I agree it’s the cheapest of the miners, however BHP is probably an overall safer option given diversification. RIOs iron ore earnings is likely what’s concerning fundies hence the dump. Risk with BHP is its annual reporting coming out, however the coal asset sales might see a spike for a buyback/special dividend if they chose to not reduce debt. If BHP was circa $42-low $43 I’d chose that over Rio in the $108s.
both are good long term buys though.
I agree it’s the cheapest of the miners, however BHP is probably...
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Last
$120.20 |
Change
-0.420(0.35%) |
Mkt cap ! $44.62B | |||
| Open | High | Low | Value | Volume |
| $120.57 | $121.00 | $119.65 | $202.9M | 1.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4351 | $120.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.20 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$120.24 |
Change
-0.420 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $120.73 | $120.99 | $119.66 | 172376 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| RIO (ASX) Chart |