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Pin to quick picksRio Tinto Share News (RIO)

Share Price Information for Rio Tinto (RIO)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 5,359.00
Bid: 5,368.00
Ask: 5,370.00
Change: 30.00 (0.56%)
Spread: 2.00 (0.037%)
Open: 5,363.00
High: 5,379.00
Low: 5,341.00
Prev. Close: 5,329.00
RIO Live PriceLast checked at -

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Deutsche Bank upgrades Rio Tinto to 'buy'

Mon, 05th Jun 2023 13:30

(Sharecast News) - Deutsche Bank upgraded Rio Tinto to 'buy' from 'hold' on Monday and lifted the price target to 6,200p from 6,000p.

The bank noted that this was its first upgrade in more than two years.

"With the shares now down more than 20% from the year-to-date high, we see attractive value underpinned by a high quality, cash generative business," it said.

It said consensus has turned progressively more bearish towards Rio over the past three years due to persistent concerns over the iron ore market and company specific ESG and strategy issues.

"We have trimmed back our near-term iron ore prices ($110/115/t in 2023/24 from ~$120/t), but remain more bullish than consensus (DB more than 15% ahead on 2024 EBITDA) and see 30% total return potential on a 12-month basis.)"

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Serbia's green activists rally against Rio Tinto lithium project

LOZNICA, Serbia, June 28 (Reuters) - Scores of people in western Serbia's town of Loznica rallied on Friday to protest the contested Rio Tinto lithium project in the Balkan country, fearing its development will damage the environment.

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Berenberg downgrades Anglo American, Rio Tinto

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27 Jun 2024 09:49

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Rio Tinto

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13 Jun 2024 14:19

Environmental studies show Serbian lithium project is safe, Rio says

BELGRADE, June 13 (Reuters) - Anglo-Australian miner Rio Tinto said on Thursday newly published environmental studies showed that its Serbia lithium project, which was stopped in 2022 after massive protests, would be safe for the environment.

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13 Jun 2024 11:38

Environmental studies show Serbian lithium project is safe, Rio says

BELGRADE, June 13 (Reuters) - Anglo-Australian miner Rio Tinto said on Thursday newly published environmental studies showed that its Serbia lithium project, which was stopped in 2022 after massive protests, would be safe for the environment.

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(Alliance News) - Stock prices in London opened higher on Tuesday, after a difficult day for markets on Monday amid the EU election fallout.

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