|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||89.17 - 89.17|
|52-week range||55.05 - 94.25|
|Beta (5Y monthly)||0.68|
|PE ratio (TTM)||8.48|
|Forward dividend & yield||6.83 (7.74%)|
|Ex-dividend date||11 Aug 2022|
|1y target est||N/A|
Vale (VALE) witnesses a 10% sequential decline in iron ore output in Q4 due to higher rainfall. The company provides iron ore production guidance for 2023 at 310-320 million tons.
Does Rio Tinto (RIO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Rio Tinto (RIO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.