why is rio tinto share price dropping

Here’s why it’s worse than it looks. They Don’t Trust the Mail. This appears to have been driven by profit taking after a strong gain on Thursday. The post Why Dubber, New Hope, Pro Medicus, & Rio Tinto shares are dropping lower appeared first on Motley Fool Australia. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. As we now know, this turned out to be a farse. Even though Rio Tinto beat underlying earnings estimates and announced plans to return a record $3.5 billion to shareholders – the mining giant's share price still fell at the open, as renewed US-China trade concerns hit equities across the globe. Brendon’s passion for shares started by accident in 2003 and he has worked in various roles around capital markets ever since as a trader, stock analyst and markets reporter with the Australian Financial Review. (Note: actual quoted prices are subject to a short delay). This was a 5% decline on the second quarter and fell a touch short of expectations. The New Hope Corporation Limited (ASX: NHC) share price has fallen 3% to $1.19. Related: In this just released report, Matt Hibbard shows you his top five dividend picks for 2019. But the price of gold and silver are both prone to market swings, so having expert insight into these markets is invaluable. New Hope blamed uncertainty around approvals for its New Acland operation for the redundancies. The world’s population is continuing to grow, and people in the West have become accustomed to a standard of living that many emerging markets want to emulate. All advice is general in nature and has not taken into account your personal circumstances. No representation or warranty is given as to the accuracy or completeness of this information. See how you can find out the name of this stock. Yandicoogina mine, Pilbara, Australia. We do not provide personal advice neither will we arrange any product on your behalf. Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE! Cost blowout and delays . .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla {background: #fff7c4;} aside section .fool-ecap-id-19.fool-ecap-type-vanilla h3 {font-size: 1.6em;} p.ecap-disclaimer {font-size: 0.6em!important;}div.fool-ecap.fool-ecap-id-19 form {position: relative;text-align: center;margin: .2em 1em;}.fool-ecap.fool-ecap-id-19 p.ecap-disclaimer {margin-left: 0px;} .fool-ecap.fool-ecap-id-19 p.above-email{ margin-bottom: 0px;text-align:center;} div.fool-ecap.fool-ecap-id-19 p {color: #464646;}.fool-ecap-type-vanilla.fool-ecap-id-19 h3 {color: #404040;display: block !important;}.fool-ecap-type-vanilla.fool-ecap-id-19 .ecap-disclaimer{color: #484848 !important;}.fool-ecap-id-19.fool-ecap-type-vanilla h3.title{display:none !important;} .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla{ margin-bottom: 10px;}.fool-ecap-type-vanilla.fool-ecap-id-19 input[type="submit"] { margin: .5rem 0 .5rem !important;}.fool-ecap.fool-ecap-id-19 img {display: inline;}. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. Simply enter your email address below to discover how you can take advantage of this. Copper has also been doing well in this regard, but Rio had to cut its full-year refined copper guidance after reporting problems at a US mine. Join our flagship membership service, Share Advisor. However, looking forward into 2019, we expect that Australia’s biggest mining company will experience a production increase as it heads further toward asset growth. Our financial analysts bring you investment ideas that can help keep you ahead of the game and assist you in making profitable investment decisions now…and in the years to come. Underlying first-half earnings were also strong: coming in at $4.93 billion, beating average analyst estimates of $4.86 billion, according to Bloomberg Data. Australia underestimates Ardern … Is Myer a small business? Please consider the Margin Trading Product Disclosure Statement (. The Motley Fool has a disclosure policy. Get Started Investing This follows the release of its third quarter update. Geelong's recent record against Richmond is poor, so how can they turn it around on Saturday? The massive Mongolian project was initially costed at US$5.3 billion in 2015. But how do you know where to look? To find out more about the publications Ryan works on and how you can subscribe, please click on the corresponding link here: Your email address will not be published. Included in this is an interim dividend of 151 cents per share ($2.5 billion) and a special dividend of 61 cents per share ($1.0 billion). Ryan is also the Editor of Australian Small-Cap Investigator, a stock tipping newsletter that hunts down promising small-cap stocks by dissecting the latest events affecting the world. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*. Little wonder the Turquoise Hill share price collapsed by more than 70% in the last five years and leaving shareholders feeling peeved. Authorised by Scott Phillips. Go here to find out... Something the world will always need and consume is energy. Year-to-date, the Rio Tinto Ltd We may also publish information about consumer credit, loan, mortgage, insurance, savings and investment products and services, including those of our affiliate partners. There’s a lot of positive sentiment building around the long-term need for natural gas. Save my name, email, and website in this browser for the next time I comment. Because ‘Doc’ Mahanti believes this fast-growing company has all the hallmarks of genuine Moonshot potential, forget ‘buy now pay later’, this stock could be the next hot stock on the ASX. Rio Tinto Limited shares are down 3.5% to $78.77 at the time of writing off the back of its half-year results presentation and the announcement of a share buy-back programme.. ASX 200 flat: Rio Tinto Q3 update, big four banks higher, GUD impresses. The company advised that it will undergo a significant restructure, with up to 75% of the workforce at the corporate office to be made redundant by the end of November. CFDs are a leveraged product and can result in losses that exceed deposits. CFDs are a leveraged product and can result in losses that exceed deposits. So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Data as of Monday, 19th October, 2020. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. This was a 5% decline on the second quarter and fell a touch short of expectations. Small cap stocks are where the real big gains can be made. Roxy Jacenko on why she left SAS Australia. Here you’ll find some interesting perspectives on the steps you should take to keep your portfolio afloat. At the time of writing the benchmark index is down 0.15% to 6,201.8 points. Join Our Premium Community All share prices are delayed by at least 20 minutes. Why? As we previously reported, volatile weather conditions, operational difficulties and the announcement that Brazilian mining giant Vale would resume production have all weighed on Rio Tinto’s share price of late.

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