0857 [Dow Jones] STOCK CALL: UBS cuts EPS forecast on Rio Tinto (RIO) by 12%
for 2004, primarily due to sale of Rio's 12% stake in FCX (and elimination of
earnings) and from Grasberg following pit-wall slippage in 2003. "We estimate
Rio will now report a loss of US$5 million from FCX and Grasberg, against our
previous forecast of a profit of US$320 million," UBS tells clients in note.
Raises EPS forecast for 2005 by 8%. Keeps Buy rating on Rio and price target of
A$43.50 vs yesterday's close of A$35.48.
ubs cut eps. forecast s/p $43.50
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Last
$121.11 |
Change
1.480(1.24%) |
Mkt cap ! $44.67B | |||
| Open | High | Low | Value | Volume |
| $119.31 | $121.35 | $118.98 | $126.4M | 1.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 211 | $121.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.12 | 833 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |