Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,453.00p
   
  • Change Today:
      74.00p
  • 52 Week High: 5,891.00
  • 52 Week Low: 4,559.00
  • Currency: UK Pounds
  • Shares Issued: 1,252.50m
  • Volume: 1,689,551
  • Market Cap: £68,299m
  • RiskGrade: 142

Barclays upgrades Rio Tinto on improving iron ore outlook

By Benjamin Chiou

Date: Tuesday 24 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Barclays has upgraded mining group Rio Tinto from 'neutral' to 'overweight' after taking a more positive view on iron ore.


After a week spent in China, with over 20 meetings with local miners, traders, developers and economists, Barclays said the industry "remains resilient".

Rio Tinto is one of the world's leading producers of iron ore, operating 17 mines, four port terminals and a rail network in the Pilbara region of Western Australia.

"More pain looks set to come in the real estate market, but manufacturing has surprised to the upside. We become more positive on pig iron output into 2024, which can support iron ore prices," the bank said.

Barclays has kept its 6,300p target price unchanged for the stock, which up nearly 2% at 4,975p on Tuesday morning.

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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 5,453.00p
Change Today 74.00p
% Change 1.38 %
52 Week High 5,891.00
52 Week Low 4,559.00
Volume 1,689,551
Shares Issued 1,252.50m
Market Cap £68,299m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.61% above the market average78.61% above the market average78.61% above the market average78.61% above the market average78.61% above the market average
41.35% above the sector average41.35% above the sector average41.35% above the sector average41.35% above the sector average41.35% above the sector average
Price Trend
47.76% above the market average47.76% above the market average47.76% above the market average47.76% above the market average47.76% above the market average
72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average
Income
87.73% above the market average87.73% above the market average87.73% above the market average87.73% above the market average87.73% 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
87.8% below the market average87.8% below the market average87.8% below the market average87.8% below the market average87.8% below the market average
74.6% below the sector average74.6% below the sector average74.6% below the sector average74.6% below the sector average74.6% 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 26-Apr-2024

Time Volume / Share Price
16:35 1,078 @ 5,453.00p
16:35 800 @ 5,453.00p
16:35 302 @ 5,453.00p
16:35 1,298 @ 5,453.00p
16:35 900 @ 5,453.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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