Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,809.00p
   
  • Change Today:
    -73.00p
  • 52 Week High: 6,658.00
  • 52 Week Low: 4,266.00
  • Currency: UK Pounds
  • Shares Issued: 1,247.76m
  • Volume: 5,002,925
  • Market Cap: £72,482m
  • RiskGrade: 142

Berenberg says 'hold' Rio Tinto after weak start to 2021

By Sean Farrell

Date: Wednesday 21 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Berenberg kept its 'hold' rating on Rio Tinto shares after the FTSE 100 miner reported a weaker start to 2021 than the broker expected.
Rio Tinto reported a 2% drop in iron ore production on Tuesday to 76.4 metric tonnes for the first three months of 2021 and kept its annual guidance unchanged. Berenberg had forecast first-quarter production at 78.4 metric tonnes.

Mined copper also came in lower than Berenberg expected and there were other misses. Berenberg analyst Richard Hatch made small adjustments to his estimates and kept his 'hold' rating with a £64 per share target price.

Hatch said the share price target was derived from "our expectation that as iron ore prices eventually temper Rio shares will weaken. However, given weaker-than-expected supply and resilient Chinese steel production, there is clear scope for iron ore prices to remain resilient in the near term".

He said this scenario should support a dividend yield of about 9% in 2021 and 5% in 2022. Rio Tinto shares rose 0.4% to £59.81 at 15:00 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rio Tinto Market Data

Currency UK Pounds
Share Price 5,809.00p
Change Today -73.00p
% Change -1.24 %
52 Week High 6,658.00
52 Week Low 4,266.00
Volume 5,002,925
Shares Issued 1,247.76m
Market Cap £72,482m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.48% above the market average92.48% above the market average92.48% above the market average92.48% above the market average92.48% above the market average
25.62% above the sector average25.62% above the sector average25.62% above the sector average25.62% above the sector average25.62% above the sector average
Price Trend
3.12% above the market average3.12% above the market average3.12% above the market average3.12% above the market average3.12% above the market average
Sector averageSector averageSector averageSector averageSector average
Income
98.62% above the market average98.62% above the market average98.62% above the market average98.62% above the market average98.62% above the market average
76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average
Growth
69.59% above the market average69.59% above the market average69.59% above the market average69.59% above the market average69.59% above the market average
35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 10
Sell 3
Strong Sell 2
Total 24
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rio Tinto Dividends

  Latest Previous
  Final Special
Ex-Div 04-Mar-21 04-Mar-21
Paid 15-Apr-21 15-Apr-21
Amount 309.00¢ 93.00¢

Trades for 18-Jun-2021

Time Volume / Share Price
16:35 2,517,662 @ 5,809.00p
16:29 34 @ 5,830.95p
16:29 26 @ 5,835.00p
16:29 62 @ 5,835.00p
16:29 100 @ 5,836.00p

Rio Tinto Key Personnel

Chair Simon R Thompson
CEO Jakob Stausholm

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