Rio Tinto is the world's lowest-cost iron ore miner, but boomtime investment destroyed returns.
Rio Tinto continues to enjoy a near-term tailwind from strong commodity prices. We raise our fair value estimate by 2% to AUD 44 per share for the no-moat-rated firm, reflecting better near-term earnings. We raise our 2017 adjusted earnings forecast by 7% to AUD 6.82 per share and our 2018 estimate by 5% to AUD 4.65. Higher forecasts reflect generally favourable commodity prices, particularly for aluminium, copper, and iron ore.Rio Tinto remains overvalued. The market is increasingly comfortabl...
Rio Tinto is a mining group based in the United Kingdom and Australia. Co. is engaged in the business of finding, mining and processing mineral resources. Co.'s major products are iron ore, aluminium, copper, diamonds, coal, uranium, gold and industrial minerals (borax, titanium dioxide and salt). Co.'s activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and Africa. Co.'s operations comprise four principal product groups - Iron Ore, Aluminium, Copper and Diamonds, and Energy & Minerals.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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