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

60.99

Mkt cap

104B

Volume

High

61.30

P/E Ratio

9.27

52-wk high

75.09

Low

60.73

Div yield

0.07

52-wk low

59.35

Metals and materials stocks are trading higher after China decreased reserve requirements, which could potentially boost demand.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:18 pm

Rio Tinto's shares are experiencing an upward trend due to a rebound in iron ore prices.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 2:48 pm

Shares of metals and materials stocks are trading lower due to overall macro concerns on rate hike fears. Companies like AA, BHP, RIO, and VALE are mentioned.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 7:39 pm

The rise of lab-grown diamonds is negatively impacting the natural diamond market, with Rio Tinto's stock generating lower highs. Adamas One Corp, a lab-grown diamond company, is suggested as a promising investment due to the increasing popularity and ethical appeal of lab-grown diamonds.

Portfolio Pulse from Thrash Capital

September 07, 2023 | 6:51 pm

The article lists five energy stocks that are considered overbought and may decline in the short term. These include Profire Energy, Inc. (PFIE), Uranium Energy Corp. (UEC), Helix Energy Solutions Group, Inc. (HLX), Targa Resources Corp. (TRGP), and SFL Corporation Ltd. (SFL). The Relative Strength Index (RSI) values for these stocks are above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 12:53 pm

Uranium Energy Corp (UEC) has completed the acquisition of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada from Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto PLC (RIO). The deal, worth C$1.5 million, includes a 60% equity stake in the Henday Lake joint venture, 100% of the Milliken project, and a 50% stake in the Carswell joint venture project. This acquisition adds 44,444 acres to UEC's existing portfolio and aligns with its strategy of expanding its footprint in Canada.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 2:59 pm

Uranium Energy Corp (UEC) has acquired a portfolio of Canadian Uranium exploration projects in Saskatchewan's Athabasca Basin from Rio Tinto Exploration Canada Inc. (RIO) for C$1.5M.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 10:58 am

Shares of metals companies are trading higher due to China's indication that it would meet its economic growth targets. This has positively impacted the stocks of FCX, STLD, TECK, and X.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 6:07 pm

Rio Tinto (NYSE:RIO) has outperformed the market over the past 20 years, producing an average annual return of 19.14%. If an investor had bought $1000 of RIO stock 20 years ago, it would be worth $34,032.56 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:30 pm

Rio Tinto has agreed to acquire PanAmerican Silver's 57.74% stake in Agua de la Falda for $45 million and 100% of the Meridian Property for $550,000. Rio Tinto will also enter a joint venture with Codelco to explore and potentially develop Agua de la Falda's assets. The joint venture builds on a previous collaboration agreement between Rio Tinto and Codelco aimed at improving safety, productivity, and ESG outcomes.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 7:50 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.