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Rio Tinto Group (RIO)

NYSE - Nasdaq Real Time Price. Currency in USD
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60.20+0.22 (+0.37%)
At close: 04:00PM EDT
60.17 -0.03 (-0.05%)
After hours: 07:54PM EDT

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  • D
    DJ
    Zacks just said RIO is a strong sell, so you know what this means....
    BUY, BUY, BUY!!!!
    Always do the opposite of what Zacks says and you will do well.
  • B
    Bunny
    RIo is excellent turning capital to cash flow regardless of market is up or down. Well diversified globally and is a price setter. It will work great with or without inflation. Costs of production have been rising and material prices will rise and Rio has allocated capital to where the demand is. Long term hold.
  • J
    Jazenevc
    Today’s trading indicated that some folks did not want to get dividend, likely expecting that share price drops more than dividend amount tomorrow.
  • M
    Magnum
    dividend $2.67. Ex div date 08/11
  • J
    Jazenevc
    New tax law, substantially increasing taxes on US companies, makes by comparison international mining companies more attractive investment choices.
  • A
    Active
    What is the exact amount should investor expect and on what date?
  • A
    Anonymous
    Jaz, are you the only one left still owning this stock?
    Were there once far more posters owning this and posting?
    Does the current price already reflect the expected drop in earnings ?
    Do you expect the post div. price to be much lower than what the div payout will be?
  • J
    Jazenevc
    BHP decides to go big on copper with multi-billion attempt to buy Oz. This is likely a good thing for the mining stocks overall.
  • A
    Anonymous
    Looking back. Two months ago , can you believe this stock traded at 76$ which is roughly a 20% haircut. Isn't that enough to reflect the drop in earnings expected.
  • H
    Hrdwkgdog
    $59.00 tomorrow........ Humm...... thought it would go up a bit more today........
  • J
    Jazenevc
    The earnings are better than expected and they still pay 50% of the profit to shareholders. The dividend yield is still very high, while the business is very profitable. PE ratio is very low.
    The media concentrates on doom and rumors, trying to push shares down.
  • T
    Thomas
    $2.67 another well covered dividend pay out, still net cash position. Well the soften metal prices cut the revenue a bit and the high energy prices cut the ebitda, if you hedge this firm with an energy firm, well then you are lucky anyway 😎
  • J
    Jazenevc
    During the conference call most questions were about Simandou and capex in general. The management was confident that the company can handle many big projects simultaneously, although it hinted that one should not expect big M&A activity from the company: it already got many things in pipeline.
    In my opinion, if at some point Chinese offer good price for Rio’s stake in Simandou, then the company better take it and quit Guinea. Sooner or later, the place will have political issues again. Also, the project makes Rio even more concentrated in iron.
  • M
    Mark
    Nothing screams a Strong Buy to me is Zacks putting out a Strong Sell (#5) on RIO. Every time they have done this with a stock I follow or have gone long on it has signaled a bottom or near bottom. They do this typically a few weeks before ex-dividend or with stocks with high short interest to get weak hands to sell their shares to their paying clients.
  • J
    Jazenevc
    Only two trading days left before H1 earnings release. As usual, finding estimates is rather challenging because Rio is a foreign stock, reporting on non-standard semiannual basis. Some sites show $5.37 earnings consensus. The company site shows $5.17 earnings and $29.8B revenue. Also, dividend consensus has been reduced to $3.39/share. Perhaps, the company site is more accurate, it gets updated regularly and shows July 21 last update.
    The earnings release will come on Wednesday, after Sydney closing and before London opening. It will be around 2 AM ET.
  • A
    Alex
    So I don’t have a position in this, but if I understand correctly it’s an earnings beat (on declining earnings) and they wisely reduced the dividend as earnings have declined with the underling commodity prices. Seems ok
  • J
    Jazenevc
    The only "miss" in the reported results is that the company decided to pay out, as dividend, only 50% of profits, instead of 65-70% expected by analysts. What a crime. The results should be judged by earnings, not by dividend yield; it is not a bond. Needless to say, Rio "missed" dividend is still higher comparing with almost any company on this planet.
    However, they still made the money; the earnings number came better than the estimates. Certainly, the company decision to pay a little less dividend than expected can be understood. The want to keep more cash on hand; the company has big projects to build in near-term and, also, the market is challenging. Some mining companies are in worse shape. If metals prices do not recover, then some companies can start fire sales, and stronger miners will use cash at that point.
  • J
    Joe
    There was no way to use deriviatives and other hedging instruments to lock in that $200 iron ore price last year for a long time? Airline companies do it to lock in cheap oil.
  • J
    Jazenevc
    FWIW. US Q2 GDP number has been reported few minutes ago. It is negative and it is the second negative quarter in a row. It means US recession, although the government and the media will not admit this.
    Anyway, US factual recession means the Fed having difficulties to continue raising the rate and, accordingly, the stretch of super-strong dollar is coming to the end. It can keep inflation high and likely lift commodity prices back to high levels.
  • J
    John
    Rio is set to reveal its H1 numbers for its six months performance ending June on 27 July. Its earnings preview seems to indicate a slowdown in both its top and bottom lines. This is most likely due to the perpetual lockdowns in China that have been limiting construction activity. China is the group’s biggest customer, hence the gloomy forecasts. That being said, a sudden change in health policy in China could see Rio edge closer to its FY21 figures and could spell a healthy jump in its stock.

    https://www.fool.co.uk/2022/07/25/earnings-preview-rio-tinto-barclays-natwest/