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.
RIO just recently announced one their biggest ever profits and...
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Last
$114.24 |
Change
-0.330(0.29%) |
Mkt cap ! $42.40B | |||
| Open | High | Low | Value | Volume |
| $114.30 | $115.11 | $113.64 | $105.3M | 921.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $114.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $114.24 | 416 | 1 |
View Market Depth
| Last trade - 16.11pm 11/09/2025 (20 minute delay) ? |
| RIO (ASX) Chart |