RIO.L - Rio Tinto plc

LSE - LSE Delayed price. Currency in GBp
4,340.00
-17.50 (-0.40%)
At close: 4:54PM BST
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Previous close4,357.50
Open4,354.50
Bid4,300.00 x 30000
Ask4,364.00 x 26800
Day's range4,311.50 - 4,360.00
52-week range2,970.00 - 4,388.50
Volume3,634,020
Avg. volume4,953,497
Market cap75.262B
Beta1.33
PE ratio (TTM)8.91
EPS (TTM)486.90
Earnings dateN/A
Forward dividend & yield2.13 (5.03%)
Ex-dividend date2018-03-01
1y target est56.80
  • What’s Making Carl Icahn Bearish on Freeport-McMoRan?
    Market Realist3 days ago

    What’s Making Carl Icahn Bearish on Freeport-McMoRan?

    According to recent regulatory filings, activist investor Carl Icahn cut his holdings in Freeport-McMoRan (FCX). Icahn built his position in Freeport-McMoRan in 2015, when miners including BHP Billiton (BHP), Glencore (GLNCY), and Rio Tinto (RIO) were battling a commodity price slowdown.

  • Reuters4 days ago

    Insight: How Rusal escaped the noose of U.S. sanctions

    LONDON/PARIS/WASHINGTON (Reuters) - They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska's aluminium company Rusal.

  • Reuters - UK Focus4 days ago

    How Rusal escaped the noose of U.S. sanctions

    LONDON/PARIS/WASHINGTON, May 16 (Reuters) - They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska's aluminium company Rusal.

  • Brokerages Take a Fresh Look at First Quantum Minerals in May
    Market Realist4 days ago

    Brokerages Take a Fresh Look at First Quantum Minerals in May

    First Quantum Minerals (FM) has received a “strong buy” rating from five analysts, while nine analysts have a “buy” or equivalent rating on the stock. The remaining ten analysts polled by Thomson Reuters on May 14 rate the stock as a “hold.”

  • How a Russian aluminum giant escaped the noose of U.S. sanctions
    Reuters4 days ago

    How a Russian aluminum giant escaped the noose of U.S. sanctions

    LONDON/PARIS/WASHINGTON (Reuters) - They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska's aluminum company Rusal .

  • How Analysts Rate Antofagasta in 2Q18
    Market Realist4 days ago

    How Analysts Rate Antofagasta in 2Q18

    Antofagasta (ANTO) has received a “strong buy” rating from five analysts, while four analysts rate the stock as a “buy” or some equivalent. Antofagasta produced 153,800 metric tons of copper in 1Q18, which was 10.5% lower as compared to the corresponding period last year. Antofagasta expects to produce between 705,000 and 740,000 metric tons of copper in 2018 as compared to 704,300 metric tons last year.

  • Reuters4 days ago

    Rio Tinto CEO calls for 'United Nations of the mining world'

    Rio Tinto (RIO.L) (RIO.AX) CEO Jean-Sebastien Jacques said resource companies needed to build "the United Nations of the mining industry" to tackle rising resource nationalism and cost inflation. Rising commodity prices typically lead to resource nationalism as they inspire resource-holding nations to demand higher shares of international mining companies' profits.

  • Reuters4 days ago

    Rio Tinto CEO calls for 'United Nations of the mining world'

    Rio Tinto (RIO.L) (RIO.AX) CEO Jean-Sebastien Jacques said resource companies needed to build "the United Nations of the mining industry" to tackle rising resource nationalism and cost inflation. Rising commodity prices typically lead to resource nationalism as they inspire resource-holding nations to demand higher shares of international mining companies' profits. At the same time, the miners say increased energy prices and wage demands are driving cost-inflation and eroding profit margins.

  • Reuters - UK Focus4 days ago

    Rio Tinto CEO calls for 'United Nations of the mining world'

    Rio Tinto CEO Jean-Sebastien Jacques said resource companies needed to build "the United Nations of the mining industry" to tackle rising resource nationalism and cost inflation. Rising commodity prices typically lead to resource nationalism as they inspire resource-holding nations to demand higher shares of international mining companies' profits.

  • Exclusive: China's Tianqi nears $4.3 billion deal to buy stake in Chile's SQM - sources
    Reuters5 days ago

    Exclusive: China's Tianqi nears $4.3 billion deal to buy stake in Chile's SQM - sources

    HONG KONG/TORONTO (Reuters) - China's Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile's Sociedad Quimica Y Minera (SQM) (SQMa.SN), one of the world's biggest lithium producers, for about $4.3 billion (3.2 billion pounds), two people close to the transaction said. Chengdu-based Tianqi, which is building the world's biggest lithium processor in Western Australia, is looking to sign a deal to acquire the stake in SQM from Canadian fertilizer company Nutrien Ltd (NTR.TO), the people said. Based on SQM's market value of $14.8 billion at Monday's close, Tianqi would pay a roughly 22 percent premium for the shares in the world's lowest-cost producer of lithium.

  • Freeport-McMoRan and Indonesia: The Tussle Gets Muddier
    Market Realist5 days ago

    Freeport-McMoRan and Indonesia: The Tussle Gets Muddier

    Freeport-McMoRan (FCX) operates the giant Grasberg mine in Indonesia (EIDO). Rio Tinto (RIO) is Freeport’s partner at the mine. Notably, Grasberg is the second largest copper mine globally after BHP Billiton (BHP) owned Escondida.

  • How Analysts Rate Copper Miners after 1Q18 Earnings
    Market Realist5 days ago

    How Analysts Rate Copper Miners after 1Q18 Earnings

    We’re now reaching the end of the 1Q18 earnings season, and most mining companies have already released their quarterly earnings results. Some companies including Antofagasta (ANTO) and Glencore (GLNCY) have released only their quarterly production reports in 1Q18, and not metrics like revenue and EBITDA, which they only release twice a year.

  • Barrons.com9 days ago

    Apple Just Got Greener With Alcoa, Rio Tinto Accord

    Apple (AAPL) is getting greener in how it makes iPhones, iPads, and iMacs. The company says its entered into a joint venture with aluminum producers Alcoa (AA) and Rio Tinto (RIO) to make its devices more environment-friendly. "We are proud to be part of this ambitious new project, and look forward to one day being able to use aluminum produced without direct greenhouse gas emissions in the manufacturing of our products," Apple CEO Tim Cook said in a statement.

  • Apple says it's found a ‘revolutionary’ way to make its devices more environmentally friendly
    CNBC9 days ago

    Apple says it's found a ‘revolutionary’ way to make its devices more environmentally friendly

    Aluminum is used in most of Apple's popular products, including the iPhone, iPad and iMac.

  • Business Wire10 days ago

    Alcoa and Rio Tinto Announce World’s First Carbon-Free Aluminum Smelting Process

    Alcoa Corporation (AA) and Rio Tinto (RIO) today announced a revolutionary process to make aluminum that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process. Executives of Alcoa, Rio Tinto and Apple were joined by Canadian Prime Minister Justin Trudeau and Premier of Québec Philippe Couillard for the announcement, which signals the most significant innovation in the aluminium industry in more than a century.

  • Bloomberg10 days ago

    Apple Backs Alcoa, Rio Tinto to Develop Carbon-Free Metal Making

    Apple Inc. is backing a joint venture between metal producers Alcoa Corp. and Rio Tinto Group to develop a new aluminum-making process that eliminates greenhouse gases. The Alcoa-Rio joint venture, which will get initial funding of C$188 million ($147 million), will be based in Montreal and have a research facility in Quebec’s Saguenay region, the aluminum makers said Thursday in a statement. The announcement was made with Canadian Prime Minister Justin Trudeau on hand along with executives from the three companies.

  • Can Chinese Copper Imports Help Lift Freeport-McMoRan Stock?
    Market Realist12 days ago

    Can Chinese Copper Imports Help Lift Freeport-McMoRan Stock?

    China is the world’s biggest copper importer, and the country’s copper imports are seen as an indicator of its copper demand. Copper mining is concentrated in Latin America, and companies including Southern Copper (SCCO), Antofagasta (ANTO), and BHP Billiton (BHP) operate copper mines in the region. China imported 442,000 metric tons of unwrought copper in April.

  • 5 Reasons to Consider Freeport-McMoRan
    Market Realist13 days ago

    5 Reasons to Consider Freeport-McMoRan

    So far in this series, we’ve discussed Freeport-McMoRan’s (FCX) troubles in Indonesia and the stock’s valuation. In this part, we’ll discuss some of the bullish drivers for the stock.

  • Grasberg Impacts Freeport-McMoRan’s Valuation
    Market Realist13 days ago

    Grasberg Impacts Freeport-McMoRan’s Valuation

    As we noted in the previous part, Freeport-McMoRan (FCX) faces uncertainties in its Grasberg mine in Indonesia. Despite agreeing to sell a majority stake in the mine towards Indonesian interests, the company hasn’t been able to strike a final deal with the Indonesian government. Rio Tinto (RIO) is also negotiating a stake sale with the Indonesian government.

  • Freeport-McMoRan: Analyzing the Grasberg Concerns
    Market Realist16 days ago

    Freeport-McMoRan: Analyzing the Grasberg Concerns

    Freeport-McMoRan (FCX) operates the Grasberg mine in Indonesia. The Grasberg mine is the world’s second-largest mine after BHP Billiton’s (BHP) Escondida mine. Rio Tinto (RIO) (TRQ) is Freeport’s partner at the Grasberg mine. Despite Freeport-McMoRan agreeing to two of the key demands made by the Indonesian government, its problems are far from over.

  • Reuters - UK Focus18 days ago

    Savannah boosts Portugal lithium estimate, shares jump

    Savannah Resources (Stuttgart: AFM.SG - news) on Wednesday announced a more than 50 percent jump in the size of Portuguese lithium resources it says could be the first western European project to come onstream, driving its shares more than 13 percent higher. Savannah said its latest assessment shows Mina do Barroso in northern Portugal holds 14 million tonnes of hard rock lithium, 52 percent more than previously thought. Savannah shares were up 13.4 percent at 0742 GMT.

  • U.S. sanctions extension may ease Rusal restrictions - Rio Tinto CEO
    Reuters18 days ago

    U.S. sanctions extension may ease Rusal restrictions - Rio Tinto CEO

    An amendment by the U.S. Treasury to its Russian sanctions programme may greatly reduce the restrictions on aluminium giant Rusal, Rio Tinto (RIO.AX) (RIO.L) Chief Executive Jean Sebastien Jacques said on Wednesday. Late on Tuesday, the U.S. Treasury gave investors an additional month to divest or transfer their holdings in sanctions targets, including Rusal and En+.

  • The Wall Street Journal18 days ago

    [$$] Australia Broadens Legal Action Against Mining Titan Rio Tinto

    SYDNEY—Australia’s corporate regulator has widened legal action against Rio Tinto Ltd. and two of the company’s former executives, pursuing allegations the mining giant was late in writing down a troubled African investment. Rio Tinto has come under scrutiny from officials in the U.S., U.K. and Australia over the handling of coal assets it purchased in Mozambique for about $4 billion in 2011, but which faced substantial writedowns and were later sold at just $50 million, a fraction of that price. The Australian Securities and Investments Commission said Tuesday that it’s lodged new allegations against Rio Tinto, its former Chief Executive Thomas Albanese, and former Chief Financial Officer Guy Elliott posing that the assets should have been impaired in the company’s 2012 interim financial statements.

  • Could China’s Iron Ore Imports Level Off Soon?
    Market Realist19 days ago

    Could China’s Iron Ore Imports Level Off Soon?

    When it comes to estimating demand for a commodity, considering a country that single-handedly consumes more than 70% of the commodity is imperative. We’re talking, of course, about seaborne-traded iron ore and China. It’s vital to track Chinese iron ore imports to gauge the direction of future prices.

  • Iron Ore Inventories Ease Slightly But Not Enough to Support Prices
    Market Realist19 days ago

    Iron Ore Inventories Ease Slightly But Not Enough to Support Prices

    Iron ore port inventories in China reflect the balance between demand and supply. Usually, if iron ore isn’t used up by steel mills, it piles up at ports. Because this indicator helps provide a sense of the direction of iron ore prices, it’s important to track.

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