RIO - RIO TINTO LIMITED
Citi rates RIO as Buy (1) - Citi analysts take their clientele to Memory Lane, the good old days of the 1980s and 1990s when Rio Tinto was the world's pre-eminent mining company. Oh how things have changed since.
Is it possible for the company to regain that position? Citi analysts believe the answer lies not with more acquisitions, and neither should today's large exposure to iron ore prove an insurmountable barrier.
The solution, the analysts suggest, lies with maintaining conservative gearing ratio’s and returning cash to shareholders. Buy rating retained, as well as the $70 price target.
Target price is $70.00 Current Price is $62.10 Difference: $7.9 If RIO meets the Citi target it will return approximately 13% (excluding dividends, fees and charges). Current consensus price target is $71.63, suggesting upside of 15.4%(ex-dividends)The company's fiscal year ends in December.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 428.89 cents and EPS of 699.77 cents .At the last closing share price the estimated dividend yield is 6.91%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.87. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 690.1, implying annual growth of N/A.Current consensus DPS estimate is 374.2, implying a prospective dividend yield of 6.0%.Current consensus EPS estimate suggests the PER is 9.0.Forecast for FY18:
Citi forecasts a full year FY18 dividend of 277.52 cents and EPS of 452.66 cents .At the last closing share price the estimated dividend yield is 4.47%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.72. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 479.4, implying annual growth of -30.5%.Current consensus DPS estimate is 277.7, implying a prospective dividend yield of 4.5%.Current consensus EPS estimate suggests the PER is 13.0.
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RIO - RIO TINTO LIMITED Citi rates RIO as Buy (1) - Citi...
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Last
$121.76 |
Change
0.830(0.69%) |
Mkt cap ! $45.19B |
Open | High | Low | Value | Volume |
$122.26 | $123.10 | $121.60 | $222.7M | 1.819M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 789 | $121.50 |
Sellers (Offers)
Price($) | Vol. | No. |
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$122.88 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 789 | 121.500 |
1 | 800 | 121.000 |
1 | 8 | 120.930 |
1 | 7 | 120.750 |
1 | 750 | 120.600 |
Price($) | Vol. | No. |
---|---|---|
122.880 | 1000 | 1 |
122.930 | 540 | 1 |
122.950 | 200 | 1 |
123.000 | 320 | 4 |
123.090 | 100 | 1 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$122.00 |
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Change
0.830 ( 1.13 %) |
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Open | High | Low | Volume | ||
$121.84 | $123.10 | $121.46 | 342628 | ||
Last updated 15.59pm 29/03/2024 ? |
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RIO (ASX) Chart |