Are Rio Tinto shares a good buy?
Valuation metrics show that Rio Tinto PLC may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of RIO, demonstrate its potential to outperform the market.
How do I buy Rio Tinto shares?
How to buy shares in Rio Tinto
- Compare share trading platforms. To buy shares listed in Australia, you’ll need to sign up to a broker with access to the ASX.
- Open and fund your brokerage account.
- Search for Rio Tinto.
- Purchase now or later.
- Decide on how many to buy.
- Check on your investment.
What is the beta of Rio Tinto?
Performance Outlook
| Market Cap | 127.87B |
|---|---|
| Beta (5Y Monthly) | 0.57 |
| PE Ratio (TTM) | 6.85 |
| EPS (TTM) | 11.52 |
| Earnings Date | N/A |
Is Rio a copper stock?
About Rio Tinto plc (ADR) Rio Tinto plc is a United Kingdom-based mining and metals company. The Company’s segments include Iron Ore, Aluminium, Copper and Minerals.
Why is Rio Tinto so cheap?
The strong iron ore price during the past 12 months has provided Rio Tinto with fantastic profitability. This results in Rio Tinto appearing extremely cheap to investors based on various multiples.
What was Rio Tinto highest share price?
The latest closing stock price for Rio Tinto as of February 18, 2022 is 77.63.
- The all-time high Rio Tinto stock closing price was 138.73 on May 16, 2008.
- The Rio Tinto 52-week high stock price is 95.97, which is 23.6% above the current share price.
Why is Rio Tinto going down?
The recent decline in RIO stock was driven by fall in iron ore prices and lackluster production numbers reported by the company. Global iron ore price per ton has fallen from $123 to $103, registering a decline of 16% in a week. For additional details about RIO’s business, see our analysis on Rio Tinto Revenues.
Why is Rio Tinto stock dropping?
Register now for FREE unlimited access to Reuters.com Jan 21 (Reuters) – Australian shares fell on Friday amid a sell-off across sectors, as stocks of mining giant Rio Tinto dropped, gold and mining companies dipped, and cases of the Omicron coronavirus variant in the country continued to surge.
Is Rio Tinto a public company?
Rio Tinto Group operates under a dual listed companies structure comprising Rio Tinto plc, a United Kingdom-based listed public company headquartered in London, listed on the London Stock Exchange and New York Stock Exchange under the code RIO; and Rio Tinto Limited, an Australian-based listed public company …
When did Rio Tinto buy Kennecott?
1989
Rio Tinto Zinc (RTZ) Corporation purchased Kennecott in 1989 and continued the company’s expansion. In 1990 a fourth grinding line at a cost of $220,000,000 was begun at the Copperton Concentrator, and it was completed in 1992.
Why is Rio Tinto falling?
The recent decline in RIO stock was driven by fall in iron ore prices and lackluster production numbers reported by the company. Global iron ore price per ton has fallen from $123 to $103, registering a decline of 16% in a week.