|Bid||6,022.00 x 0|
|Ask||6,300.00 x 0|
|Day's Range||6,089.00 - 6,179.50|
|52 Week Range||4,424.50 - 6,406.00|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||7.00|
|Earnings Date||Feb 22, 2023|
|Forward Dividend & Yield||5.28 (8.52%)|
|Ex-Dividend Date||Aug 11, 2022|
|1y Target Est||61.16|
Vale (VALE) witnesses a 10% sequential decline in iron ore output in Q4 due to higher rainfall. The company provides iron ore production guidance for 2023 at 310-320 million tons.
Does Rio Tinto (RIO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Rio Tinto (RIO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.