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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Rio Tinto Group    RIO   AU000000RIO1

RIO TINTO GROUP

(RIO)
  Report  
End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 10/17
87.22 AUD   -2.88%
10/16RIO TINTO : Third quarter operations review
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10/15RIO TINTO : releases third quarter production results
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10/15RIO TINTO : quarterly iron ore shipments rise 5% on China demand
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Rio Tinto : scraps plans for Canadian iron ore unit sale, floatation - WSJ

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09/29/2019 | 11:59pm EDT
A Rio Tinto logo is displayed on the front of a wall panel during a news conference in Sydney

(Reuters) - Anglo-Australian miner Rio Tinto PLC has cancelled plans for the sale or floatation of its Canadian iron ore business, following unsuccessful attempts to find buyers, the Wall Street Journal reported on Sunday.

Rio Tinto, which owns 59% stake in Iron Ore Co of Canada, was unable to settle on a suitable price with potential buyers, the report https://on.wsj.com/2oshOd8 said.

Several global mining companies including Rio have been selling off a string of assets in recent years to decrease their debt load and focus on operations that are more profitable.

Rio Tinto did not immediately respond to a Reuters request for comment.

(Reporting by Rebekah Mathew in Bengaluru; Editing by Aditya Soni)

Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO GROUP -2.88% 87.22 End-of-day quote.15.46%
RIO TINTO PLC 0.24% 3961.5 Delayed Quote.5.95%
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Financials (USD)
Sales 2019 43 193 M
EBIT 2019 15 971 M
Net income 2019 9 375 M
Debt 2019 5 824 M
Yield 2019 5,76%
P/E ratio 2019 14,1x
P/E ratio 2020 15,0x
EV / Sales2019 1,68x
EV / Sales2020 1,75x
Capitalization 66 679 M
Chart RIO TINTO GROUP
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Technical analysis trends RIO TINTO GROUP
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 60,65  $
Last Close Price 87,22  $
Spread / Highest target -18,5%
Spread / Average Target -30,5%
Spread / Lowest Target -51,3%
EPS Revisions
Managers
NameTitle
Jean-Sébastien Jacques Chief Executive Officer & Executive Director
Simon Robert Thompson Chairman
Jakob Stausholm Chief Financial Officer & Executive Director
Michael Gerard L'Estrange Independent Non-Executive Director
Megan Clark Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
RIO TINTO GROUP15.46%85 894
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