Rio Tinto Group (RIO)
After hours:
| Previous Close | 68.96 |
| Open | 67.97 |
| Bid | 66.50 x 800 |
| Ask | 67.91 x 1100 |
| Day's Range | 66.43 - 68.06 |
| 52 Week Range | 59.58 - 91.09 |
| Volume | |
| Avg. Volume | 4,514,620 |
| Market Cap | 108.038B |
| Beta (5Y Monthly) | 0.59 |
| PE Ratio (TTM) | 5.15 |
| EPS (TTM) | 12.95 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 7.93 (11.50%) |
| Ex-Dividend Date | Mar 10, 2022 |
| 1y Target Est | 78.39 |
- Reuters
Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7 bln offer
Canada's Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner's $2.7 billion bid for the company. Rio Tinto in March had proposed to buy out the 49% of Turquoise Hill it does not already own for about $2.7 billion in cash, paving the way for direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia. However, the offer has seen opposition from major Turquoise Hill shareholders, including activist investor Pentwater Capital Management, who said the offer was too low.
- Business Wire
Rio Tinto agrees revisions to funding arrangements with Turquoise Hill Resources
LONDON, May 18, 2022--Rio Tinto has agreed to amend the previously agreed funding plan with Turquoise Hill Resources (TRQ) (9 April, 2021) in order to provide liquidity of up to $400 million in short-term early advances, while the Special Committee of TRQ evaluates Rio Tinto’s C$34 per share all-cash proposal to acquire the approximately 49% of the issued and outstanding shares of TRQ that Rio Tinto does not currently own.
- Simply Wall St.
Here's Why I Think Rio Tinto Group (LON:RIO) Might Deserve Your Attention Today
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
