High Expectations For Rio Tinto Cash Flow
Record iron ore prices mean strong cash flow and dividends are anticipated from Rio Tinto, outweighing a difficult quarterly production outcome.
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RIO – Morgans rates the stock as Hold
The broker maintains its Hold rating and lowers its target price to $120 from $121.
Read MoreElements, Circumstances Undermine Rio
Rio Tinto’s June quarter was a forgettable one to say the very least, with climactic and operational challenges causing them no end of problems and jeopardising hopes of profit growth for the full year.
Read MoreMaterial Matters: Metals, Oil & OPEC
A glance through the latest expert views and predictions about commodities: steel, Russian base metals, oil & OPEC, and green aluminium.
Read MoreAll Aboard the Commodities Express
Resource stocks surged on the ASX in Monday trading with some of the majors and the broader market reaching new highs thanks to record iron ore and copper prices.
Read MoreRio Sees Solid Quarterly Lift in Ore Shipments
Rio Tinto lifted its shipments of iron ore during the March quarter, thanks to solid demand from China and recovering demand from Japan, South Korea and other markets.
Read MoreRIO – UBS rates the stock as Neutral
UBS maintains its Neutral rating on Rio Tinto but slashes the target to $104 from $126.
Read MoreRio Ahead of the Curve on Climate Change
Did Rio Tinto spot this major change coming from the SEC that will force every energy company in the world to take climate change issues far more seriously?
Read MoreMore Heads Roll at Rio from Juukan Fallout
Further casualties at Rio Tinto from its appalling handling of the 46,000-year-old Juukan Gorge rock shelters that saw the CEO and other senior managers depart last year.
Read MoreRio Announces Biggest Profit in a Decade
Mining giant Rio Tinto reported a better-than-expected 20% rise in underlying profit for the year to December 31 and said it would pay record total dividends of $US5.57 a share.
Read MoreRIO – UBS rates the stock as Neutral
Rio Tinto finished 2020 in line with its guidance and ahead of UBS’s estimates with total iron ore shipments at 330.6mt. A final dividend of US$3.70 per share is forecast. The Neutral rating and target price of $115 are unchanged.
Read MoreCost Cutting on the Cards as Rio Announces Flat Projections
2021 is going to be a year of marking time for Rio Tinto with targets for the coming year little changed from 2020, which likely means they will be looking to cost cutting and price gains to drive earnings growth.
Read MoreRIO – Macquarie rates the stock as Outperform
Macquarie has marked to market December quarter commodity prices and foreign exchange rates and remains positive on copper exposure going into 2021. for Rio Tinto, the major driver for the diversified miner remains buoyant iron ore prices. The Outperform rating and target of $127 are unchanged.
Read MoreAll Eyes on BHP, Rio Production Numbers
A big week for the local market – not for the earnings results – but for the production and sales data from two of the world’s mining majors and iron ore giants – Rio Tinto and BHP.
Read MoreGolden Run For Iron Ore Price Rolls On
Strong demand from Chinese steel mills and renewed supply concerns about Brazil saw iron ore prices urge to new highs on Monday.
Read MoreIron Ore Price Rips Higher Even As Cyclone Threat Dissipates
The iron ore price so far in December is up 21.65% and looks very much in a boom and that will, if past history is any guide, end in tears and a big slide. The sharp rise in prices has triggered a moan from China’s steel industry.
Read MoreCyclone Threat Whips Up Iron Ore Price Further
Global iron ore prices surged to new multi-year highs well above $US150 a tonne on Thursday after a tropical low in the Indian Ocean triggered moves to clear Port Hedland of vessels and send them to sea.
Read MoreIron Ore Runs Hot As Miners Rally To Records
Another surge in iron ore prices Wednesday saw new multi-year highs reached. Global iron ore prices topped $US150 a tonne for 62% Fe fines for the first time in nearly 8 years on Wednesday, while the price of 65% high-grade ore went well over $US162 a tonne.
Read MoreIron Ore Rally Rolls On Despite Dip In China Imports
Global iron ore prices rose again on Monday, hitting new multi-year highs, despite another fall in import volumes into China in November.
Read MoreIron Ore Price Eyes $150 As Rally Powers On
Iron ore prices are up 56% in the year to date – compared with around 24% for copper – its 2020’s best performing commodity and incoming supplies remain tight while steel output continues to rise on strong infrastructure demand.
Read MoreLocal Iron Ore Miners Rally On Latest Vale Production Cuts
As predicted in yesterday’s edition, Wednesday’s surge in world iron ore prices to seven-year highs saw the prices of Australia’s major miners jump sharply on Thursday.
Read MoreNew Vale Cuts Push Iron Ore Above 2013 Highs
Iron ore prices have hit new seven-year highs on emerging fears of a shortage in early 2020. The fears were sparked by the surprise move by big Brazilian exporter, Vale, to trim its 2020 production estimate for a third time this year and set a smaller than expected first estimate for 2021 output.
Read MoreIs The Sharemarket Correctly Pricing In Fundamentals?
Anton Tagliaferro and Daniel Moore analyse the fundamentals of Amcor, Brambles and Orica and seek to provide an objective insight into the ‘blue sky’ being factored into Afterpay’s share price.
Read MoreVale Iron Ore Rebound Threatens Local Miners
A remarkable 31% lift in iron ore fines production by Vale, the huge Brazilian miner, has signalled what could be the start of a downturn in global iron ore prices in 2021. In fact, if Vale continues boosting supply this quarter, pressure on prices will emerge in November and December.
Read MoreDelays, Missteps Jolt Confidence In Rio Tinto
Delays stemming from the pandemic amid ebbing demand conditions confront Rio Tinto, while there is also work to do to improve perceptions about its cultural sensitivity.
Read MoreRIO – Macquarie rates the stock as Outperform
The departure of certain executives is, in Macquarie’s view, a key step in regaining stakeholder trust after the Juukan Gorge incident. A search for a replacement to the outgoing CEO is the catalyst for the stock in the short term.
Read MoreRio Tinto Cleans Out Executive Ranks Over Cave Destruction
Rio Tinto has surprised the market with news of an executive cleanout. CEO, Jean-Sébastien Jacques, and two other senior executives are set to leave the mining giant over the decision to blow up a 46,000-year-old Aboriginal sacred site in the company’s iron ore tenements in WA’s Pilbara.
Read MoreAugust Iron Ore Exports Rebound, But Still Well Off June Highs
Iron ore exports to China recovered in August, but were still far short of the record 46.2 million tonnes shipped from Port Hedland in June, the Pilbara Ports Authority reported on Tuesday.
Read MorePort Hedland Iron Ore Exports Post Mystery Slump In July
July’s slump in Australian iron ore exports to China from the world’s largest export port at Port Hedland has passed without too much comment, so was it a one-off or was it something deeper?
Read MoreAnalysts Downgrade Monadelphous As Rio Tinto Makes $493m Damages Claim
Shares in Perth-based mining services company Monadelphous have dropped to a four-year low as broking analysts cut their ratings on the stock in the wake of news of a $493 million damages suit from Rio Tinto.
Read MoreRio Tinto Launches Legal Action Against Monadelphous
Shares in Perth-based engineering company Monadelphous Group dropped more than 10% on Monday after news broke that it was being sued by Rio Tinto over a fire at one of Rio’s iron ore export terminals at Cape Lambert in the Pilbara.
Read MoreResilient Iron Ore Price Helps Rio Navigate “Challenging” Half
Rio Tinto has lifted its mid-year dividend payout despite a 20% fall in net profit with the company now more hostage to iron ore than at any other time in its history.
Read MoreRio Tinto Reveals More Detail On Winu Copper-Gold Resource
Rio Tinto has finally given investors an idea of the size and grade of its huge Winu copper-gold deposit in WA’s Eastern Pilbara and reckons it can get a mine underway by 2023.
Read MoreRIO – UBS rates the stock as Neutral
Rio Tinto will be releasing its 2020 interim financial results on July 29. UBS expects earnings to decline -6% year on year driven by declining commodity prices.
Read MoreRIO – UBS rates the stock as Neutral
Rio Tinto reported Q2 iron ore shipments slightly of 86.7Mt, slightly below UBS forecasts. However, mined copper exceeded forecasts due to record throughput at Escondida. Aluminum and Alumina production were 1.2% below the broker forecast.
Read MoreSolid Half Puts Rio Tinto On Track To Meet Iron Ore Guidance
Shares in Rio Tinto have edged higher after it revealed a solid quarterly and half-year performance for its key Pilbara iron ore business.
Read MorePilbara Ports Post More Iron Ore Records
Iron ore exports hit record levels in the June quarter and in the year to June, according to figures from the Pilbara Ports Authority. That performance helped total iron ore exports for the year to June from the two major ports – Port Hedland and Dampier jump 3% to a record 717.3 million tonnes.
Read MorePower Problems See Rio Tinto Close Kiwi Aluminium Smelter
Rio Tinto surprised yesterday by revealing – in the midst of a recession – that it will close its ageing New Zealand aluminium smelter with the loss of 1,300 direct jobs and thousands more in other sectors.
Read MoreIron Ore Likely To Remain Resilient: Ausbil
The gradual recovery in global economies coupled with curtailed supply are likely to be supportive of Australia’s iron ore prices in the coming months, writes Luke Smith, Portfolio Manager for Ausbil Investment Management.
Read MoreEarnings Season A Covid-19 Casualty, But Miners To Benefit
As we move toward the close of a stunning financial year (for most companies), the sharemarket is bracing for a shocking reporting season. James Dunn takes a closer look at what we can expect.
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