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Rio Tinto Group (RIO)

NYSE - NYSE Delayed Price. Currency in USD
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66.59+1.22 (+1.87%)
At close: 4:00PM EDT
66.93 +0.34 (0.51%)
After hours: 05:39PM EDT
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  • J
    Jazenevc
    Rio started exploration drilling at Arcas copper-gold project in Chile, where it can earn 75% ownership by spending $25M on development.
  • P
    Peter
    RIO recently had a daily RSI of 26 (a value under 30 often corresponds with a reversal). The last time that happened the price exploded over 30 points in a span of just over 2 months !!!
  • C
    CryptoPower
    Imperial Mining Group is just about to release 43101 with significant volumes of Scandium and REE's. This will be just from a quarter of their property which is estimated to be the largest Scandium asset in the world. Located in Quebec where Rio Tinto is king. Rio already a global leader in aluminum and recently investing into Quebec Scandium. $IPG is a big moneymaker. Do not miss that one. Take a look - do your research!
  • F
    Freesurfin
    $RIO & $FCX copper companies gaining today. $EGO has over 60 million lbs/year 23 year estimate copper reserve at Skouries, Greece permitted/partially built mine.
  • J
    Jazenevc
    @ABX3 Rio entered scandium market recently and made press-release on Jan 14, 2021. You can see it on the company website. It describes scandium industrial applications too.
  • T
    T
    Bought at 75, but I'm thinking it's going below 70 soon. Nobody likes a tax investigation.
    Pretty sure it'll correct itself to 90 within a couple of months. Staying long. Might add a couple of shares when the dips slows for a bit.
  • C
    Chris
    China is reducing steel output in September to reduce pollution, hence iron pressure spot prices have nose dived. This is a temporary blip, which also happened when they hosted tue games in 2008. The September output is being postponed to a later date and when it returns to normal there will be a big movement to fill the vacuum and the price should in theory rise again. All the big iron miners are down today, not just Rio. I'm treating it as a buying opportunity...
  • P
    Peter
    Jefferies sees a V-shaped recovery for Australian mining stocks... "We are most positive on the outlook for copper, aluminum and nickel over a 6+ month horizon". Rio is in top-10 copper producers, and a top-5 aluminium producer.
  • J
    Jon
    Barrons article today on iron-ore prices:

    UBS analysts predicted the iron price slide to continue, in a note on Friday, cutting its forecast by 10%, expecting the price to fall below $100 a ton by the end of 2021 and to average $89 in 2022. However, they argued the cut to China's production was driven by the country's weak property market.
  • P
    Peter
    Sell Rio, BHP, and Vale if you believe steel is dead... if you think...

    That China in September decided to return to agrarian society
    The majority of world's nations still in lockdown will remain in lockdown to infinity
    That spendthrift Americans ($70B/mo) will stop buying 'stuff' and do without it
    That Central Banks around the world suddenly admit they were wrong about easy money and stop
    India and Africa decide not to modernize their societies.
    The Demorats cancel $3.5 trillion (!?!) Infrastructure plan
    People decide that the 'Green New Deal' is rubbish (EV, wind turbines, etc)
    Inflation is 'transitory'

    Otherwise --> 'Buy, buy, buy !'
  • J
    Jazenevc
    Iron ore has finally good day in Singapore, rising 15%, from 93 to 108.
  • J
    Jazenevc
    Iron price is steady in Singapore. It is $109.50 now, up from $107.71 yesterday closing.
  • J
    Jazenevc
    Maintained as Buy at Jeffries in London this morning, though price target reduced from GBP 6500 to 5800. Stock closed in London at 4841.
  • P
    Peter
    Here is the actual 2021 Dividend ($9.63) and Yield (14.71%)... because I see it mispriced everywhere

    9/23/2021 Semiannual 3.7600
    9/23/2021 Other 1.8500
    4/15/2021 Semiannual 3.0900
    4/15/2021 Other 0.9300
  • M
    Mike Adams
    RIO BHP and 3 others in Baron’s issue today. Should get a bounce up Monday
  • J
    JT_kirk20
    Even with the slump in iron ore, the producers remain highly profitable. BHP and Rio Tinto's estimated all-in costs, including transportation to China, are about $35 a ton.

    what are we at 100 ?
  • J
    Jon
    DJ Rio Tinto Price Target Cut 4.9% to A$117.00/Share by Morgans
    12:08 AM ET 9/20/21 | Dow Jones.

    $117 aussie = $84.24 US
  • K
    Kool
    Googled it but not getting an answer.
    Are RIO dividends taxed when held in a IRA in US?
    TIA
  • M
    Moises
    I sold PLTR last week and bought RIO, with the purpose of owning a safer stock, look what happens with my bright idea LOL
  • I
    ImperialFan
    Imperial Mining is running today after releasing their 43-101 this morning. World class Scandium asset in Quebec. Rio is the natural candidate to buy this out.