Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest update is out from Rio Tinto Limited ( (AU:RIO) ).
Rio Tinto announced strong financial results for 2024, with underlying EBITDA of $23.3 billion and a net cash flow of $15.6 billion, despite a decline in iron ore prices. The company declared a $6.5 billion ordinary dividend, reflecting a consistent payout strategy. Rio Tinto is set to enhance its growth trajectory with projects like the Oyu Tolgoi mine and the acquisition of Arcadium Lithium, highlighting its commitment to energy transition commodities. Safety remains a priority following several fatalities, and the company continues to focus on reducing its carbon footprint through renewable energy initiatives and innovations like the BioIron™ process.
More about Rio Tinto Limited
Rio Tinto Limited is a leading global mining group that focuses on finding, mining, and processing mineral resources. Its primary products include iron ore, aluminum, copper, diamonds, energy products, gold, and industrial minerals. The company operates across various continents with significant market focus on sustainable and efficient mining practices to support global infrastructure and consumption needs.
YTD Price Performance: 5.08%
Average Trading Volume: 771
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $108.6B
For a thorough assessment of RIO stock, go to TipRanks’ Stock Analysis page.
