Tuesday, 23 October, 2018

Rio Tinto full-year profit jumps 69 pct; announces $1 bln buyback

Rio Tinto plc (RIO) Receives Consensus Rating of “Buy” from Analysts The Rio Tinto plc (RIO) Given a GBX 4000 Price Target by BNP Paribas Analysts
Cristina Norman | 09 February, 2018, 07:07

Analysts were similarly positive about Rio Tinto's final results. HSBC has "Hold" rating and GBX 2690 target. (NYSE:THG) has "Underperform" rating given on Thursday, January 12 by Keefe Bruyette & Woods. Liberum Capital maintained it with "Sell" rating and GBX 1490 target in Thursday, July 14 report. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them.

The target payout ratio for Rio Tinto plc is now measuring at, outlining what size the company's dividends should be. J P Morgan Chase & Co raised their price target on Rio Tinto plc from GBX 4,000 ($51.66) to GBX 4,100 ($52.95) and gave the stock an "overweight" rating in a research report on Tuesday. Naples Global Advisors LLC now owns 36,680 shares of the mining company's stock worth $1,941,000 after acquiring an additional 7,815 shares during the last quarter. About 1.15 million shares traded. It has underperformed by 16.70% the S&P500. As per Friday, July 15, the company rating was maintained by Jefferies. The company has a market cap of $102.07 Billion.

Rio Tinto's biggest single business is the production of iron ore. It has a 10.99 P/E ratio. The Company's products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company.

Shares in Rio closed 3.82 percent higher at Aus$78.31 in Sydney ahead of the results, in a rising market. GBX 3385.35's average target is -10.19% below currents GBX 3769.5 stock price. Credit Suisse Group restated an "outperform" rating and issued a GBX 4,300 ($60.29) price objective on shares of Rio Tinto in a report on Wednesday, November 15th.

Looking to 2018, it seems Rio is looking at another bumper year. Deutsche Bank maintained the shares of RIO in report on Monday, April 25 with "Buy" rating. They now have a GBX 2750.00 price target on the firm.

All eyes will now be on BHP Billiton Limited's (ASX: BHP) half year result on February 20, as I suspect the world's biggest miner will deliver more surprises than Rio Tinto in terms of capital returns. The firm has "Outperform" rating given on Friday, May 12 by Macquarie Research.

It had forecast capital expenditure of about $5.5-billion this year and a rise to $6-billion in 2019 and 2020. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workersÂ' compensation, specialty property, inland marine, management and professional liability, and surety, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

The stock decreased 3.33% or $0.91 during the last trading session, reaching $26.42. The ASX 200 also climbed, but by a much lower 0.75% (It had been up well over 1.1% in early trading).

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