ALPESH PATEL’S PICK OF THE DAY & FREE 30 DAY TRIAL EXCLUSIVELY TO SBM READERS

By
1 mins. to read

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

Stock Price: 3,511 GBX

Market Capitalization: £64.54bn

52-week range: 2,579 – 3,872 GBX

Shares outstanding: 1.84bn

P/E (TTM) :

Annual div (TTM) : 114.62 GBX

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.

FOR A FREE TRIAL TO ALPESH’S NEW SERVICE EXCLUSIVELY FOR SBM READERS – CLICK THE BANNER BELOW


Comments (0)

Comments are closed.

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.