ALPESH PATEL’S PICK OF THE DAY & FREE 30 DAY TRIAL EXCLUSIVELY TO SBM READERS
PICK OF THE DAY
Rio Tinto Plc RIO:LSE BUY
Today we’ve picked the Rio Tinto Plc. as our pick of the day. Rio Tinto Plc. is an international mining company. Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, gold, industrial minerals (borates, titanium dioxide and salt), iron ore, thermal and metallurgical coal and uranium. The Company has activities worldwide and is represented in Australia and North America with businesses in Asia, Europe, Africa and South America.
FUNDAMENTALS AND TECHNICALS
Company Financials
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Stock Price: 3,511 GBX |
Market Capitalization: £64.54bn |
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52-week range: 2,579 – 3,872 GBX |
Shares outstanding: 1.84bn |
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P/E (TTM) : |
Annual div (TTM) : 114.62 GBX |
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EPS (TTM) : -2.3684 GBP |
Annual div yield (TTM) : 3.31% |
Chart
Created using Sharescope Pro
Fundamental and Technical Analysis
Rio Tinto Plc. (RIO:LSE) is trading at 3,511GBp which is 9% lower than the 52-week high set on February 2013. Rio Tinto Plc. has been rated a 7 out 10 in our Value/Growth rating and gets an A Grade rating on our Bullish Momentum meter. Year on year Revenues fell 15.85%. However, Dividends are up year on year 15.17%.
From a technical standpoint, the stock has been trading sideways during the previous weeks, breaking above recent highs just recently. The uptrend seems to have the potential to continue as the weekly and monthly MACDs are pointing upwards.
We’re looking to buy the stock at the current price of 3,511GBp, hold it for the next 2-4 months and our target price is the 4,000GBp. As initial stop level we will use the 3,000GBp and as the stock progresses towards our target we will trail our stops higher using the uptrend’s ascending trendline.
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