Rio Tinto says activist call to abandon London 'value destructive'
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.
Rio Tinto Board Recommends Investors Vote Against Call for Dual-Listing Review
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.
Rio Tinto boost as leading investment bank provides its seal of approval
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 scoops over 5% stake in mining major Rio Tinto
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 Has A Nice Blend Of Commodities At A Reasonable Price
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.
Insight: The fatal cost of Rio Tinto's flagship iron ore project
A routine night shift ended in tragedy for Alseny Camara.
Is It Worth Investing in Rio Tinto (RIO) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
RIO Moves Below 200-Day SMA Post FY24 Earnings: How to Play the Stock?
Rio Tinto shares plunge on delivering year-over-year declines in FY24 revenues and earnings. Let us analyze what stance investors should take on the stock.
Rio Tinto: Financial Weakness To Continue In 2025
Rio Tinto's 2024 performance was weak, with a 1% decline in sales revenue and an 8% drop in underlying EPS due to challenges with its chief commodity, iron ore. The financial outlook for 2025 isn't positive either, with projected declines in revenue and EPS, and continued weakness in iron ore prices and limited expected change to production. Dividends can drop again in 2025, though the forward yield still isn't too bad at 5.5%.
Rio Tinto off 1.5% after below-par results; rejects London de-listing calls
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) shares slipped 1.5% overnight after the miner reported its lowest full-year earnings in five years and pushed back against calls to consolidate its dual-listed structure in Sydney. The company posted underlying earnings of $10.87 billion for 2024, down from $11.76 billion the previous year and slightly below analyst forecasts.
Rio Tinto operated Aussie mine has new Japanese shareholder
Japan's Mitsui & Co is paying $5.34 billion for a 40% stake in the Rhodes Ridge iron ore project in Western Australia, operated by Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF). Rhodes Ridge is one of the world's largest untapped iron ore deposits, with 6.8 billion tonnes of mineral resources.
Will Rio Tinto cut its iron ore guidance? Here's why one investment bank thinks it will
UBS has warned that Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is likely to lower its 2025 iron ore shipment forecast after storms and flooding disrupted operations in Western Australia. The bank said Rio's shipments have dropped 9 million tonnes year-on-year, marking their lowest level in more than six years.
