Published: Tue, December 05, 2017
Finance | By Loren Pratt

Rio Tinto: $5 billion productivity programme to drive value

Rio Tinto: $5 billion productivity programme to drive value

The stock's 50-day moving average price is GBX 3,086.61 and its 200-day moving average price is GBX 3,232.79. HSBC now has a GBX 4000.00 TP on the 62.40B GBP market cap company or 12.68% upside potential.

However, it was hit with a US lawsuit in October alleging the company and former executives misled investors about the value of assets in Mozambique, a further cloud for a company already grappling with a number of investigations in the USA, United Kingdom and Australia into a $10.5 million payment made to a consultant who helped secure rights to a large iron ore deposit in Guinea.

The stock increased 1.06% or GBX 0.37 during the last trading session, reaching GBX 35.37. About 87,219 shares traded. Advanced Emissions Solutions, Inc. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since December 4, 2016 and is uptrending. It has outperformed by 68.46% the S&P500.

Ratings analysis reveals 100% of ADA-ES's analysts are positive. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. The lowest target is $1800 while the high is $20.0. Piper Jaffray maintained Raven Industries, Inc. The firm has "Sell" rating given on Monday, May 9 by Liberum Capital.

Capital expenditure is expected to be less than US$4.5bn in 2017, US$5.5bn in 2018 and US$6bn in 2019 and 2020.


Analysts await UFP Technologies, Inc. They expect $0.39 earnings per share, up 95.00 % or $0.19 from last year's $0.2 per share. EMR's profit will be $340.16 million for 30.51 P/E if the $0.53 EPS becomes a reality. Its down 11.76% from 533,100 shares previously.

Rio shares rose 1.2% to $72.05 as Chinese iron ore futures continued rising. (NASDAQ:RAVN). Walleye Trading Limited holds 2,200 shares or 0% of its portfolio. The Minnesota-based Punch & Associates Investment Management Inc. has invested 0.51% in the stock. Northpointe Capital Llc, a Michigan-based fund reported 461,049 shares. About 774,512 shares traded.

Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter. It has underperformed by 16.70% the S&P500.

In terms of productivity, the company said, it was targeting $5 billion in additional free cash flow from its five-year productivity programme from 2017-2021. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 10.2 P/E ratio. The Company's products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium. The stock of Synchrony Financial (NYSE:SYF) earned "Buy" rating by BTIG Research on Thursday, May 25. Therefore 66% are positive. The stock has an average rating of "Buy" and a consensus target price of $51.59.

The appointment of Thompson (58), one of Rio Tinto's non-executive directors, who is a former investment banker and senior executive with Anglo American (LON:AAL), follows a flurry of speculation about the person to succeed chairman Jan du Plessis. As per Thursday, July 23, the company rating was maintained by Jefferies. HSBC restated a "buy" rating and set a GBX 4,000 ($53.84) price target on shares of Rio Tinto in a research note on Monday. The firm has "Buy" rating given on Tuesday, August 18 by Deutsche Bank. The stock has "Overweight" rating by Barclays Capital on Tuesday, January 19. Macquarie restated a "buy" rating on shares of Rio Tinto in a research note on Monday, November 6th. The firm has "Buy" rating by Dougherty & Company given on Friday, February 17.

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