- Rio Tinto’s first-quarter Pilbara iron ore shipments on a 100% basis reached 78.0 million tons, decreasing by 5.5% year-over-year which missed estimates of 79.1 million tons.
- Pilbara iron ore production was 77.9 million tons on a 100% basis, a decrease of 1.8% year-over-year.
- Mined copper production reached 140,100 tons, falling short of the estimated 155,151 tons.
- The refined copper output was 62,500 tons, marking a growth of 6.1% year-over-year.
- Bauxite production stood at 13.4 million tons, just shy of the estimated 13.43 million tons.
- Alumina production made a minor gain of 0.2% year-over-year, reaching 1.86 million tons, which is under the estimated 1.93 million tons.
- Aluminum production escalated to 826,000 tons, growing by 5.2% year-over-year, almost matching the estimated 826,793 tons.
- IOC iron ore pellets and concentrate production was calculated at 2.6 million tons.
- Rio Tinto foresees Pilbara unit cost per ton to lie between $21.75 and $23.50.
- The company continues to foresee Pilbara iron ore shipments on a 100% basis to be between 323 million to 338 million tons.
- Mined copper production is still estimated to fall between 660,000 to 720,000 tons.
- Refined copper output is predicted to be in the range of 230,000 to 260,000 tons.
- Copper C1 unit cost/lb is expected to stay between $1.40 and $1.60.
- Bauxite production is still estimated to reach between 53 million to 56 million tons.
- Alumina production is forecasted to be around 7.6 million to 7.9 million tons.
- Aluminum production for the year is projected to be 3.2 million to 3.4 million tons.
- The company’s shares have received 14 buys, 9 holds, and no sells according to more recent data.
Rio Tinto PLC on Smartkarma
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Smartkarma, an independent investment research network, provides analyst coverage on Rio Tinto PLC by analysts like Jesus Rodriguez Aguilar. In their reports, Jesus discusses the discounts to NAV for covered holdcos that tightened in January, including interesting trades like GBL vs. listed assets and Rio spread. The discounts to NAV for different holdcos like GBL and Investor B narrowed, while the Rio DLC spread widened slightly. Noteworthy trades mentioned in the report are GBL vs. listed assets and long RIO LN/short RIO AU strategies.
In another report by Jesus Rodriguez Aguilar on Smartkarma, the analyst covers the discounts to NAV of covered holdcos in October, noting no clear trend. The report highlights holding trades and interesting comparisons like Investor B vs. listed assets, Porsche SE vs. listed assets, and the Rio DLC. Discounts to NAV for companies like GBL and Heineken Holding remained relatively stable, while the Rio DLC spread widened. The report mentions intriguing trades such as long RIO LN/short RIO AU alongside discussions on listed assets and various holdcos’ NAV discrepancies.
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A look at Rio Tinto PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Rio Tinto PLC seems to have a positive long-term outlook. The company scores well in crucial areas, with a strong emphasis on dividends and overall resilience. With solid scores in growth and momentum, Rio Tinto PLC portrays stability in its operations. Additionally, the company’s value score suggests it may present an attractive investment opportunity.
Rio Tinto PLC, an international mining company with a diversified portfolio encompassing various commodities, appears well-positioned for sustainable growth. Noteworthy for its robust dividend performance and operational resilience, Rio Tinto PLC also demonstrates consistent momentum and growth prospects. Overall, the company’s smart scores paint a promising picture for its future prospects within the mining sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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