Dividends Feature in 2017 as China Stimulus Buoys Result, but Rio Tinto Is Not an Income Stock
No-moat Rio Tinto's first-half 2017 adjusted net profit after taxes of USD 3.9 billion was slightly weaker than we expected, primarily due to costs...
269 Views
Market Maintains Risky Bet on China's Continued Fiscal Support, and Rio Tinto Exposed Via Iron Ore
We maintain our AUD 42 per share fair value estimate for no-moat-rated Rio Tinto. Second-quarter 2017 was slightly weaker than expected. We lower...
272 Views
Solid Second Quarter for Fortescue; AUD 2.80 Fair Value Maintained
Fortescue’s fiscal 2017 second-quarter iron ore shipments of 42.2 million tonnes were broadly in line with recent periods and our expectation. We...
233 Views
Our Rio Tinto Fair Value Estimate Lifts Marginally to AUD39 Per Share With Solid Finish to 2016
We raise our fair value estimate marginally to AUD 39 per share with Rio Tinto’s solid finish to the year. Fourth-quarter iron ore volumes beat our...
317 Views