Broker tips: Dowlais, Rio Tinto, Dr Martens
5th Jun 2023 07:36
(Sharecast News) - Jefferies initiated coverage of Dowlais - which was recently spun off from Melrose Industries - on Monday with a 'buy' rating and 155p price target, offering upside of around 21%.
Read moreDirector dealings: Wetherspoon CEO makes £0.14m sale, Rio Tinto non-exec invests
12th May 2023 11:06
(Sharecast News) - Wetherspoon was on the list of director sells on Friday, after the company disclosed a transaction worth more than £0.14m made by its chief executive officer.
Read moreBerenberg reiterates 'buy' rating on Rio Tinto
21st Apr 2023 11:52
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating on mining giant Rio Tinto on Friday after the group delivered a "fairly stable" first-quarter performance.
Read moreRio Tinto cuts copper production guidance, posts record iron ore shipments
20th Apr 2023 07:03
(Sharecast News) - Rio Tinto reported record first-quarter iron ore shipments from its Plibara operations in Western Australia as China ramped up steel production, but cut copper output guidance due to issues at its US Kennecott and Chilean Escondida operations.
Read moreRio Tinto joins forces with First Quantum on Peru copper project
31st Mar 2023 07:52
(Sharecast News) - Rio Tinto has agreed to sell a majority stake in its La Granja copper project in Peru to Canada's First Quantum Minerals for $105m.
Read moreUBS upgrades Glencore to 'buy' after recent selloff
20th Mar 2023 12:45
(Sharecast News) - UBS upgraded Glencore to 'buy' from 'neutral' on Monday as it said the risk/reward was now attractive after the recent selloff.
Read moreRio Tinto pays $15m to settle Guinea bribery case
7th Mar 2023 07:21
(Sharecast News) - Rio Tinto has agreed to pay a $15m penalty over bribery charges brought by the US Securities and Exchange Commission, involving payments to a consultant in Guinea to keep mining rights over a project in the country.
Read moreBank of America 'broadly positive' on miners, says buy Rio, 'likes' Centamin
2nd Mar 2023 15:10
(Sharecast News) - Analysts at Bank of America sounded a "still broadly positive" note on the outlook for European Metals and Mining equities.
Read moreRio Tinto halves dividend as profits slump on weak China demand
22nd Feb 2023 07:19
(Sharecast News) - Rio Tinto halved its dividend as profits slumped by more than a third due to weaker iron ore prices on the back of slowing demand from China and higher costs.
Read moreSector movers: Miners and Big Pharma drag
1st Feb 2023 21:33
(Sharecast News) - Miners were again the main drag on the stock market on a mixed day for industrial metals' prices as traders waited on the Federal Reserve's interest rate decision and policy guidance on Wednesday evening.
Read moreTiny missing Rio Tinto 'needle in haystack' capsule found in Western Australia
1st Feb 2023 07:39
(Sharecast News) - A miniscule radioactive capsule lost by Australian miner Rio Tinto has been recovered in the remote Western Australian outback, officials said on Wednesday.
Read moreRio Tinto loses radioactive capsule in Australian outback
30th Jan 2023 09:04
(Sharecast News) - Iron ore giant Rio Tinto has lost a radioactive capsule somewhere in Western Australia, between the town of Newman and the state's capital city.
Read moreSector movers: Automobiles drag on stocks, miners track copper higher
18th Jan 2023 19:25
(Sharecast News) - Automobiles paced losses on the stock market in the middle of the week after TI Fluid Systems warned that its fourth quarter revenues took a hit from Covid restrictions and a switch to electric vehicles in China.
Read moreRio Tinto warns of risks from China as Q4 iron ore shipments rise
17th Jan 2023 07:02
(Sharecast News) - Mining giant Rio Tinto said China's dismantling of Covid-19 restrictions raised risks of labour and supply-chain shortages as it reported a 4% increase in iron ore shipments in the fourth quarter.
Read moreBarclays downgrades Antofagasta, upgrades Rio
12th Jan 2023 12:44
(Sharecast News) - Barclays downgraded Antofagasta but upgraded Rio Tinto on Thursday as it took a look at European metals and mining stocks, arguing that the China pivot has room to run.
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