RIO will and can fall like lead especially if iron ore goes sub 100. My view is BHP presents much better value at these levels, especially given copper represents an almost double RIOs copper earnings.
I own a lot of this with core holdings I don’t sell, but it’s too pricey compared to BHP. Prefer BHPs more diversified earnings base coupled with far superior iron ore business (not tonnage, rather higher margins/FCF and less capex spend required in the short to medium term).
Why so few RIO posts here?, page-23
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Last
$111.02 |
Change
0.290(0.26%) |
Mkt cap ! $41.21B | |||
| Open | High | Low | Value | Volume |
| $110.31 | $111.67 | $110.06 | $107.5M | 971.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 123 | $111.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $111.03 | 3394 | 2 |
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| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |