“The pandemic presents an unprecedented challenge for Rio Tinto and for society as a whole.”. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. It is also involved in the alumina production; primary aluminum smelting; bauxite mining; alumina refining; and ilmenite, rutile, and zircon mining, as well as provision of gypsum. Follow Peter Arendas and get email alerts. Payable Sept. 21; for shareholders of record Aug. 11; ex-div Aug. 9. Also the diamond production guidance will be most probably beaten. Receive News & Ratings for Rio Tinto Group (RIO.L) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group (RIO.L) and related companies with MarketBeat.com's FREE daily email newsletter. Source: own processing, using data of TradingEconomics. I am not receiving compensation for it (other than from Seeking Alpha). Several miners, including Rio Tinto, have taken steps to support the regions in which they operate through the coronavirus crisis, leveraging the financial and supply chain tools at their disposal to offer funding, order personal protection equipment and invest in key medical equipment including ventilators. A number of brokerages recently weighed in on RIO. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. Home Rio Tinto declares interim ordinary dividend of $2.5 billion. Rio Tinto Group (RIO.L) earned a news sentiment score of -2.00 on their scale. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. Payable April 12; for shareholders of record March 2; ex-div March 1. Speaking to investors over a conference call this week, chairman of the Anglo-Australian miner Simon Thompson said the strength of its iron ore portfolio had been key to the decision to proceed with the payment, due on April 16 and representing $2.31 per share. The uranium production increased to 735,000 lb. Jefferies Financial Group set a GBX 5,400 ($70.55) price objective on Rio Tinto Group (RIO.L) and gave the stock a “buy” rating in a research note on Friday, September 11th. The iron ore sales declined by 6% quarter-over-quarter, due to significant planned maintenance activities at the port, but this should be only a temporary issue. Please be aware of the risks associated with these stocks. However, Rio Tinto's only uranium-producing operation, the Ranger mine, controlled via an 86.33% equity interest in Energy Resources of Australia (OTCPK:EGRAF), processes only stockpiles. Trading Ideas. The chart below shows the 9M 2020 production, the 2020 production guidance intervals, and two alternatives of 2020 production targets. Posted by ABMN Staff on Oct 14th, 2020 // No Comments. The role of a digital twin at Ireland’s ageing pumped storage power plant, ConocoPhillips to acquire US shale-patch rival Concho Resources. Rio Tinto have announced a 19% increase in their dividend Rio Tinto has announced returns … The aluminium price increased by 13% during Q3. Payout History. Dividend articles featuring Rio Tinto (RIO): 2020-03-12 Good News: 45 Equities Boosted Dividends Despite Price Plunges March 9 2020-03-07 5 Safe And Cheap Dividend Stocks To Invest (March 2020) China this month said its economy grew 3.2% Y/Y in Q2, as authorities aggressively battled the coronavirus, and steel capacity utilization rates in the country have improved. Due to this change if you are seeing this message for the first time please make sure you reset your password using the Forgot your password Link. The near-term technical picture doesn't look good, a decline to the support level at $55 looks probable, which may present a buying opportunity. Of course, the main assumption is that no major production disruptions will occur in Q4. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. And another negative sign is that the share price is standing at $60, an important psychological and technical support level. Hasn't yet decided whether to invest another $5B on the iron ore division; will make it at the year-end. This was the lowest quarterly copper production volume recorded over the last three years. Decreased by KeyCorp, FY2020 EPS Estimates for Altagas Ltd Increased by National Bank Financial. The iron ore price increased by 18%. Payout Estimate. It spent the first half of Q2 around $1,500/t but it stood at $1,620/t as of the end of June. How could the US presidential election impact the oil and gas industry? Rio Tinto hikes dividend as H1 headline earnings top estimates, H1 underlying earnings fell 4% Y/Y to $4.75B, Rio Tinto declares $1.51/ADS interim dividend, Rio Tinto declares final dividend of $1.80 dividend. Rio Tinto Group (RIO.L) presently has a consensus rating of “Hold” and a consensus target price of GBX 4,789.23 ($62.57). Net profit -71% to $1.72B, due to $1.85B paper loss that from the effect of forex fluctuations on the value of the company's debt. If the current metals prices prevail, and there are no major production disruptions in Q4, Rio Tinto should record robust H2 2020 financial results. Results also include a $340M charge related to the pit wall slide at the Bingham Canyon copper mine in the U.S. The iron ore production increased to 73.707 million tonnes, which is the third-highest quarterly production volume recorded over the last three years. Scraps sale of Australasian aluminum assets, due to the market environment. We use them to give you the best experience. Global miner Rio Tinto will go ahead with its $3.7 billion dividend payment this month, its chairman told shareholders on Wednesday, as a weaker global economy forces some of its … Payable April 18; for shareholders of record March 8; ex-div Feb. 7. HubSpot Inc (NYSE:HUBS) Given Consensus Recommendation of “Buy” by Analysts, Critical News Coverage Extremely Likely to Affect Rio Tinto (NYSE:RIO) Stock Price. The iron ore operations remain strong, but Rio Tinto's copper and aluminium operations are doing relatively good as well. This all indicates that Rio Tinto is primed for very good H2 2020 financial results. Source: own processing, using data of Rio Tinto. I am not receiving compensation for it (other than from Seeking Alpha). The decline is attributable especially to the Kennecott operations, where the lower copper feed grades resulted in a 5% copper production decline compared to Q2 and even 40% decline compared to Q3 2019. Payable Sept. 21; for shareholders of record Aug. 11; ex-div Aug. 9. Moreover, the metals prices improved notably during Q3. The production of borates declined by 6.3% quarter-over-quarter and by 10.8% year-over-year. The volume of refined copper remains low, as the major maintenance of the Kennecott refinery took longer than expected and the impacts of the anti-pandemic measures were still felt at Escondida. DA Davidson Analysts Increase Earnings Estimates for NCR Co. The salt production declined to 1.279 million tonnes, or by 10.2% compared to Q2 and by 8.1% compared to Q3 2019. Rio Tinto’s key Oyu Tolgoi copper and gold project in Mongolia has been affected, with the firm saying last month that development of the operation – already beset by delays and spiralling costs – would be “slowed” due to the coronavirus outbreak. The growth continued also throughout July, before starting its sideways move in the $1,750-1,800/t range that lasted for the remainder of Q3. While it ended the Q2 at $2.7/lb, it spent the first half of Q3 around $2.9/lb and the second half of Q3 around $3/lb. InfoTrie also gave media stories about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days. However, for these, we will have to wait until February 17. Rio Tinto's titanium dioxide slag production increased by 11.7%, to 292,979 tonnes. However, compared to Q3 2020, bauxite production increased by 4.8%. Company Profile. Rio Tinto releases its financial results on a semi-annual basis, so there is still a lot of time to go. The reason is the major maintenance at the Kennecott refinery. Although the Q3 operational results were not bad, especially given the current situation, the prospects of the near term development of Rio Tinto's share price don't look too optimistic. Barclays set a GBX 4,000 ($52.26) price objective on Rio Tinto Group (RIO.L) and gave the stock a “neutral” rating in a research note on Wednesday, September 16th. It means an 11.7% improvement compared to the previous quarter. Payable April 16; for shareholders of record March 9; ex-div March 6. New. The mining firm also revealed that it paid $7.6bn in taxes and royalties globally in 2019 as part of its annual tax disclosure report. Media stories about Rio Tinto Group (RIO.L) (LON:RIO) have trended negative this week, InfoTrie Sentiment Analysis reports. The 10-day moving average crossed the 50-day one to the downside earlier this month, moreover, the share price is situated below both the moving averages right now. Issued By B.Riley Securit (NYSE:BFS), Analysts Issue Forecasts for Booking Holdings Inc.’s Q3 2020 Earnings (NASDAQ:BKNG), Cedar Realty Trust, Inc. (NYSE:CDR) Expected to Earn Q3 2020 Earnings of $0.09 Per Share, Analysts Offer Predictions for Clean Harbors, Inc.’s Q3 2020 Earnings (NYSE:CLH), KeyCorp Weighs in on CenterPoint Energy, Inc.’s Q3 2020 Earnings (NYSE:CNP), Brokers Issue Forecasts for Neurocrine Biosciences, Inc.’s Q3 2020 Earnings (NASDAQ:NBIX), Q3 2020 Earnings Forecast for Halliburton (NYSE:HAL) Issued By Capital One Financial, Truist Securiti Comments on Ingevity Co.’s Q3 2020 Earnings (NYSE:NGVT), Q3 2020 EPS Estimates for Opko Health Inc. 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