Who does Goldman like heading into reporting season?Rio Tinto (ASX:RIO) gets us off the mark with its December quarter numbers tomorrow morning around 8.30am AEDT.Goldman forecasts it delivered 87.6Mt of iron ore in the December quarter from the Pilbara, against consensus of 86.2Mt, a figure that would see it strike the bottom end of its 320-335Mt guidance.BHP’s (ASX:BHP) (Jan 19) December quarter production is also expected to be up slightly, while Fortescue’s (ASX:FMG) (Jan 29) is forecast to remain flat at 47.5Mt.FMG, Sandfire Resources (ASX:SFR)and New Hope Corp (ASX:NHC) are on Goldman’s sell list, with Rio, mineral sands miner Iluka Resources (ASX:ILU), coking coal miner Coronado (ASX:CRN),BlueScope Steel (ASX:BSL), Mineral Resources (ASX:MIN) and Champion Iron (ASX:CIA) all rated buys on strong free cash flow or high production growth.
Who does Goldman like heading into reporting season?Rio Tinto...
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Last
$7.19 |
Change
-0.050(0.69%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $7.32 | $7.32 | $7.14 | $6.456M | 895.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 8160 | $7.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $7.20 | 5015 | 2 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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$7.20 |
Change
-0.050 ( 0.96 %) |
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| Open | High | Low | Volume | ||
| $7.28 | $7.28 | $7.15 | 116674 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| CIA (ASX) Chart |