Thanks to material iron ore price tailwinds, Rio Tinto managed to deliver a healthy set of H1 results, despite various other issues. Moreover, by leveraging its balance sheet, the group announced record interim dividends of $3.5bn. While iron ore is (and is likely to remain) a cash cow, all eyes are now pinned on how the copper and aluminium divisions perform/recover in the coming years. After a strong ytd run-up, buying on (macro-driven) share price corrections should be apt entry opportunit
02 Aug 2019
Iron Ore-driven results (and dividends); time to focus on Aluminium and Copper
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Iron Ore-driven results (and dividends); time to focus on Aluminium and Copper
Rio Tinto plc (RIO:LON) | 5,314 -3666.7 (-1.3%) | Mkt Cap: 66,558m
- Published:
02 Aug 2019 -
Author:
Varun Sikka -
Pages:
4
Thanks to material iron ore price tailwinds, Rio Tinto managed to deliver a healthy set of H1 results, despite various other issues. Moreover, by leveraging its balance sheet, the group announced record interim dividends of $3.5bn. While iron ore is (and is likely to remain) a cash cow, all eyes are now pinned on how the copper and aluminium divisions perform/recover in the coming years. After a strong ytd run-up, buying on (macro-driven) share price corrections should be apt entry opportunit