Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,442.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 5,891.00p
  • 52 Week Low: 4,559.00p
  • Currency: UK Pounds
  • Shares Issued: 1,252.57m
  • Volume: 3,847,704
  • Market Cap: £68,165m
  • RiskGrade: 142
  • Beta: 0.00

Berenberg cuts Rio Tinto target price after Q2 operational review

By Alexander Bueso

Date: Thursday 20 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg trimmed their price target for shares of Rio Tinto on the back of the mining group's operational review for the second quarter.
On the production side of things, they noted the slightly lower-than-expected iron ore shipments from Pilbara and mined copper from Kennecott versus their estimates.

Bauxite output from Weipa missed its estimates, as did production of alumina, of aluminum and that from Iron ore Company of Canada.

Regarding the miner's guidance, the analysts highlighted the company's $710m of spend on Exploration and Evaluation, against their estimates for $300m.

Their target price as cut from 6,400.0p to 6,000p, but their recommendation for the shares was kept at 'buy'.



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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 5,442.00p
Change Today 16.00p
% Change 0.29 %
52 Week High 5,891.00p
52 Week Low 4,559.00p
Volume 3,847,704
Shares Issued 1,252.57m
Market Cap £68,165m
Beta 0.00
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.22% above the market average65.22% above the market average65.22% above the market average65.22% above the market average65.22% above the market average
22.39% above the sector average22.39% above the sector average22.39% above the sector average22.39% above the sector average22.39% above the sector average
Price Trend
30.41% above the market average30.41% above the market average30.41% above the market average30.41% above the market average30.41% above the market average
51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average
Income
88.19% above the market average88.19% above the market average88.19% above the market average88.19% above the market average88.19% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
88.06% below the market average88.06% below the market average88.06% below the market average88.06% below the market average88.06% below the market average
68.25% below the sector average68.25% below the sector average68.25% below the sector average68.25% below the sector average68.25% below the sector average

What The Brokers Say

Strong Buy 6
Buy 7
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 02-May-2024

Time Volume / Share Price
13:37 571,307 @ 5,435.00p
13:38 571,307 @ 5,435.00p
16:20 0 @ 5,430.00p
16:03 0 @ 5,440.00p
16:03 0 @ 5,440.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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