It appears that they have now started to buy RIO back in London off the back of the US GDP data - up from 1258 to 1278.
The key for RIO is how the analysts adjust their forecasts off the back of this report as opposed to the reported profit figure itself. For example - how do the average copper, aluminium and gold prices achieved stack up to current prices, how the new mine output impacts generated cashflows, etc.
It will be the analysts views that will move this stock in the next week - I suspect if they are midly positive about the future, the current good economic results out of the US tonight may set up a buying spree on this and other cyclicals.
Regards,
Jaysee
It appears that they have now started to buy RIO back in London...
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Last
$115.87 |
Change
-0.040(0.03%) |
Mkt cap ! $43.01B | |||
| Open | High | Low | Value | Volume |
| $117.00 | $117.55 | $115.65 | $140.9M | 1.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12000 | $115.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.08 | 195 | 4 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |