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Rio Tinto plc (RIO)

NYSE - NYSE Delayed price. Currency in USD
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59.83-1.17 (-1.92%)
At close: 04:00PM EDT
60.00 -0.00 (-0.01%)
After hours: 07:59PM EDT
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  • J
    Jazenevc
    FWIW. Touted by Cramer on Mad Money yesterday: “People think that we’re going into a recession, and you’re supposed to sell Rio Tinto in a recession. I, on the other hand, want to ... buy Rio Tinto right here.”
  • A
    Anonymous
    Does anyone know whether RIO's financial stats are accurate and in dollars as shown on Yahoo?
  • G
    Gary
    When is next Dividend date ...Thank you
  • G
    Glen
    Anyone know what's behind RIO's decision with regard to the joint venture with Star Diamond?
  • D
    DODIER
    They just featured RIO on this sites morning watchlist. (http://market-engross.club)
  • J
    John
    I’m buying more here. This stock is going to rise big time the latter half of the year into next year.
  • J
    Jazenevc
    Dividend amount/schedule is an eternal question here. Correct information should be always checked on the company website.
    Next dividend schedule:
    Announcement: July 27
    Ex-div: August 11
    Payment: September 22
  • J
    Jim
    been quite a fall since last month, could be a time to load up, imo dyor
  • J
    Jazenevc
    FWIW Unexpectedly, Rio placed Falcon Diamond project on care and maintenance and informed the project minority partner, Star Diamond, about intention to look for alternatives, including exit. The project cannot have a big impact on Rio. My condolences to the shareholders of Star Diamond.
  • J
    John
    When is the next ex-div date?
  • J
    Jazenevc
    In yesterday's Kitco report, Rio is ranked 9th on the list of the world's largest copper companies. It's not bad, esp. taking into account the upcoming increase in production at Oyu Tolgoi and the advanced development of the Winu project. In addition, the company manages numerous copper development/exploration projects around the world. Some of them are big. The company is not considered a big copper producer, mainly because its iron ore mining operations are huge in both size and profitability.
    The price of copper has fallen heavily this week, but this is nothing but a temporary phenomenon. Copper is in high demand, while the development of new mines is inadequate, mainly for political reasons.
  • P
    Paul
    So what do you guys think? I'm planning to hold all next week for starters
    I made a good (big for me) buy last Thursday at the open and am way up.
    I keep seeing projections for Rio with another 10+ points of upside short-term,
  • B
    Bunny
    China's massive stimulus will show up. It includes materials for EV and infrastructure.
  • D
    Daniel
    Going to hold RIO through this recession. The dividend is solid and strong. Materials may be down but not out. China will come back too.
  • J
    Jazenevc
    Downgraded to EqualWeight at Morgan Stanley. Price target reduced from GBP6410 to GBP6230. This is still substantially higher than present price GBP4907.
  • J
    Jazenevc
    Usually, I don’t re-post news that’s already on the Yahoo page, because it is already easy to find and read. However, I feel that making this exception would be justified. The US appeal court decision, upholding the land swap for Resolution copper development in Arizona, keeps the door open for the project, which is very important for both the company and the country.
    It is still not guaranteed that present US will stop obstructing copper mining and gives, finally, green light to construction now. The previous administration had already made this green light decision before 2020 election, but present administration put it on hold. Perhaps, it will take 2024 elections to make it happen finally.
    Resolution could become one of the largest copper mines in the world. Rio owns 50% and would operate the mine. BHP owns other 50%. If Resolution goes forward then Rio would become a legitimate major copper producer.
  • J
    John
    How could you not buy here?
  • s
    scott
    I recently saw that Goldman Sachs issued a sell rating on a stock after it was down some 80 percent.

    As someone on CNBC said this week “Where were they 80 percent ago??" Where were they?? Why telling you to buy more stock. Thats their job. Its not to protect you the investor from losses.
  • T
    Terry
    I doubled my position at $60.
  • P
    Paul
    8 more dollars down more and I’m in.