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.
0857 [Dow Jones] STOCK CALL: UBS cuts EPS forecast on Rio Tinto...
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Last
$110.73 |
Change
-1.440(1.28%) |
Mkt cap ! $41.10B | |||
| Open | High | Low | Value | Volume |
| $111.10 | $111.69 | $110.34 | $121.9M | 1.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 430 | $110.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $110.74 | 3594 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |