RIO 2.86% $113.70 rio tinto limited

RIO

  1. 401 Posts.
    A good buy at these levels.

    Following recent political developments in South Africa where it is proposed black empowerment groups will be able to buy in to 25% of each project in the country I am very wary of the implications to BHP.

    I would look at RIO or WPL.

    Reasons:

    *Political risk in South Africa is a strong negative for BHP.
    *RIO Tinto has historically outperformed BHP in terms of creating shareholder wealth.
    *Rio Tinto has historically outperformed BHP in terms of peak cycle valuations.
    *Superior dividend yield from both RIO Tinto (3.7%) and Woodside Petroleum (5.1%) over BHP (2.8%).

    RIO and WPL have a very similar asset mix to BHP without the inherint risk that is now associated with it.


 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
(20min delay)
Last
$113.70
Change
-3.350(2.86%)
Mkt cap ! $42.20B
Open High Low Value Volume
$115.11 $115.63 $113.07 $165.5M 1.451M

Buyers (Bids)

No. Vol. Price($)
1 78 $113.70
 

Sellers (Offers)

Price($) Vol. No.
$113.72 197 1
View Market Depth
Last trade - 16.10pm 28/01/2021 (20 minute delay) ?
(live)
Last
$113.42
  Change
-3.350 ( 3.05 %)
Open High Low Volume
$115.14 $115.56 $113.07 113795
Last updated 15.59pm 28/01/2021 (live) ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.