Rio Tinto PLC

Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
  • TickerRIO
  • ISINGB0007188757
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryAustralia
Alain William

ODDO : Just like that. Act 1 of the re-rating is over. Profit-taking required

>Stock-market impact linked to COVID-19 erased! Seriously? - Diversified mining groups have rebounded strongly from their March lows (+46% outperformance for the MSCI Metals Mining relative to the MSCI Europe) thanks to 1/ the recovery of activity in China, 2/ decisive actions by central banks, 3/ fiscal stimulus plans in China and developed countries and 4/ the (apparent) success of the lifting of lockdown strategies. The sector is also benefiting from the strong reb...

Alain William

ODDO : Comme si de rien était. L’acte I du rerating est passé. Prise de profit requise

>L’impact boursier lié au COVID-19 a été effacé ! Sérieusement ? - Les groupes miniers diversifiés ont fortement rebondi depuis leur point bas de mars dernier (+46% de surperformance pour le MSCI Metals Mining en relatif au MSCI Europe) grâce 1/ à la reprise de l’activité en Chine, 2/ aux actions décisives des Banques Centrales, 3/ aux plans de relance budgétaire en Chine et dans les pays développés et 4/ à la réussite (apparente) des stratégies de déconfinement. Le s...

Alain William ...
  • Alexandre Iatrides
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Nicolas David

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/16/2020

We reiterate our Buy recommendation on Bolloré, with a revised target price of € 3.8, reflecting upside of 38%. Despite poor visibility, we expect EBITA for Bolloré Transport & Logistics' EBITA to grow solidly as a result of robust growth in the ports business and also tight control of costs (fall in investments). A simplification operation, to increase the stake in Vivendi in the coming quarters, still seems plausible, in our view. - Cf. company report published today. - ...

Alain William ...
  • Alexandre Iatrides
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Nicolas David

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/06/2020

Nous réitérons notre opinion Achat sur Bolloré avec un nouvel objectif de cours de 3.8 € faisant ressortir un potentiel de 38%. Malgré une faible visibilité, nous tablons sur une progression solide de l’EBITA de Bolloré Transport & Logistics sous l’effet d’une croissance solide de l’activité portuaire et aussi d’un strict contrôle des coûts (baisse des investissements). Une opération de simplification, pour accroitre la participation dans Vivendi, nous semble toujours crédible ces pro...

Alain William

ODDO BHF Small & MIDCAP MORNING NEWS - 06/16/2020

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Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

USD weakness a tailwind for int'l markets With markets showing signs of weakening at logical resistance as outlined in last week's Int'l Compass - we recommend being selective in new purchases. At the same time we are seeing a number of indicators that are giving signals conducive to higher equity prices, meaning global equities may be gearing up for an eventual breakout topside resistance. Below we highlight some attractive and actionable themes along with indicators that support our overall constructive outlook. • USD (DXY) breaking down; Euro, CAD breaking out. Throughout all of 2019 we h...

Jérôme VINERIER

Analyse court terme - RIO TINTO : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 3 927,50 p. La rupture de 3 403,00 p mettrait la tendance en danger.

Jérôme VINERIER

Short term view - RIO TINTO : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at 3,927.50 p. The break of 3,403.00 p would endanger the trend.

Jérôme VINERIER

Short term view - RIO TINTO : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 3,927.50 p. The next target is at 3,403.00 p, then 3,207.00 p. Passing 4,190.00 p would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - RIO TINTO : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 3 927,50 p prochainement. Le prochain objectif est à 3 403,00 p, puis 3 207,00 p. Le franchissement de 4 190,00 p remettrait en cause la suite de la baisse.

Alain William

ODDO : Just like that. Act 1 of the re-rating is over. Profit-taking required

>Stock-market impact linked to COVID-19 erased! Seriously? - Diversified mining groups have rebounded strongly from their March lows (+46% outperformance for the MSCI Metals Mining relative to the MSCI Europe) thanks to 1/ the recovery of activity in China, 2/ decisive actions by central banks, 3/ fiscal stimulus plans in China and developed countries and 4/ the (apparent) success of the lifting of lockdown strategies. The sector is also benefiting from the strong reb...

Alain William

ODDO : Comme si de rien était. L’acte I du rerating est passé. Prise de profit requise

>L’impact boursier lié au COVID-19 a été effacé ! Sérieusement ? - Les groupes miniers diversifiés ont fortement rebondi depuis leur point bas de mars dernier (+46% de surperformance pour le MSCI Metals Mining en relatif au MSCI Europe) grâce 1/ à la reprise de l’activité en Chine, 2/ aux actions décisives des Banques Centrales, 3/ aux plans de relance budgétaire en Chine et dans les pays développés et 4/ à la réussite (apparente) des stratégies de déconfinement. Le s...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Bruno Cavalier
  • Charles Lepetitpas
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/20/2020

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Alain William

ODDO : Vale reduces its iron ore production guidance: the market will remain strained for longer

>Vale slashes its iron ore production guidance - Last Friday Vale announced a reduction in its guidance for iron ore production in 2020 of 251e30Mt (i.e. to 310-330Mt vs 340-355Mt) and that for its pellet production to 35-40Mt (vs 44Mt). The group pointed to: 1/ a poor Q1 (-8Mt) due to excessively heavy rains notably in March; 2/ a postponement of the restart in operations that had been halted (-10Mt); 3/ a lower utilisation rate at the Brucutu factory (-6Mt to -12Mt);...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Bruno Cavalier
  • Charles Lepetitpas
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/04/2020

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Rio Tinto: FAQ on operations, financial policy, and share buybacks

CORPORATES ISSUER IN-DEPTH 21 November 2017 RATINGS Long-term rating A3 Outlook Stable Source: Moody's Investors Service CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Rio Tinto FAQ on operations, financial policy, and share buybacks » Solid assets, low-cost operations support A3 rating. Rio has a strong asset base, large- sca

Rio Tinto: Key Facts and Statistics - H1 June 2017

CORPORATES ISSUER PROFILE 10 November 2017 TABLE OF CONTENTS Company overview 1 Business description 2 Management strategy 3 Financial highlights 5 Capital structure and debt maturity 7 Company management 8 Ownership structure 9 Subsidiaries 10 Peer Group 10 Related Websites and Information

Rio Tinto - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  Rio Tinto - June 2017 (LTM) 11 October 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Jun-15 FYE Jun-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

Rio Tinto's $2.5 Billion Debt-Reduction Plan Is Credit Positive

  ISSUER COMMENT  CORPORATES   MAY 25, 2017  Rio Tinto’s $2.5 Billion Debt-Reduction Plan Is  Credit Positive  From  Credit Outlook   On Monday, Rio Tinto (A3 stable senior unsecured for all rated entities within the Rio Tinto  group) said that it

Rio Tinto: Update to Rating Rationale

CORPORATES CREDIT OPINION 28 February 2017 Update Contacts Carol Cowan 212-553-4999 Senior Vice President [email protected] Brian Oak 212-553-2946 MD-Corporate Finance [email protected] Rio Tinto Update to Rating Rationale Summary Rating Rationale Rio Tinto’s A3 senior unsecured rating reflects the group’s large scale and low cost operations across its major segments, particularly its iron

Alain William ...
  • Alexandre Iatrides
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Nicolas David

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/16/2020

We reiterate our Buy recommendation on Bolloré, with a revised target price of € 3.8, reflecting upside of 38%. Despite poor visibility, we expect EBITA for Bolloré Transport & Logistics' EBITA to grow solidly as a result of robust growth in the ports business and also tight control of costs (fall in investments). A simplification operation, to increase the stake in Vivendi in the coming quarters, still seems plausible, in our view. - Cf. company report published today. - ...

Alain William ...
  • Alexandre Iatrides
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Nicolas David

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/06/2020

Nous réitérons notre opinion Achat sur Bolloré avec un nouvel objectif de cours de 3.8 € faisant ressortir un potentiel de 38%. Malgré une faible visibilité, nous tablons sur une progression solide de l’EBITA de Bolloré Transport & Logistics sous l’effet d’une croissance solide de l’activité portuaire et aussi d’un strict contrôle des coûts (baisse des investissements). Une opération de simplification, pour accroitre la participation dans Vivendi, nous semble toujours crédible ces pro...

Alain William

ODDO BHF Small & MIDCAP MORNING NEWS - 06/16/2020

...

Alain William

ODDO BHF Small & MIDCAP MORNING NEWS - 16/06/2020

...

Alain William ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Jean Danjou
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/17/2020

The impacts of the COVID-19 pandemic are massive on the hotel/leisure sector (2020e EPS forecast down 41%). They undermine the weakest players. Our preference henceforth goes to the most resilient business models and the most solid balance sheets; Advantage Accor and Whitbread. Cf. report published last evening. - ...

RIO TINTO PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of RIO TINTO PLC. (GB), a company active in the General Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 21, 2020, the closing price was GBp 4,608.50 and its potential was estimated at GBp 4,995.35.

Philip Morrish

Value Indicator - UK Basic Resources 30122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis fof the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 30122019

Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Basic Resources 23122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 23122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.

Expert Corporate Governance Service (ECGS)

Rio Tinto Plc – AGM 08 April 2020

Dual Listed Companies structure: Resolutions 1 to 21 (inclusive) will be voted by both Rio Tinto plc and Rio Tinto Limited shareholders. Resolutions 22 to 25 will be voted on by Rio Tinto plcns shareholders only.   Item 2: Approve the remuneration report   The overall remuneration is not in line with our policy. The CEOns base salary and total remuneration significantly exceed the peer group medians. The STI payout at 150% of base salary confirms a weak alignment between executive remuneration and the group's short-term performance due to the excessive bonus potential. 30% of the bonus de...

Expert Corporate Governance Service (ECGS)

Rio Tinto April 10th, 2019

The Company is currently involved in lawsuits related to a series of scandals.  This includes a bribery scandal, fraud scandal and tax scandal. In July 2017, the UKns Serious Fraud Office launched an investigation into a 2011 payment of $10.5m made in connection with the Simandou project to François Polge de Combret, a French banking consultant who was a university friend of President Alpha Conde of Guinea and connected to the Simandou project. The Company has stated that it is fully complying with authorities but has not admitted to bribery. The investigation is still ongoing but could lead ...

Expert Corporate Governance Service (ECGS)

Proxy Report - 11/04/2018

Bribery Scandal: In 2016, Rio Tinto notified relevant authorities in the United States, United Kingdom and Australia of information concerning contractual payments totaling US$10.5 million made in 2010 to François Polge de Combret, a consultant, former Lazard banker and university friend of President Alpha Condé of Guinea, who provided advisory services on the Simandou project in Guinea. On March 15, 2018, investigators from the UK’s Serious Fraud Office (SFO) raided the London home of Mr. de Combret in pursuit of evidence to build their bribery case.   The payments at the centre of the bri...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 27/06/2017

Item 1: To approve the sale of its 100% of the interest in the share capital of Coal & Allied Industries to YancoalShareholders are asked to approve the disposal of Coal & Allied Industries, a subsidiary of the Company. The proposed buyer, Yancoal, is deemed to be a related party to the Company under UK Listing Rules and as such the listing rules require approval of the shareholders of the listed company for such a transaction. The Board states that the divestment is consistent with the Company’s strategy to re-allocate capital in order to ensure high returns to shareholders. Under the terms o...

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