|Bid||3,347.00 x 30000|
|Ask||3,410.00 x 26800|
|Day's range||3,348.50 - 3,407.50|
|52-week range||2,253.50 - 3,718.50|
|PE ratio (TTM)||13.13|
|Dividend & yield||2.51 (5.71%)|
|1y target est||N/A|
Rio Tinto (RIO) released its operational update for 1H17 on July 18, 2017. Rio’s iron ore shipments fell 6% year-over-year (or YoY) to 77.7 million tons in 2Q17.
The world’s largest mining concerns, BHP Billiton, Rio Tinto and Vale, as well as Southern Copper, are poised in bases as they prepare to report results.
After reaching a peak of $95 per ton in February 2017, despite market participants’ concerns about higher supply and weakening demand, iron ore prices hit a low of $53 per ton in June.