Page 7 - Peter Cunningham News Today

Mining giant Rio Tinto has been forced to write off its aluminium making at a $1.2billion loss largely because of punitive climate change emissions reductions, which threaten the industrys viability.

Aluminium weighs on half-year profit

By Rhiannon Hoyle Mining giant Rio Tinto reported a 43% drop in first-half net profit and pared its payout to shareholders, reflecting a fall in commodity...

Rio Tinto Group (LON:RIO – Free Report) had its target price trimmed by Barclays from GBX 6,700 ($86.20) to GBX 6,400 ($82.34) in a report released on Monday morning, Marketbeat.com reports. The firm currently has an equal weight rating on the stock. A number of other equities analysts have also issued reports on RIO. Citigroup […]

Rio Tinto Group (LON: RIO) recently received a number of ratings updates from brokerages and research firms: 7/10/2023 – Rio Tinto Group had its price target lowered by analysts at Barclays PLC from GBX 6,700 ($86.20) to GBX 6,400 ($82.34). They now have an “equal weight” rating on the stock. 7/7/2023 – Rio Tinto Group […]

Rio Tinto Group (LON:RIO – Free Report) had its target price boosted by equities researchers at Royal Bank of Canada from GBX 5,000 ($63.46) to GBX 5,100 ($64.73) in a research note issued on Friday, FlyOnTheWall reports. Royal Bank of Canada’s target price points to a potential upside of 3.76% from the company’s current price. […]

Rio Tinto Group (LON:RIO – Free Report) had its price objective raised by Royal Bank of Canada from GBX 5,000 ($63.46) to GBX 5,100 ($64.73) in a report published on Friday, FlyOnTheWall reports. A number of other analysts have also weighed in on RIO. Citigroup reissued a buy rating on shares of Rio Tinto Group […]

Citigroup restated their buy rating on shares of Rio Tinto Group (LON:RIO – Free Report) in a research note issued to investors on Monday morning, MarketBeat reports. A number of other brokerages have also commented on RIO. Deutsche Bank Aktiengesellschaft raised shares of Rio Tinto Group to a buy rating and cut their price objective […]

Rio Tinto Group (LON:RIO – Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Citigroup in a research report issued on Monday, Digital Look reports. A number of other equities analysts have also issued reports on RIO. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Rio Tinto Group in […]

The 101st running of The Broadmoor Pikes Peak International Hill Climb, brought to you by Gran Turismo added a number of feats and achievements to the long-running story of the "Race to the Clouds." The race is conducted on a 12.