Taseko Mines Limited NPV (DI) (TKO)

195.00p
   
  • Change Today:
      7.50p
  • 52 Week High: 235.00
  • 52 Week Low: 85.00
  • Currency: UK Pounds
  • Shares Issued: 278.11m
  • Volume: 0
  • Market Cap: £542.31m
  • RiskGrade: 306
  • Beta: 0.00

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.

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.

 

TKO Market Data

Currency UK Pounds
Share Price 195.00p
Change Today 7.50p
% Change 4.00 %
52 Week High 235.00
52 Week Low 85.00
Volume 0
Shares Issued 278.11m
Market Cap £542.31m
Beta 0.00
RiskGrade 306

TKO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 2
Buy 5
Neutral 1
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TKO Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

TKO Key Personnel

Chair Ronald W Thiessen

Top of Page