Thungela Resources Limited NPV (DI) (TGA)

Sector:

Mining

1,365.00p
   
  • Change Today:
      13.00p
  • 52 Week High: 1,374.00
  • 52 Week Low: 111.02
  • Currency: UK Pounds
  • Shares Issued: 136.31m
  • Volume: 24,049
  • Market Cap: £1,860.66m

Liberum upgrades Rio Tinto to 'hold', says bad news priced in

By Michele Maatouk

Date: Tuesday 07 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Liberum upgraded Rio Tinto to 'hold' from 'sell' on Tuesday as it argued that bad news was now priced in.
"We upgrade Rio Tinto, as much of the near-term iron price downside risk has been realised (stocking pricing in $90/t iron ore) with the possibility of a seasonal uptick in Q1," the broker said.

"We still struggle to build a sustainable bull case for Rio Tinto from current levels, as iron ore still has further downside risk over the medium term. For now though, the risks appear more balanced - certainly versus BHP."

Liberum noted that Rio shares have underperformed since the company outlined the cost of going 'green' at its investor seminar, at $7.5bn between 2022-30.

In a broader note on the mining sector, Liberum said its most preferred stocks are Anglo American, Ferrexpo, Thungela, Shanta Gold and Gemfields. Least preferred are BHP, Centamin and Taseko Mines.

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

 

TGA Market Data

Currency UK Pounds
Share Price 1,365.00p
Change Today 13.00p
% Change 0.96 %
52 Week High 1,374.00
52 Week Low 111.02
Volume 24,049
Shares Issued 136.31m
Market Cap £1,860.66m

TGA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
7.96% above the sector average7.96% above the sector average7.96% above the sector average7.96% above the sector average7.96% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

TGA Dividends

  Latest Previous
  Final
Ex-Div 05-May-22
Paid 23-May-22
Amount 1,800.00¢

Trades for 20-May-2022

Time Volume / Share Price
08:17 118 @ 1,365.00p
08:17 250 @ 1,365.20p
08:14 59 @ 1,368.00p
08:14 119 @ 1,367.00p
08:14 59 @ 1,367.00p

TGA Key Personnel

Chair Sango Siviwe Ntsaluba
CEO July Ndlovu
CFO Gideon Frederick

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