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 (LSE:RIO, ASX:RIO, OTC:RTNTF) is evaluating strategic options for its titanium business, including a potential sale, amid persistently weak global prices and falling returns, sources familiar with the matter told Reuters. The review comes as incoming CEO Simon Trott prepares to take over next month, with expectations he will sharpen Rio's focus on core assets such as iron ore, copper, lithium, and aluminum.
Over the past year, Rio Tinto (NYSE: RIO) shares have mostly remained stagnant, appreciating just 1% over this period. In contrast, the S&P 500 index has risen by 14% during the same timeframe.
Rio Tinto is a diversified iron miner with strong financials, healthy margins, and a robust balance sheet and yield, making it attractive for dividend-focused investors. The company offers a compelling ~6.5% dividend yield, supported by a flexible payout policy ideal for commodity cycles and long-term income portfolios. Growth opportunities lie in expanding copper and lithium production, positioning Rio Tinto for future trends requiring these metals, like EVs, data centers and energy infrastructure needs.
It certainly hasn't spooked the livestock. Then again, nobody's setting off the flares and fireworks as Rio Tinto Ltd's (LSE:RIO, ASX:RIO, OTC:RTNTF) opted to appoint an insider to the top job.
A quiet summer? Not for the UK's big mining names.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is reportedly nearing the appointment of a new chief executive officer, with a decision expected later this month following final candidate presentations in London. Chair Dominic Barton is prioritising candidates who are open to major merger and acquisition opportunities and focused on improving internal cost discipline, according to a Reuters report citing sources familiar with the search process.
RIO commits $800M to the Hope Downs 2 project in Pilbara, targeting 31Mtpa output and 1,000 long-term jobs by 2027.
RIO's NeoSmelt venture wins ARENA backing for a pilot plant aiming to slash steelmaking emissions by up to 80%.
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?
Jefferies has downgraded Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) to 'Hold' from 'Buy', citing emerging headwinds including CEO succession uncertainty, increasing geopolitical risks, and concerns over rising capital intensity in the company's lithium investments. “Of the major diversified miners in our coverage, we prefer Glencore, Anglo American and Vale over Rio and BHP,” Jefferies wrote in a note.
Rio Tinto has agreed to a new management plan with a local indigenous group that covers its iron-ore operations in an area of Australia's Pilbara region where it destroyed two ancient rock shelters five years ago.