RIO just recently announced one their biggest ever profits and one of the biggest ever by a miner.
The share price should run hard up to the next dividend payout on the 10/03/22.
At current prices it is paying a dividend yield of around 12.5% and has PE of 6.5.
Recently announced its 2021 profit results which showed a record net earnings of $21.1usd (29aud) billion up 116% from 2020.
With a price of $150 its dividend yield will be 9.5% and its PE will be 8.5, still looking like a cheap mining stock.
With rising commodity price forecast in 2022, profits and its dividend yield will only continue to rise, a share price of $150 is inevitable this year IMO.
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$115.30 |
Change
-1.640(1.40%) |
Mkt cap ! $42.79B | |||
| Open | High | Low | Value | Volume |
| $115.00 | $115.51 | $114.22 | $44.24M | 384.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 77 | $115.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.31 | 203 | 14 |
View Market Depth
| Last trade - 11.24am 10/09/2025 (20 minute delay) ? |
| RIO (ASX) Chart |