Streetbeat News

RIO

Rio Tinto Group

https://www.riotinto.com

Industry

Industrial Materials

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.

Open

64.49

Mkt cap

110B

Volume

2.1M

High

64.49

P/E Ratio

8.99

52-wk high

74.24

Low

63.27

Div yield

0.07

52-wk low

57.85

Rio Tinto's financial performance in 2024 was weak, with declines in sales revenue and EPS. The outlook for 2025 remains negative due to continued challenges with iron ore prices and production, potentially leading to further dividend cuts.

Portfolio Pulse from

February 23, 2025 | 1:30 pm

Rio Tinto's shares fell 1.5% after reporting its lowest full-year earnings in five years, with underlying earnings of $10.87 billion for 2024, down from $11.76 billion the previous year. The company also rejected calls to consolidate its dual-listed structure in Sydney.

Portfolio Pulse from

February 20, 2025 | 8:45 am

Rio Tinto reported strong financial results with an underlying EBITDA of $23.3 billion, despite a decrease in iron ore prices. The company generated $15.6 billion in net cash from operations and announced a $6.5 billion dividend payout.

Portfolio Pulse from

February 19, 2025 | 6:30 pm

Rio Tinto announced upcoming changes to its Board of Directors, indicating a transition from a peak of 14 directors to a smaller board as newer directors become familiar with the company.

Portfolio Pulse from

February 19, 2025 | 6:30 pm

Mitsui & Co is acquiring a 40% stake in the Rhodes Ridge iron ore project in Western Australia for $5.34 billion. The project is operated by Rio Tinto and is one of the largest untapped iron ore deposits globally.

Portfolio Pulse from

February 19, 2025 | 8:30 am

UBS warns that Rio Tinto may lower its 2025 iron ore shipment forecast due to disruptions from storms and flooding in Western Australia, with shipments dropping 9 million tonnes year-on-year.

Portfolio Pulse from

February 18, 2025 | 12:30 pm

Wall Street analysts are optimistic about Rio Tinto (RIO), which may influence investor decisions. Analyst ratings can impact stock prices, but their significance is debated.

Portfolio Pulse from

February 13, 2025 | 3:45 pm

Rio Tinto has donated A$750,000 to support flood relief efforts in North Queensland, aiding organizations like the Queensland Royal Flying Doctors Service and the Queensland Red Cross.

Portfolio Pulse from

February 12, 2025 | 1:15 am

Rio Tinto's U.S. Borax division has donated $600,000 to support relief efforts for communities affected by the Los Angeles wildfires. The donation will be split equally among the Kern County Fire Department, Los Angeles Fire Department Foundation, and the Los Angeles Regional Food Bank.

Portfolio Pulse from

February 07, 2025 | 4:15 pm

Rio2 Limited has officially started construction of its Fenix Gold Mine in the Atacama Region, marking a significant milestone for the company.

Portfolio Pulse from

February 07, 2025 | 1:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.