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 stocks are trading lower due to overall market uncertainty. The stocks mentioned include CLF, RIO, SCCO, and STLD.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:45 pm

Rio Tinto PLC (NYSE:RIO) reported a 1% decrease in Q3 FY23 Pilbara iron ore production to 83.5 million tonnes (Mt), while shipments increased by 1% to 83.9 Mt. The company expects full-year shipments to be in the upper half of the guidance range of 320 to 335 million tonnes. Bauxite production rose 2% to 13.9 Mt and aluminium production increased 9% to 0.8 million tonnes. The company also announced agreements to take a leading position in recycled aluminium in North America and a joint venture with Codelco for copper exploration in Chile. RIO shares are trading lower by 1.28% at $63.32 premarket.

Portfolio Pulse from Lekha Gupta

October 17, 2023 | 10:51 am

Rio Tinto's Q3 Pilbara iron ore shipments have increased by 1% while the production of Pilbara iron ore has declined by 1% year over year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 9:40 pm

McEwen Copper, a subsidiary of McEwen Mining Inc. (NYSE:MUX), has announced a binding agreement for an additional $10 million investment by Nuton LLC, a Rio Tinto Venture. The investment will be used to advance the development of the Los Azules copper project in Argentina and for general corporate purposes. After the transaction, Nuton will own 14.5% of McEwen Copper and McEwen Mining will own 47.7%.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:17 pm

UBS analyst Myles Allsop has upgraded Rio Tinto (NYSE:RIO) from Sell to Neutral.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:47 am

A large investor has taken a bullish stance on Rio Tinto (NYSE:RIO), with 10 options trades spotted for the company. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options include 9 puts totaling $908,408 and 1 call totaling $70,300. The targeted price range for Rio Tinto over the last 3 months is from $54.38 to $72.5. The current price of RIO is down -1.88% at $61.52.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:31 pm

A significant bearish stance has been taken on Rio Tinto (NYSE:RIO) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $52.5 to $70.0 for Rio Tinto over the last 3 months. The price of RIO is currently down -0.23% at $61.87.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 5:46 pm

Rio Tinto's shares are experiencing a decline due to a decrease in iron ore prices.

Portfolio Pulse from Bill Haddad

September 25, 2023 | 2:46 pm

A significant amount of unusual options activity has been detected for Rio Tinto (NYSE:RIO), with a bearish stance being taken by a majority of investors. Of the 16 strange trades detected, 62% were bearish and 37% were bullish. The total amount for the 4 puts was $131,090 and for the 12 calls was $646,626. Whales have been targeting a price range from $64.38 to $80.0 for Rio Tinto over the last 3 months. The current price of RIO is up 1.18% at $66.18.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 5:33 pm

European stocks rallied following the European Central Bank's (ECB) announcement of a potential end to its interest rate hiking cycle. The ECB also revised down its estimates for inflation and growth. This news led to a surge in European indices, including the Euro Stoxx 50, UK FTSE 100, Italy's FTSE MIB, French CAC 40, and Germany DAX 30. Positive economic news from the US and China further boosted European stocks, particularly in the luxury and banking sectors.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 4:50 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.