Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,522.00p
   
  • Change Today:
    -33.00p
  • 52 Week High: 5,891.00p
  • 52 Week Low: 4,559.00p
  • Currency: UK Pounds
  • Shares Issued: 1,252.57m
  • Volume: 1,741,263
  • Market Cap: £69,167m
  • RiskGrade: 142

Deutsche Bank upgrades Rio Tinto to 'buy'

By Michele Maatouk

Date: Monday 05 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Deutsche Bank upgraded Rio Tinto to 'buy' from 'hold' on Monday and lifted the price target to 6,200p from 6,000p.
The bank noted that this was its first upgrade in more than two years.

"With the shares now down more than 20% from the year-to-date high, we see attractive value underpinned by a high quality, cash generative business," it said.

It said consensus has turned progressively more bearish towards Rio over the past three years due to persistent concerns over the iron ore market and company specific ESG and strategy issues.

"We have trimmed back our near-term iron ore prices ($110/115/t in 2023/24 from ~$120/t), but remain more bullish than consensus (DB more than 15% ahead on 2024 EBITDA) and see 30% total return potential on a 12-month basis.)"

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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 5,522.00p
Change Today -33.00p
% Change -0.59 %
52 Week High 5,891.00p
52 Week Low 4,559.00p
Volume 1,741,263
Shares Issued 1,252.57m
Market Cap £69,167m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.68% above the market average65.68% above the market average65.68% above the market average65.68% above the market average65.68% above the market average
29.85% above the sector average29.85% above the sector average29.85% above the sector average29.85% above the sector average29.85% above the sector average
Price Trend
39.31% above the market average39.31% above the market average39.31% above the market average39.31% above the market average39.31% above the market average
59.72% above the sector average59.72% above the sector average59.72% above the sector average59.72% above the sector average59.72% above the sector average
Income
87.39% above the market average87.39% above the market average87.39% above the market average87.39% above the market average87.39% above the market average
65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average
Growth
88.16% below the market average88.16% below the market average88.16% below the market average88.16% below the market average88.16% below the market average
67.21% below the sector average67.21% below the sector average67.21% below the sector average67.21% below the sector average67.21% below the sector average

What The Brokers Say

Strong Buy 6
Buy 8
Neutral 7
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 15-May-2024

Time Volume / Share Price
16:23 5 @ 5,511.00p
16:11 0 @ 5,519.00p
16:11 0 @ 5,519.00p
16:11 0 @ 5,519.00p
16:11 0 @ 5,519.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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