Rio TintoRIO
RIO
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
23% more call options, than puts
Call options by funds: $653M | Put options by funds: $532M
19% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 75
0% more funds holding
Funds holding: 743 [Q2] → 745 (+2) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 11 [Q2] → 11 (+0) [Q3]
0.52% less ownership
Funds ownership: 11.19% [Q2] → 10.68% (-0.52%) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 250 | Existing positions reduced: 285
42% less capital invested
Capital invested by funds: $16.2B [Q2] → $9.49B (-$6.73B) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$73
18%
upside
Avg. target
$73
18%
upside
High target
$73
18%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jefferies Chris LaFemina 52% 1-year accuracy 11 / 21 met price target | 18%upside $73 | Buy Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 22 articles about RIO published over the past 30 days
Neutral
Invezz
1 day ago
Why Glencore-Rio Tinto merger buzz could signal a new phase of mining sector consolidation
The mining industry is on edge after reports surfaced of potential merger discussions between Rio Tinto and Glencore, two of the sector's most prominent players. Bloomberg News reported that the companies held preliminary talks regarding a tie-up, though the current status of these discussions is unclear.
Neutral
Business Wire
2 days ago
Rio Tinto welcomes Australian Government support for low-carbon aluminium
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto welcomes the Australian Government's announcement of an aluminium production credit to help sustain and grow aluminium smelting in Australia, and significantly advance both regional communities and the nation's manufacturing capabilities. The production credit, announced today as part of the Future Made in Australia Plan, puts Australia on a path to becoming a leader in green metals manufacturing, while supporting a continued strong economic futu.
Positive
Reuters
4 days ago
Rio Tinto to form new lithium unit after Arcadium buy, memo says
Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters.
Negative
Forbes
5 days ago
Rio Tinto And Glencore Test Investor Support For A Merger
A deal aimed at capturing a bigger slice of the metals market, the proposed $160 billion merger of Rio Tinto and Glencore, appears doomed to fail, just as last year's $50 billion attempt by BHP to acquire Anglo American also failed.
Neutral
Reuters
5 days ago
Glencore and Rio Tinto's mining operations
Glencore approached Rio Tinto , late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said.
Neutral
Kitco
5 days ago
Massive mining sector shakeup: Bloomberg reports Rio Tinto and Glencore in preliminary deal talks
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Neutral
Zacks Investment Research
5 days ago
RIO Sees 1% Dip in Iron Ore Output in 2024: How to Play the Stock?
Rio Tinto RIO reported iron ore shipments (on a 100% basis) of 86.5 million tons (Mt) for the fourth quarter of 2024, which declined 1% year over year. This takes RIO's yearly total to 328 Mt, down 1% year over year, but within its guidance of 323-338 Mt.
Positive
Proactive Investors
5 days ago
Rio Tinto, Glencore in talks for potential industry-changing merger – Bloomberg
Mining giants Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Glencore PLC (LSE:GLEN) have reportedly engaged in preliminary discussions about a potential merger, Bloomberg reported on Thursday, citing sources familiar with the matter. The talks, which remain in the early stages, could pave the way for the mining industry's largest-ever deal, reshaping the global landscape.
Neutral
Reuters
5 days ago
Rio Tinto, Glencore are said to discuss potential merger, Bloomberg News reports
Rio Tinto and Glencore Plc GLEN.L have been discussing combining their businesses, Bloomberg News reported on Thursday, citing people familiar with the matter.
Neutral
Business Wire
6 days ago
Rio Tinto releases fourth quarter production results
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “Our operating performance in 2024 was good, consistent with our ongoing commitment to strengthen the business as we execute our strategy to deliver profitable growth. The implementation of our Safe Production System has again contributed to greater consistency across key operations, including our iron ore assets in the Pilbara and our bauxite operations in Australia, where Amrun and Gove achieved record annu.
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