It spent the first half of Q2 around $1,500/t but it stood at $1,620/t as of the end of June. If the support at $60 doesn't hold, Rio Tinto will probably test the support at $55. To report a factual error in this article. The firm ranks coverage of companies on a scale of negative five to positive five, with scores […] Rio Tinto's gold production grew by 8% in Q3, to 68,744 toz. Scraps sale of Australasian aluminum assets, due to the market environment. On the other hand, molybdenum production climbed up to 5,122 tonnes (11.292 million lb) which is 33% more than in Q2 and 141% more than in Q3 2019. Net profit -71% to $1.72B, due to $1.85B paper loss that from the effect of forex fluctuations on the value of the company's debt. However, compared to Q3 2019, the numbers are 8.7% lower. In Chile, it made $311m in tax contributions, and in Mongolia, home to the Oyu Tolgoi copper mine, it paid $305m. The firm has a market capitalization of $58.52 billion and a PE ratio of 10.71. It is 2.4% more than in Q2 and even 26% more than in Q3 2019. Rio Tinto plc (NYSE:RIO) declares $0.110/share interim dividend, -12% decrease from prior dividend of $0.13. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The company also recently disclosed a dividend, which was paid on Thursday, September 17th. The ex-dividend date was Thursday, August 6th. Follows failure to sell the diamond unit. The company offers aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. As can be seen, there is a good chance for the Pilbara iron ore shipments guidance of 324-334 million tonnes to be met. Rio Tinto’s key Oyu Tolgoi copper and gold project in Mongolia has been affected, with the firm saying last month that development of the operation – already beset by delays and spiralling costs – would be “slowed” due to the coronavirus outbreak. I am not receiving compensation for it (other than from Seeking Alpha). Review RIO dividend yield and history, to decide if RIO is the best investment for you. Rio Tinto hikes dividend as H1 headline earnings top estimates, H1 underlying earnings fell 4% Y/Y to $4.75B, Rio Tinto declares $1.51/ADS interim dividend, Rio Tinto declares final dividend of $1.80 dividend. “The pandemic presents an unprecedented challenge for Rio Tinto and for society as a whole.”. Dividend News ›› Stay up to ... Rio Tinto plc Dividend policy Active Price as of: OCT 16, 03:00 PM EDT $60.05 -0.5 -0.83% Watchlist Overview. The iron ore, aluminium and copper prices increased notably in Q3. The volume of refined copper remains low, as the major maintenance of the Kennecott refinery took longer than expected and the impacts of the anti-pandemic measures were still felt at Escondida. Please be aware of the risks associated with these stocks. Payout History. Payable April 18; for shareholders of record March 8; ex-div Feb. 7. Project delays and closures have forced companies to reassess their finances and look for ways to cut costs as they seek to insulate themselves from the economic impact of Covid-19. The copper price increased by 18%, as it continued the growth trend that started in late March. I have no business relationship with any company whose stock is mentioned in this article. Media stories about Rio Tinto Group (RIO.L) (LON:RIO) have trended negative this week, InfoTrie Sentiment Analysis reports. On the other hand, it looks like in the case of mined copper, the guidance is about to be beaten. LONDON-- (BUSINESS WIRE)-- Rio Tinto Chief Executive J-S Jacques said “We have been agile and adapted our way of working, to deliver another resilient performance while navigating the new and ongoing challenges of dealing with COVID-19. A number of brokerages recently weighed in on RIO. Payable Sept. 17; for shareholders of record Aug. 7; ex-div Aug. 6. Payable April 18; for shareholders of record March 8; ex-div March 7. The mining industry has faced several disruptions due to the spread of coronavirus, and precautionary measures such as social distancing to limit the impact of the health emergency. The reason is the major maintenance at the Kennecott refinery. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. Receive News & Ratings for Rio Tinto Group (RIO.L) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group (RIO.L) and related companies with MarketBeat.com's FREE daily email newsletter. The alumina production of 1.954 million tonnes was only slightly lower compared to Q2 and 7% higher compared to Q3 2019. I have no business relationship with any company whose stock is mentioned in this article. CEO Jean-Sébastien Jacques says China is enjoying "a very steep V-shaped recovery... the demand for steel and iron ore in China is very, very strong and order books are full," but the demand recovery outlook in the U.S and Europe is "much more tentative.". Issued By B.Riley Securit (NYSE:BFS), Analysts Issue Forecasts for Booking Holdings Inc.’s Q3 2020 Earnings (NASDAQ:BKNG), Cedar Realty Trust, Inc. 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The maintenance impacted also the refined silver volumes that declined to 70,000 toz. “Being transparent about where these payments go helps our stakeholders better understand how these funds may be used.”, Rebuild and refurbishment services: Reducing downtime and mine equipment costs, India’s SECL executes eight ‘first mile connectivity’ projects for boosting coal evacuation, Australia-based CIMIC to sell 50% stake in Thiess to Elliott for $1.5bn, MACA wins $131m contract for Iron Ridge project in Western Australia, ABB unveils Adaptive Execution platform to lower delivery time and costs of major energy projects. Moreover, the metals prices improved notably during Q3. The iron ore production increased by 2.8% compared to the previous quarter, although it decreased by 1.9% compared to the same period of last year. Rio Tinto is also trying to negotiate lower energy costs in New Zealand and Iceland, in order to improve the economics of the operations. Find the latest dividend history for Rio Tinto Plc Common Stock (RIO) at Nasdaq.com. Payable April 12; for shareholders of record March 2; ex-div March 1. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. document.getElementById("comment").setAttribute( "id", "ada7c331da8e4a482508166193db0e66" );document.getElementById("d02b5d1653").setAttribute( "id", "comment" ); FY2020 EPS Estimates for Avangrid, Inc. (NYSE:AGR) Decreased by Analyst, CNX Resources Co. Forecasted to Post FY2020 Earnings of $1.05 Per Share (NYSE:CNX), Cabot Oil & Gas Co. (NYSE:COG) Expected to Post FY2020 Earnings of $0.50 Per Share, DA Davidson Analysts Increase Earnings Estimates for NCR Co. (NYSE:NCR), FY2020 EPS Estimates for Fluor Co. On 27 February 2019 the Board of Rio Tinto declared a final dividend of 180 US cents per share and a special dividend of 243 US cents per share, both payable on 18 April 2019 to holders of ordinary shares and ADRs on the register as at 8 March 2019. In the case of alumina, aluminium and bauxite, the guidance should be met. Company Profile. Payable Sept. 19; for shareholders of record Aug. 9; ex-div Aug. 8. However, for these, we will have to wait until February 17. Rio Tinto's gold production grew by 8% in Q3, to 68,744 toz. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. In the near-term, some share price weakness looks very probable. However, Rio Tinto's only uranium-producing operation, the Ranger mine, controlled via an 86.33% equity interest in Energy Resources of Australia (OTCPK:EGRAF), processes only stockpiles. Rio Tinto plans to push ahead with its $3.7bn dividend payment to shareholders this month, despite the economic pressures of coronavirus weighing heavily on the mining industry. See Also: Dow Jones Industrial Average (DJIA). For now, it looks like Rio Tinto is primed for very good H2 2020 financial results. And a further decline is coming, as the Argyle mine should be closed next year. The mining firm also revealed that it paid $7.6bn in taxes and royalties globally in 2019 as part of its annual tax disclosure report. But compared to Q3 2019, it declined by 7.6%. At Escondida and Oyu Tolgoi, the copper production remained in line with Q2. I wrote this article myself, and it expresses my own opinions. Goldman Sachs Group restated a “neutral” rating and set a GBX 4,800 ($62.71) price objective on shares of Rio Tinto Group (RIO.L) in a research note on Friday, October 9th. Rio Tinto's titanium dioxide slag production increased by 11.7%, to 292,979 tonnes. Also the diamond production guidance will be most probably beaten. Aluminium production grew by 1.5% compared to Q2 and by 1% compared to Q3 2020.

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