they may believe about long-term prospects. It will be a bumpy ride.
Posted at 22/2/2024 10:18 by philanderer
Goldman Sachs cuts Rio Tinto price target to 7,100 (7,300) pence - 'buy'

JPMorgan raises Rio Tinto price target to 7,040 (7,000) pence - 'overweight'

RBC cuts Rio Tinto price target to 5,900 (6,100) pence - 'sector perform'
Posted at 23/1/2024 09:33 by anhar
Prices nearly all move randomly in the short term. People then ascribe what they see as reasons for this but there is no explanation in most cases. Thus Morgan Stanley was not responsible for the above mentioned fall, nor is China the reason for the above mentioned rise so far today.

The reason that there's no reason is that big cap share prices are the net effect of institutional trades at any point. Because they all have different individual motives to buy or sell, this means that taken together there is no single reason for a price change, mostly.

I get that it's hard for many to accept that randomness rules, not just share prices but a lot of events in life, but imo that is the way it is.

As purely an income investor I've held RIO and many other shares in my port for a very long time, having decades ago ceased trying to score from trading. Long term, prices tend to reflect company performance, short term it's just a random gamble which one is very unlikely to win over time and many trades.
Posted at 10/1/2024 10:55 by yump
Iron ore and copper prices need a sustained period at this recovery level for RIO to see a decent gain I think.

Its handy to put those price charts next to RIO reporting periods, to see what effect the price changes might have on results. Short term trends don’t tell anything much.

Also, I presume the whole area of predicting revenue will be distorted by advance contract pricing.
Posted at 19/8/2023 12:16 by misca2
7% dividend yields! 2 FTSE 100 shares I’m considering buying following the recent mini-crash

These FTSE 100 shares offer spectacular all-round value. Here’s why I’m aiming to snap them up for my portfolio when I next have cash to invest.

Royston Wild❯

Published 19 August, 7:31 am BST

As a value investor I’m always looking for opportunities to buy beaten-down bargains. So a sudden fall in the value of many FTSE 100 shares in recent days has grabbed my attention.

Mounting concerns over China’s economy have driven the FTSE’s fresh decline. But I’m confident that the index will eventually recover, and that individuals who invested at current levels could make a packet. It’s a strategy that billionaire investor Warren Buffett has used to build his incredible wealth.

The past isn’t always a reliable guide to what comes next. However, history shows us that economic crises come and go, and that stock markets always bounce back strongly following periods of weakness.

With this in mind, here are two FTSE 100 stocks I’m thinking of buying today. I believe they could soar in value over the next decade.

1. Rio Tinto

Property firm Evergrande’s claim for US bankruptcy protection shook the share prices of mining stocks again last week. The application has reignited fears over China’s property sector and darkened the outlook for future commodities demand.

Rio Tinto (LSE:RIO) is one of many metals producers whose share prices have toppled in the gloom. The company’s reliance on iron ore — a key steelmaking ingredient — to drive profits leaves it especially vulnerable to a construction industry collapse.

But at current prices I still find the FTSE share very attractive. Not only does it trade on a forward price-to-earnings (P/E) ratio of 8.6 times, it also carries a mighty 7% dividend yield at a current price of £45.65.

At these levels, I think the threat of a sharp slowdown in Chinese commodities demand is baked in. In fact, continued monetary support from Beijing suggests that a painful downturn could be averted altogether.

I think Rio Tinto shares are attractive for long-term investors like me. As the green economy takes off, demand for industrial metals could rise strongly over the next decade. Rapid emerging market urbanisation and rising digitalisation could also push commodities consumption skywards, pulling Rio’s share price with it.
Posted at 24/5/2023 15:01 by waldron
Philip Whiterow

13:33 Wed 24 May 2023

Rio Tinto offers 'compelling' opportunity for the long term, suggests Jefferies

Rio Tinto, BHP and Vale share prices all reflect iron ore prices way below current spot levels, according to broker Jefferies, which concludes the three mining giants look good value as a result.

Markets currently are pricing in a benchmark iron ore price of US$81.37/t, it says, which compares to a spot price of US$99.05 and Jefferies' own long-term forecast of US$90/t.

“Chinese demand weakness is a near-term risk and valuation alone is not a catalyst for mining share prices to go higher.

“But our analysis indicates that shares of Rio, BHP, and Vale are trading at compelling levels now,” it said.

Using an enterprise value/underlying profit [EBITDA] ratio as a tool, the US bank estimates Rio is pricing in an iron price of US$81/t (on a 5.5x ratio), BHP is at US$86/t (6.5x) and Vale US$77 (at 5x).

Jefferies emphasises, however, that these are long-term forecasts, adding that it is “concernedR21; about seasonal and cyclical demand risk driving the iron ore price lower in the near future.

However, “If iron ore mining share prices are discounting a scenario more bearish than the outlook we envision, then our recommendation would be to buy these shares now before the iron ore price recovers.

“Yes, there will be near-term risks, but the opportunity for longer-term value investors could be now.”

Rio Tinto share price data is direct from the London Stock Exchange

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