Analyst coverage is certainly one of the most important factors to consider when evaluating an investment. If a stock has suddenly garnered Wall Street's confidence, particularly after a period of underperformance, that's a pretty strong indicator that there's a solid reason as to why researchers have turned bullish.
Rio Tinto's bet to build the first big Western aluminum smelter in more than a decade in Québec's Saguenay-Lac-Saint-Jean region was somewhat of a gamble, even before Trump's latest 25% tariff took effect.
JPMorgan has turned bullish on mining stocks, naming London-listed giants Rio Tinto, Antofagasta and Fresnillo among its top picks as it upgraded the global sector to 'overweight' for the first time in over a year. The bank's equity strategists said they expect a rebound in metals prices and mining shares in the coming months, after a long stretch of underperformance.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is one of JPMorgan's top picks in the copper sector, as the investment bank doubled down on its bullish outlook for the red metal in 2025. In a fresh research note, analysts said they expect global copper supply to fall short of demand starting next year, with the deficit widening significantly by the end of the decade.
The world's second-biggest miner by market value wants to increase its investment in the U.S. after President Trump signed an executive order to streamline permitting processes and boost government financing for minerals projects.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Rio Tinto Ltd's (LSE:RIO, ASX:RIO) board has called for shareholders to vote against a resolution proposed by activist Palliser Capital for the company to give up its London listing. The activist investor last year called for a committee of independent directors and an external shareholder representative to assess whether unification into an Australian-domiciled holding company would be in the best interests of shareholders.
The Anglo-Australian mining giant unanimously recommended that shareholders vote against a resolution by an activist investor calling for an independent review of its dual-listed structure.
JP Morgan has resumed coverage of Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) with an upbeat assessment of the prospects for the mining major - encapsulated in its 'overweight' stance on the stock and its price target of 5,920p, implying a 20% upside. The investment bank now sees Rio as its top pick among European, Middle Eastern, and African diversified miners, citing strong growth prospects and an attractive valuation.
JPMorgan Chase has taken a 5.36% stake in Australia's mining conglomerate Rio Tinto , an exchange filing to the local bourse showed on Thursday.
Rio Tinto's diversified portfolio, including its recent lithium acquisition, aims to reduce reliance on iron ore amid fluctuating Chinese demand and market dynamics. Despite low valuation metrics, Rio Tinto boasts strong profitability with a 20.25% ROE and a 6.45% dividend yield, appealing to income investors. The $6.7B Arcadium Lithium acquisition positions Rio Tinto as a top lithium producer, leveraging low market prices for future growth.
A routine night shift ended in tragedy for Alseny Camara.