Rio Tinto PLC

Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
  • TickerRIO
  • ISINGB0007188757
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryAustralia

Analysts

Mathew Hodge

Rio Tinto’s 2Q Soft but Our AUD 69 FVE is Retained. Shares Overvalued

Higher near-term iron ore forecasts primarily drove the recent upgrade in our fair value estimate for no-moat Rio Tinto to AUD 69 per share. At the current share price of AUD 104, the shares are materially overvalued. Our valuation hinges on two key drivers: steel production growth and iron ore supply. Steel production in China is elevated, up 10% for the year ended June. Strong steel production is a second order impact of the U.S./China trade war and weakening industrial production. The Chinese...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/17/2019

We reiterate our Buy recommendation with a target price of € 15.60. Aside from the restoration of the market’s confidence, the key point is the upcoming strategic plan expected to be unveiled at end-2019. It should be based on enhancing the operating performance and resuming value creation, which should in turn act as a catalyst for the group's re-rating. Our analysis of the various strategic options indicates a positive risk-reward profile. - ...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/07/2019

Nous réitérons notre opinion Achat avec un OC de 15.60 €. Au-delà du retour à la confiance du marché, l’enjeu demeure le prochain plan stratégique qui sera dévoilé en fin d’année 2019. Il devra être fondé sur un socle d’amélioration de la performance opérationnelle et de retour à la création de valeur afin de constituer le catalyseur d’une revalorisation du groupe. Notre analyse des différentes options stratégiques aboutit à un risk reward positif. - ...

Alain William

Rio Tinto Plc : Q2 2019 in line with forecasts, Oyu Tolgoi delayed and more expensive

>Low production in H1 2019 (as expected) - Rio Tinto's production of copper equivalent in H1 2019 was down 2% compared with H1 2018. The drop in iron ore shipments in Q1 2019 (-14%) then in Q2 2019 (-7%) is the main explanation. The 2019 guidance is nevertheless reiterated (320-330mt vs ODDO BHF 325mt). Over the same period, the other divisions did not offset this contraction.Upward revision to our price scenario - The iron ore price with 62% iron re...

Alain William

Rio Tinto Plc : T2 2019 en ligne avec les attentes, Oyu Tolgoi en retard et plus cher

>Une production au S1 2019 faible (comme prévu) - La production de Rio Tinto au S1 2019 en termes d’équivalent cuivre a baissé de 2% par rapport au S1 2018. La baisse des livraisons de minerai de fer au T1 2019 (-14%) puis au T2 2019 (-7%), en sont la principale explication. La guidance 2019 est néanmoins réitérée (320-330 Mt vs ODDO BHF 325 Mt). Sur la même période, les autres divisions n’ont pas permis de compenser cette baisse.Révision à la hausse de n...

Rio Tinto: FAQ on operations, financial policy, and share buybacks

CORPORATES ISSUER IN-DEPTH 21 November 2017 RATINGS Long-term rating A3 Outlook Stable Source: Moody's Investors Service CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Rio Tinto FAQ on operations, financial policy, and share buybacks » Solid assets, low-cost operations support A3 rating. Rio has a strong asset base, large- sca

Rio Tinto: Key Facts and Statistics - H1 June 2017

CORPORATES ISSUER PROFILE 10 November 2017 TABLE OF CONTENTS Company overview 1 Business description 2 Management strategy 3 Financial highlights 5 Capital structure and debt maturity 7 Company management 8 Ownership structure 9 Subsidiaries 10 Peer Group 10 Related Websites and Information

Rio Tinto - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  Rio Tinto - June 2017 (LTM) 11 October 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Jun-15 FYE Jun-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

Rio Tinto's $2.5 Billion Debt-Reduction Plan Is Credit Positive

  ISSUER COMMENT  CORPORATES   MAY 25, 2017  Rio Tinto’s $2.5 Billion Debt-Reduction Plan Is  Credit Positive  From  Credit Outlook   On Monday, Rio Tinto (A3 stable senior unsecured for all rated entities within the Rio Tinto  group) said that it

Rio Tinto: Update to Rating Rationale

CORPORATES CREDIT OPINION 28 February 2017 Update Contacts Carol Cowan 212-553-4999 Senior Vice President [email protected] Brian Oak 212-553-2946 MD-Corporate Finance [email protected] Rio Tinto Update to Rating Rationale Summary Rating Rationale Rio Tinto’s A3 senior unsecured rating reflects the group’s large scale and low cost operations across its major segments, particularly its iron

Mathew Hodge

Rio Tinto’s 2Q Soft but Our AUD 69 FVE is Retained. Shares Overvalued

Higher near-term iron ore forecasts primarily drove the recent upgrade in our fair value estimate for no-moat Rio Tinto to AUD 69 per share. At the current share price of AUD 104, the shares are materially overvalued. Our valuation hinges on two key drivers: steel production growth and iron ore supply. Steel production in China is elevated, up 10% for the year ended June. Strong steel production is a second order impact of the U.S./China trade war and weakening industrial production. The Chinese...

Alain William

Rio Tinto Plc : Q2 2019 in line with forecasts, Oyu Tolgoi delayed and more expensive

>Low production in H1 2019 (as expected) - Rio Tinto's production of copper equivalent in H1 2019 was down 2% compared with H1 2018. The drop in iron ore shipments in Q1 2019 (-14%) then in Q2 2019 (-7%) is the main explanation. The 2019 guidance is nevertheless reiterated (320-330mt vs ODDO BHF 325mt). Over the same period, the other divisions did not offset this contraction.Upward revision to our price scenario - The iron ore price with 62% iron re...

Alain William

Rio Tinto Plc : T2 2019 en ligne avec les attentes, Oyu Tolgoi en retard et plus cher

>Une production au S1 2019 faible (comme prévu) - La production de Rio Tinto au S1 2019 en termes d’équivalent cuivre a baissé de 2% par rapport au S1 2018. La baisse des livraisons de minerai de fer au T1 2019 (-14%) puis au T2 2019 (-7%), en sont la principale explication. La guidance 2019 est néanmoins réitérée (320-330 Mt vs ODDO BHF 325 Mt). Sur la même période, les autres divisions n’ont pas permis de compenser cette baisse.Révision à la hausse de n...

Alain William

Rio Tinto Plc : Mixed Q2 production and Oyu Tolgoi project update

>Iron Ore is low (as expected) - Rio Tinto Q2 production numbers are mixed, leading H1 19 group copper equivalent production to be down 2% y-o-y. For Iron Ore (58% of FY 2018 EBITDA) as largely expected Pilbara iron ore shipments of 85.4mt (100% basis) in Q2 2019 were 3% lower y-o-y. Shipments were impacted in April due to recovery works following tropical cyclone Veronica (down 3% y-o-y at 85.4Mt), albeit up 24% q-o-q. Shipments performance was better than expected (...

Alain William

Rio Tinto Plc : Mixed Q2 production and Oyu Tolgoi project update

>Iron Ore is low (as expected) - Rio Tinto Q2 production numbers are mixed, leading H1 19 group copper equivalent production to be down 2% y-o-y. For Iron Ore (58% of FY 2018 EBITDA) as largely expected Pilbara iron ore shipments of 85.4mt (100% basis) in Q2 2019 were 3% lower y-o-y. Shipments were impacted in April due to recovery works following tropical cyclone Veronica (down 3% y-o-y at 85.4Mt), albeit up 24% q-o-q. Shipments performance was better than expected (...

1 director maiden bought

A director at Rio Tinto maiden bought 15,000 shares at 3,664p and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boa...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/17/2019

We reiterate our Buy recommendation with a target price of € 15.60. Aside from the restoration of the market’s confidence, the key point is the upcoming strategic plan expected to be unveiled at end-2019. It should be based on enhancing the operating performance and resuming value creation, which should in turn act as a catalyst for the group's re-rating. Our analysis of the various strategic options indicates a positive risk-reward profile. - ...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/07/2019

Nous réitérons notre opinion Achat avec un OC de 15.60 €. Au-delà du retour à la confiance du marché, l’enjeu demeure le prochain plan stratégique qui sera dévoilé en fin d’année 2019. Il devra être fondé sur un socle d’amélioration de la performance opérationnelle et de retour à la création de valeur afin de constituer le catalyseur d’une revalorisation du groupe. Notre analyse des différentes options stratégiques aboutit à un risk reward positif. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Florent Laroche-Joubert
  • Pierre Tegner
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/16/2019

...

Alain William ...
  • Antoine Boivin-Champeaux
  • Florent Laroche-Joubert
  • Pierre Tegner
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/07/2019

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/09/2019

While we were expecting a slowdown in the IT services market, the Q1 earnings releases were reassuring, with growth maintained at +4.0% year-on-year. Moreover, the leading indicators improved significantly in recent quarters, which reassures us about the outlook. The sector’s valuation levels have eased, which offers an attractive entry point and is conducive to M&A. Our preference goes to Devoteam, in addition to Atos and Capgemini for which we have revised up our target prices. - Cf....

Nurhayati Wan

Rio Tinto Plc

Philip Morrish

Value Indicator - UK Construction & Materials 15052019

Currently '(TM) Value Indicator - UK Basic Resources' is a value analysis of the basic resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 15052019

Curretly ' (TM) Value Indicaotro - Uk main market ' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 08072019

Currently' (TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies listed on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 08072019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

MarketLine Department

Anglo American South Africa Limited - Strategy, SWOT and Corporate Finance Report

Anglo American South Africa Limited - Strategy, SWOT and Corporate Finance Report Summary Anglo American South Africa Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Anglo American South Africa Ltd (AASA), a wholly-owned subsidiary of Anglo American plc, is a diversified mining company. The company carries out the production and mining of platinum, iron...

MarketLine Department

Fortescue Metals Group Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

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MarketLine Department

Mechel - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Mechel - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Mechel Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Mechel since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an orga...

MarketLine Department

Newmont Mining Corp - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Newmont Mining Corp - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Newmont Mining Corp Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Newmont Mining Corp since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorgani...

MarketLine Department

Hindalco Industries Ltd - Strategy, SWOT and Corporate Finance Report

Hindalco Industries Ltd - Strategy, SWOT and Corporate Finance Report Summary Hindalco Industries Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Hindalco Industries Limited (Hindalco), a subsidiary of Aditya Birla Group, is manufacturer of aluminum and copper. It products include aluminum in the form of billets, ingots, and wire rods; alumina; and value-ad...

Expert Corporate Governance Service (ECGS)

Rio Tinto April 10th, 2019

The Company is currently involved in lawsuits related to a series of scandals.  This includes a bribery scandal, fraud scandal and tax scandal. In July 2017, the UKns Serious Fraud Office launched an investigation into a 2011 payment of $10.5m made in connection with the Simandou project to François Polge de Combret, a French banking consultant who was a university friend of President Alpha Conde of Guinea and connected to the Simandou project. The Company has stated that it is fully complying with authorities but has not admitted to bribery. The investigation is still ongoing but could lead ...

Expert Corporate Governance Service (ECGS)

Proxy Report - 11/04/2018

Bribery Scandal: In 2016, Rio Tinto notified relevant authorities in the United States, United Kingdom and Australia of information concerning contractual payments totaling US$10.5 million made in 2010 to François Polge de Combret, a consultant, former Lazard banker and university friend of President Alpha Condé of Guinea, who provided advisory services on the Simandou project in Guinea. On March 15, 2018, investigators from the UK’s Serious Fraud Office (SFO) raided the London home of Mr. de Combret in pursuit of evidence to build their bribery case.   The payments at the centre of the bri...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 27/06/2017

Item 1: To approve the sale of its 100% of the interest in the share capital of Coal & Allied Industries to YancoalShareholders are asked to approve the disposal of Coal & Allied Industries, a subsidiary of the Company. The proposed buyer, Yancoal, is deemed to be a related party to the Company under UK Listing Rules and as such the listing rules require approval of the shareholders of the listed company for such a transaction. The Board states that the divestment is consistent with the Company’s strategy to re-allocate capital in order to ensure high returns to shareholders. Under the terms o...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

USD weakness a tailwind for int'l markets With markets showing signs of weakening at logical resistance as outlined in last week's Int'l Compass - we recommend being selective in new purchases. At the same time we are seeing a number of indicators that are giving signals conducive to higher equity prices, meaning global equities may be gearing up for an eventual breakout topside resistance. Below we highlight some attractive and actionable themes along with indicators that support our overall constructive outlook. • USD (DXY) breaking down; Euro, CAD breaking out. Throughout all of 2019 we h...

Jérôme VINERIER

Analyse court terme - RIO TINTO : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 3 927,50 p. La rupture de 3 403,00 p mettrait la tendance en danger.

Jérôme VINERIER

Short term view - RIO TINTO : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at 3,927.50 p. The break of 3,403.00 p would endanger the trend.

Jérôme VINERIER

Short term view - RIO TINTO : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 3,927.50 p. The next target is at 3,403.00 p, then 3,207.00 p. Passing 4,190.00 p would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - RIO TINTO : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 3 927,50 p prochainement. Le prochain objectif est à 3 403,00 p, puis 3 207,00 p. Le franchissement de 4 190,00 p remettrait en cause la suite de la baisse.

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