|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's range||55.41 - 56.10|
|52-week range||38.95 - 60.72|
|PE ratio (TTM)||11.39|
|Forward dividend & yield||2.20 (3.87%)|
|1y target est||60.56|
The latest earnings announcement Rio Tinto Limited (ASX:RIO) released in December 2017 confirmed that the business benefited from a sizeable tailwind, eventuating to a high double-digit earnings growth of 89.78%.Read More...
Source: InsiderScore.com On June 12, Sailingstone Capital Partners issued an open letter to the Turquoise Hill board, outlining approaches Turquoise Hill could take to boost its performance. Specifically, Sailingstone said it believes Turquoise Hill should “recalibrate” and become a truly independent company, and not rely on the guidance of the miner Rio Tinto (RIO), which holds a majority stake in the firm. Lastly, Turquoise Hill should reshape executive compensation, removing all Rio Tinto stock and operating performance metrics.
Rio Tinto (RIO) (TRQ) stock had returned 12.7% year-to-date as of June 7. Similar to BHP Billiton (BHP) stock, it fell 2.6% in the first quarter this year. As commodity prices firmed, the miners’ stocks picked up in April. The company has reignited its efforts to reduce costs and increase productivity. These efforts, along with balance sheet improvement and buoyant commodity prices, have significantly improved RIO’s prospects. Let’s look at the company’s revenue and earnings estimates.
Which Stocks Are Analysts Favoring amid High Volatility? Of the 13 analysts covering Rio Tinto (RIO) stock, 61% recommend “buy,” 31% recommend “hold,” and 8% recommend “sell.” One year back, 80% of analysts recommended “buy.” In comparison, of the analysts covering BHP Billiton (BHP) and Vale (VALE), 53% and 56% recommend “buy,” respectively. Cleveland-Cliffs (CLF), which is mainly exposed to the US domestic market, has “buy” recommendations from 54% of analysts covering the stock.
(Reuters) - Major miner Rio Tinto named Jacob Stausholm, formerly CFO of Danish shipping company A.P. Moller-Maersk, to replace outgoing financial boss Chris Lynch when he retires in September, the Anglo-Australian mining company said on Tuesday.
has turned to the shipping industry for its new finance chief, ending a nine-month search. The Anglo Australian mining company said on Tuesday it Jakob Stausholm, the chief financial officer of AP Moller Maersk, would replace incumbent Chris Lynch in September. The appointment of Mr Stausholm marks the latest change to the top team at Rio.
Frankly, Mr Stausholm will do well to keep Rio’s financial health as rosy as it is. Rio, on UBS estimates, should have net cash by end 2020, and it is certainly not alone. Understandably, some shareholders in this sector might wonder if this group has invested enough to keep the good times going.
Of the 17 analysts covering BHP Billiton (BHP), 53% recommend “buy,” 41% recommend “hold,” and 6% recommend “sell.” Their consensus target price for BHP is $33.20, which implies a 1% downside based on its current market price. Unlike BHP, peers (XME) Vale (VALE), Cleveland-Cliffs (CLF), and Freeport-McMoran (FCX) have an upside potential based on their target prices.
The 50-50 joint venture with state-owned Minmetals follows a technical agreement signed in November when both parties committed to a collaborative partnership in mineral exploration. Major miners have been seeking ways to maximise exploration budgets and have also been analysing the sustainability of their portfolios in light of the changing needs of China, the world's biggest commodity consumer, as its economy matures.
Rio Tinto Limited (ASX:RIO), a large-cap worth AU$141.90B, comes to mind for investors seeking a strong and reliable stock investment. One reason being its ‘too big to fail’ aura whichRead More...
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Rio Tinto plc (LSE:RIO) a safer option. Big corporations are much sought after by risk-averseRead More...
In this article, we’ll look at China’s iron ore port inventories and what they suggest for iron ore prices. These inventories reflect the difference between demand and supply. Usually, if iron ore isn’t used up by steel mills, it piles up at ports. Therefore, increasing inventories reflect weak demand, and vice versa.
Since the main seaborne iron ore exporters are from Australia or Brazil (EWZ), it’s imperative for iron ore investors to track these countries’ iron ore exports, which serve as a key supply-side indicator. According to the Pilbara Ports Authority, iron ore exports rose just 0.7% YoY (year-over-year) to ~42.6 million tons in April. Sequentially, imports rose 1.2%. Port Hedland, Australia’s largest iron ore loading port, is used by major miners BHP (BHP), Hancock Prospecting, and Fortescue Metals (FSUGY). Rio Tinto (RIO), on the other hand, uses Port Dampier. ...
Continuing their volatile streak, iron ore prices are now falling after rising in April. Iron ore reached $63.90 per ton on May 28, registering its seventh drop in eight sessions. While prices were supported in April and early May by China’s announcement of a cut in bank reserve requirements, rising inventory concerns eventually pushed them downward.
Previously in this series, we’ve looked at major copper producers’ first-quarter production data. In this article, we’ll look at the 2018 production guidance provided by leading copper miners. We’ll be focusing on companies that changed their guidance this year.
By looking at leading copper miners’ production profiles, we can get crucial insights into the global copper supply. Freeport-McMoRan (FCX) shipped 450,000 metric tons of copper in the first quarter, compared to 461,000 metric tons in the sequential quarter. While Freeport’s first-quarter copper production fell slightly on a sequential basis, it rose 22.7% year-over-year (or YoY).
Vale’s CFO, Luciano Siani Pires, said during Vale Day on December 6 that the company deserves a rerating of its valuation. Diversified miners (GNR) Rio Tinto (RIO) and BHP Billiton (BHP) are trading at similar multiples of 6.3x and 6.6x, respectively.
Rio Tinto Limited (ASX:RIO) is currently trading at a trailing P/E of 12.8x, which is lower than the industry average of 14x. While this makes RIO appear like a greatRead More...
Vales (VALE) stock has seen a significant shift in ratings over the last few months. Most of the recent analyst ratings, however, point to negative sentiment among analysts. This sentiment contrasts sharply to eight analyst upgrades for the stock in 2017. Analysts were positive about the company’s deleveraging policy, which has now been mostly priced into the stock.
Vale (VALE) considerably reduced its net debt in 2017. At the end of 2017, its net debt totaled $18.1 billion, a decline of ~28% year-over-year. The company was guiding for net debt of $15.0 billion–$17.0 billion by the end of 2017. In the latest quarter, the company recorded another reduction of $3.2 billion in net debt to reach $14.9 billion. The debt decline during the quarter was supported by the sale of its fertilizer assets to Mosaic for $3.7 billion.
Is a Valuation Rerating in the Cards for Vale Stock? The EBITDA for the ferrous division was almost in line with the previous quarter despite seasonally lower volumes, mainly due to higher premiums and the net effect of the 13% increase in the benchmark iron ore index. Vale’s free-on-board (or FOB) cost per ton for iron ore fines was $14.8 per ton in the first quarter, in line with 4Q17.
In the previous article, we looked at some of Alcoa’s (AA) bullish drivers. Chinese overcapacity is still among the biggest challenges for aluminum producers such as Rio Tinto (RIO) and Norsk Hydro (NHYDY). Chinese aluminum exports have been elevated this year despite President Donald Trump’s Section 232 tariffs.
Although aluminum and alumina have retreated from their 2018 highs after President Donald Trump softened the RUSAL sanctions, global aluminum and alumina markets are expected to be in a deficit by some observers, including companies such as Alcoa. Alumina prices are also being supported by the partial shutdown of Norsk Hydro’s (NHYDY) Alunorte refinery. Aluminum prices might also take support from higher alumina prices (XME).