Rio Tinto Stock News

Investment heavyweight Morgan Stanley (NYSE:MS) said there is a tactical opportunity in the mining sector ahead of an iron ore price bounce as it upgraded shares in Rio Tinto. The Wall Street bank sai

JPMorgan Chase & Co. downgraded shares of Rio Tinto Group (NYSE:RIO) from an overweight rating to a neutral rating in a research report sent to investors on Monday morning, Analyst Price Targets reports. RIO has been the topic of several other reports. Exane BNP Paribas raised Rio Tinto Group from a neutral rating to an []

Australian shares edged lower on Thursday, as mining stocks fell after steel prices dropped due to sluggish downstream demand, though gains in Sydney Airport after regulators approved its buyout offset some of the losses. The S&P/ASX 200 index was down 0.1% at 7,394.9 by 1156 GMT. The benchmark had risen 1.3% on Wednesday. Sydney Airport, up 3%, was one of the top gainers on the benchmark, after the country''s competition regulator approved its A$23.6 billion ($16.92 billion) takeover. Among sub indexes, mining stocks fell 0.6%. Heavyweights BHP Group , Rio Tinto and Fortescue Metals all fell between 0.7% and 1.3%. They were tracking a downturn in Chinese stainless steel futures, which dropped to their lowest in more than three months on Wednesday. Lithium developer Vulcan Energy was a bright spot, gaining over 11% after it secured Volkswagen as an additional car industry customer for its environmental-friendly lithium hydroxide for automotive batteries. Gold stocks fell 0.56% led by Ora Banda Mining Ltd , down 5.97%, followed by Auteco Minerals Ltd, losing 5.63%.

Rio Tinto iron ore chief executive Simon Trott has flagged the use of battery-powered locomotives to help haul the companys iron ore across its sprawling Pilbara network.

Major outage at Amazon disrupts businesses across the US Publix heiress known for philanthropy dies in Florida at 65 UK: Omicron spreading quickly; Time to work from home again Flood insurance costs rise in areas once deemed lower risk Serbia moves to defuse protests over Rio Tinto lithium mine Pfizer says COVID booster offers protection against omicron The post AP Top Business News at 4:13 p.m. EST appeared first on InsuranceNewsNet .

BELGRADE, Serbia - Trying to defuse large protests by environmentalists, Serbia''s populist government decided Wednesday to suspend two key laws that would help mining giant Rio

Pfizer says COVID booster offers protection against omicron'' Pharma Bro'' firm reaches $40 M settlement in gouging case $56 K Alzheimer s drug avoiding Biden s cost curbs, for now Major outage at Amazon disrupts businesses across the US Flood insurance costs rise in areas once deemed lower risk Serbia moves to defuse protests over Rio Tinto lithium mine EU The post AP Top Business News at 12:40 p.m. EST appeared first on InsuranceNewsNet .

Liberum Capital upgraded shares of Rio Tinto Group (NYSE:RIO) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, The Fly reports. Several other research analysts have also weighed in on RIO. Berenberg Bank reiterated a hold rating on shares of Rio Tinto Group in a report []

Australian shares notched their best session in more than two months on Wednesday, as surging commodity prices propelled miners higher, while easing fears surrounding the Omicron coronavirus variant lifted banks and aided broader sentiment. The S&P/ASX 200 index closed 1.3% higher at 7,405.4, recording their best session since Oct. 4. The benchmark settled 1% higher on Tuesday. Miners rose 2.4% to scale a 12-week closing high, benefiting from a jump in iron ore prices as easing monetary policy in leading consumer China boosted demand for ferrous materials. Global miner Rio Tinto rose 2.2% to hit its highest since Oct. 21, while shares of Fortescue Metals Group jumped 3.3%. Financials climbed 0.9%, with the "Big Four" banks rising between 0.3% and 1%. Shares in Australia also took their cue from a global relief rally on views that the Omicron variant will not cause major economic damage. "I think we are seeing a combination of some short-covering and ''buying the dip'' in Australia", said Brad Smoling, managing director of Smoling Stockbroking. "That said, I still think volatility is going to be very high going into the end of the year," he added.

Rio Tinto Group (NYSE:RIO) Equities researchers at Jefferies Financial Group reduced their FY2021 EPS estimates for shares of Rio Tinto Group in a research note issued on Sunday, December 5th. Jefferies Financial Group analyst C. Lafemina now forecasts that the mining company will post earnings of $12.38 per share for the year, down from []

Australian shares rose on Wednesday, led by mining and energy stocks on sharp rises in iron ore and oil prices, buoyed by hopes of limited disruption from the Omicron coronavirus variant. The S&P/ASX 200 index rose 0.65% to 7,361.4 by 2338 GMT, set for extending gains for a fourth straight session. The benchmark ended 0.95% higher on Tuesday. The gains also come a day after the central bank retained interest rates at 0.1%, keeping the economy flush with cash to allow a full economic recovery from the pandemic. Mining stocks rose as much as 2.2% to hit a two-month high, after a strong rally in benchmark iron ore futures. BHP, Rio Tinto and Fortescue all jumped between 2.5% and 3.5% each. Energy stocks advanced as much as 2.1% after oil prices surged more than 3% overnight, building on a nearly 5% rise the previous day as Omicron fears eased. Woodside Petroleum gained as much as 2.2%, after the country''s biggest independent oil and gas company said it would invest $5 billion in new energy products to curb its emmissions.

Rio Tinto: The Anglo-Australian Dividend Powerhouse

This mining giant could be a share to buy in December The post Why the Rio Tinto (ASX:RIO) share price could be a bargain buy appeared first on The Motley Fool Australia .

Rio Tinto has become the first mining company to disclose how many full-time workers in its flagship iron ore division have received their first COVID-19 jab.