|Bid||0.00 x 1000|
|Ask||0.00 x 1100|
|Day's range||76.95 - 79.39|
|52-week range||50.92 - 84.69|
|Beta (5Y monthly)||0.68|
|PE ratio (TTM)||7.28|
|Forward dividend & yield||6.84 (8.67%)|
|Ex-dividend date||11 Aug 2022|
|1y target est||73.39|
Vale (VALE) witnesses a 10% sequential decline in iron ore output in Q4 due to higher rainfall. The company provides iron ore production guidance for 2023 at 310-320 million tons.
Does Rio Tinto (RIO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Rio Tinto (RIO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.