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Rio Tinto (RIO-N)
NYSE:RIO
62.91
0.01
(0.02%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 4 opinions in the last 12 months.
Despite concerns about China's economy, experts believe that Rio Tinto (RIO-N) is a strong company with a lot of free cash, a reasonable development pipeline, and a great iron and copper business. It is considered to be a low-cost leader in the iron ore space, with strong copper assets and a high dividend payout. The stock is currently trading at a discount and is seen as undervalued due to its high dividend yield and growth potential. Overall, Rio Tinto is viewed as having good assets in a lower-cost jurisdiction with strong potential for future returns.
$69.465
Owned
Low-cost leader in the iron ore space, with copper assets and a nice distribution.
It's trading as if iron ore were at $60, so the stock is overly discounted. Pays a huge 7.2% dividend, which pays you a lot alone. Upside is ahead.
Mainly iron ore, but also copper. Good assets in a lower cost jurisdiction. World-class. Variable dividend based on earnings. Tons of free cashflow. Looking to expand copper, a big growth driver for the next decade. Still cheap. Lots of years left for good returns in the sector.
A UK company, leveraged to the China reopening and shares are cheap.
It has pulled back recently so you could buy it here. He likes the dividend and its participation in commodity prices. We are in a commodity cycle.
Rio Tinto(RIO-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
Rio Tinto(RIO-N) Frequently Asked Questions
What is Rio Tinto stock symbol?
Rio Tinto is a American stock, trading under the symbol RIO-N on the New York Stock Exchange (RIO). It is usually referred to as NYSE:RIO or RIO-N
Is Rio Tinto a buy or a sell?
In the last year, 2 stock analysts published opinions about RIO-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Rio Tinto.
Is Rio Tinto a good investment or a top pick?
Rio Tinto was recommended as a Top Pick by on . Read the latest stock experts ratings for Rio Tinto.
Why is Rio Tinto stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Rio Tinto worth watching?
2 stock analysts on Stockchase covered Rio Tinto In the last year. It is a trending stock that is worth watching.
What is Rio Tinto stock price?
On 2024-09-18, Rio Tinto (RIO-N) stock closed at a price of $62.91.
Is struggling given perceived weakness of China's economy. He's owned this a long time and won't sell it. RIO generates a lot of free cash, has a reasonable development pipeline, a great iron business and a good copper business. But traders may see near-term weakness given China's outlook.