daytrading august 12 afternoon, page-28

For anyone interested:

BROKER ALERTS ((1 x RIO - Nothing special today))

Macquarie rates RIO as Outperform (1) -

Rio Tinto's first half may have been in line with expectations but Macquarie observes the result masked a 5% miss in the flagship iron ore division relative to consensus which was offset by stronger contributions from historically weaker parts of the portfolio, specifically Pacific Aluminium. Moreover, cost cutting seems to be supported by mostly one-off factors. There was nothing new in the report for Macquarie.

The near-term earnings outlook is relatively unchanged and the Outperform rating and $75.00 price target are maintained.

Target price is $75.00 Current Price is $60.25 Difference: $14.75
If RIO meets the Macquarie target it will return approximately 24% (excluding dividends, fees and charges).

The company's fiscal year ends in June. Macquarie forecasts a full year FY13 dividend of 173.27 cents and EPS of 481.79 cents. At the last closing share price the estimated dividend yield is 2.88%.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.51.

Market Sentiment: 1.0