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.