In his latest research note, analyst Ben Davis confirms his recommendation. The broker RBC is keeping its Neutral rating. Previously set at GBX 5900, the target price has been slightly modified to GBX 6000.
Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows:
- iron ore (57.4%): 287.7 Mt produced in 2024;
- aluminum, alumina and bauxite (24.2%): 58.6 Mt bauxite, 7.3 Mt alumina and 3.3 Mt aluminum produced;
- copper (8.8%) : 624 Kt produced;
- industrial minerals (5%): titanium dioxide pigments (990 Kt produced), borates (504 Kt produced) and salts (5.8 Mt produced);
- gold (1.5%) : 282,000 ounces produced;
- diamonds (0.5%) : 2.8 million carats produced;
- other (2.6%): uranium, silver, zinc and molybdenum.
Net sales are distributed geographically as follows: the United Kingdom (0.3%), Europe (4.8%), China (57.4%), Japan (6.5%), Asia (6.9%), the United States (16.8%), Canada (2.9%), Australia (2%) and other (2.4%).
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