|Bid||0.00 x 1100|
|Ask||0.00 x 900|
|Day's Range||64.40 - 65.59|
|52 Week Range||35.35 - 66.55|
|Beta (5Y Monthly)||0.65|
|PE Ratio (TTM)||14.62|
|Forward Dividend & Yield||3.82 (5.90%)|
|Ex-Dividend Date||Mar. 06, 2020|
|1y Target Est||59.02|
Does Rio Tinto (RIO) have what it takes to be a top stock pick for momentum investors? Let's find out.
BHP Group said on Wednesday the destruction of a 43,000-year old Aboriginal rock shelter in Australia by fellow miner Rio Tinto had impacted the trust between Indigenous land owners and the resource industry. It said it would halt work that could impact Aboriginal sacred sites while it consulted further with Indigenous groups and that Aboriginal owners of the land it mined were free to comment on its management of their cultural heritage. Rio's legal destruction of an ancient Aboriginal rock shelter at Juukan Gorge in May caused an outcry and saw its chief executive and iron ore boss step down.
Australian shares followed their U.S. peers higher on Wednesday, led by tech stocks, as investors awaited the Federal Reserve's policy statement due later in the day for its view on the U.S. economy. Later in the day, the Fed will conclude its two-day meeting, its first since adopting a more accommodative approach to inflation and pledging to keep interest rates low for longer. James Tao, a market analyst at CommSec, said investors were waiting for the Fed chairman's commentary given expectations that the central bank will keep interest rates on hold.