Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,325.00p
   
  • Change Today:
    -27.00p
  • 52 Week High: 5,891.00p
  • 52 Week Low: 4,559.00p
  • Currency: UK Pounds
  • Shares Issued: 1,252.57m
  • Volume: 221,474
  • Market Cap: £66,700m
  • RiskGrade: 142

Rio Tinto Q1 iron ore shipments lower than expected

By Frank Prenesti

Date: Wednesday 20 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Anglo-Australian mining giant Rio Tinto on Wednesday reported lower-than-expected iron ore shipments in the first quarter as it warned of inflationary risk, a resurgence of Covid lockdowns in China and the impact of a prolonged Russia-Ukraine war.

Rio shipped 71.5m tonnes (Mt) of iron ore in the three months to March 31, compared with 77.8 Mt a year earlier and consensus estimates of 76 Mt.

Production for the quarter stood at 71.7 Mt, down 6.2% from a year earlier and 15% from the previous quarter.

The company was also hit by labour shortages and supply chain constraints as it tried to increase production at its Pilbara operations in Western Australia during the quarter.

"Production in the first quarter was challenging as expected, re-emphasising a need to lift our operational performance," said chief executive Jakob Stausholm.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rio Tinto Market Data

Currency UK Pounds
Share Price 5,325.00p
Change Today -27.00p
% Change -0.50 %
52 Week High 5,891.00p
52 Week Low 4,559.00p
Volume 221,474
Shares Issued 1,252.57m
Market Cap £66,700m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.35% above the market average75.35% above the market average75.35% above the market average75.35% above the market average75.35% above the market average
59.09% above the sector average59.09% above the sector average59.09% above the sector average59.09% above the sector average59.09% above the sector average
Price Trend
10.45% below the market average10.45% below the market average10.45% below the market average10.45% below the market average10.45% below the market average
25.87% above the sector average25.87% above the sector average25.87% above the sector average25.87% above the sector average25.87% above the sector average
Income
89.39% above the market average89.39% above the market average89.39% above the market average89.39% above the market average89.39% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Growth
88.43% below the market average88.43% below the market average88.43% below the market average88.43% below the market average88.43% below the market average
73.77% below the sector average73.77% below the sector average73.77% below the sector average73.77% below the sector average73.77% below the sector average

What The Brokers Say

Strong Buy 5
Buy 8
Neutral 8
Sell 1
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rio Tinto Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Mar-24 10-Aug-23
Paid 18-Apr-24 21-Sep-23
Amount 258.00¢ 177.00¢

Trades for 10-Jun-2024

Time Volume / Share Price
10:16 7 @ 5,325.00p
10:16 43 @ 5,325.00p
10:15 57 @ 5,324.73p
10:15 90 @ 5,324.75p
10:15 0 @ 5,324.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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