Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

4,916.00p
   
  • Change Today:
    -88.00p
  • 52 Week High: 5,891.00p
  • 52 Week Low: 4,559.00p
  • Currency: UK Pounds
  • Shares Issued: 1,252.59m
  • Volume: 1,761,474
  • Market Cap: £61,577m
  • RiskGrade: 142

Rio Tinto holds guidance despite lower Q1 iron ore production

By Frank Prenesti

Date: Wednesday 17 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Mining giant Rio Tinto on Wednesday held annual production guidance, despite a sharp fall in first-quarter iron ore shipments and production.
Iron ore production from Western Australia Pilbara assets fell 11% quarter on quarter to 78 million tonnes. Shipments were down 5% year on year to 78 million tonnes, and were 10% behind the fourth quarter. Rio cited weather disruptions leading to a lower stock drawdown compared to last year as the cause.

Rio Tinto still expects Pilbara shipments to be in a range of 323 million - 338 million tonnes.

"We delivered stable operating results in the first quarter, including improvements at our bauxite and aluminium businesses, as we navigated seasonal challenges across our global operations. Our full year guidance is unchanged across all our products," said chief executive Jakob Stausholm.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 4,916.00p
Change Today -88.00p
% Change -1.76 %
52 Week High 5,891.00p
52 Week Low 4,559.00p
Volume 1,761,474
Shares Issued 1,252.59m
Market Cap £61,577m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.51% above the market average82.51% above the market average82.51% above the market average82.51% above the market average82.51% above the market average
69.47% above the sector average69.47% above the sector average69.47% above the sector average69.47% above the sector average69.47% above the sector average
Price Trend
18.59% below the market average18.59% below the market average18.59% below the market average18.59% below the market average18.59% below the market average
17.99% above the sector average17.99% above the sector average17.99% above the sector average17.99% above the sector average17.99% above the sector average
Income
93.15% above the market average93.15% above the market average93.15% above the market average93.15% above the market average93.15% 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
88.83% below the market average88.83% below the market average88.83% below the market average88.83% below the market average88.83% below the market average
66.1% below the sector average66.1% below the sector average66.1% below the sector average66.1% below the sector average66.1% below the sector average

What The Brokers Say

Strong Buy 5
Buy 8
Neutral 7
Sell 1
Strong Sell 0
Total 21
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 19-Jul-2024

Time Volume / Share Price
16:21 3 @ 4,914.00p
16:11 1 @ 4,912.00p
16:17 0 @ 4,914.50p
16:14 0 @ 4,910.00p
15:34 0 @ 4,904.50p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

Top of Page