Latest Rio Tinto Plc (RIO) Headlines Here's Whe
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Here's Where Things Get Really Ugly for Caterpillar
Rich Duprey, The Motley Fool - Motley Fool - Thu Mar 13, 7:33PM CDT
After reporting some horrible numbers over the past year, heavy-equipment manufacturer Caterpillar looked like it finally bulldozed its way out the deep hole it dug. Shares have climbed nearly 25% above their 52-week low, helped along by higher...
Look for Shares of Rio Tinto to Potentially Rebound after Yesterday's 2.25% Sell Off
Comtex SmarTrend(R) - Thu Mar 13, 4:50PM CDT
Rio Tinto (NYSE:RIO) traded in a range yesterday that spanned from a low of $51.58 to a high of $53.72. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $51.60 on volume of 6.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Are BHP Billiton and Rio Tinto Right to Play Down the Iron Ore Slump?
Varun Chandan, Arora, The Motley Fool - Motley Fool - Thu Mar 13, 11:21AM CDT
Shares of BHP Billiton , Rio Tinto , and Vale came under significant pressure earlier this week as iron prices slumped. Iron prices have since recovered slightly, and so have shares of all three companies. Meanwhile, BHP Billiton and Rio Tinto...
More Worries for Freeport-McMoRan Copper & Gold Inc.
Vladimir Zernov, The Motley Fool - Motley Fool - Wed Mar 12, 9:09AM CDT
China remains a key driver of demand for copper. This is why copper prices plummeted after the country allowed a relatively small solar firm to default on its corporate debt. Previously, the government reacted to similar situations and bailed out...
Who Will Benefit From Low Iron Ore Prices?
Vladimir Zernov, The Motley Fool - Motley Fool - Wed Mar 12, 8:30AM CDT
Iron ore prices reached new yearly lows after an unexpected drop in February Chinese exports. China is a key source of demand for iron ore, as the country leads in the production of steel. That's why any news pointing to the slowdown in economic...
A Bear Market for Iron Ore Is Bad News for These Miners
Varun Chandan, Arora, The Motley Fool - Motley Fool - Tue Mar 11, 10:08AM CDT
Iron ore prices continued to slump on Monday, entering into bear market territory as China weighed heavily on the market. After registering strong gains in 2013, iron ore prices have tumbled this year. Sharp declines in iron ore prices could shut...
Fool's Gold Report: Gold Stands Firm Against China Data As Other Metals Drop
Dan Caplinger, The Motley Fool - Motley Fool - Mon Mar 10, 6:36PM CDT
Gold investors have looked closely at goings-on abroad recently, with the Crimea attracting the attention of markets generally. But today, the focus shifted to China and its extremely weak export data, as oil, copper, and other commodities fell...
Watch for Rio Tinto to Potentially Rebound After Falling 3.54% Yesterday
Comtex SmarTrend(R) - Fri Mar 07, 4:02PM CST
Rio Tinto (NYSE:RIO) traded in a range yesterday that spanned from a low of $52.81 to a high of $54.13. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $54.53 on volume of 5.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Optimism Around Alcoa May Be Excessive
Vladimir Zernov, The Motley Fool - Motley Fool - Fri Mar 07, 11:21AM CST
So far this year, Alcoa outperformed general market, rising 14% year-to-date. Its shares demonstrated strength despite the soft fourth-quarter report, which came in below analysts' expectations and brought $1.7 billion of non-cash goodwill...
Why Turquoise Hill Resources (TRQ) Is Gaining Today
at The Street - Fri Mar 07, 9:18AM CST
Shares of Turquoise Hill Resources (TRQ) are gaining Friday following a report that Rio Tinto (RIO) is considering a bid for the 49.2% of the company it doesn't own.
Steel is Keeping this Miner Down
Reuben Brewer, The Motley Fool - Motley Fool - Thu Mar 06, 11:50AM CST
Walter Energy increased production in 2013. It increased the amount of metallurgical coal it sold by 5%. It reduced costs by 14%. But the company still lost $5.74 a share. The culprits were a nearly 10% drop in selling prices and one-time charges...
Peru Admits Obvious in Newmont Mining's Conga Project
Rich Duprey, The Motley Fool - Motley Fool - Wed Mar 05, 4:00PM CST
Peru's vice president admitted the obvious yesterday: Newmont Mining 's copper and gold project Minas Congas remains stalled, and though hopeful it will one day advance, local communities remains steadfast in their opposition. So much...
AeroVironment Soars Amid Commercial Drone Use Buzz
at Investor's Business Daily - Wed Mar 05, 12:55PM CST
AeroVironment (AVAV) shares surged to a five-year high Wednesday as a positive earnings announcement and Facebook's (FB) recent purchase of a small dronemaker added to buzz that commercial applications are becoming more of a reality. AeroVironment, a...
Vale S.A.'s Dependence on Exports Increases
Vladimir Zernov, The Motley Fool - Motley Fool - Tue Mar 04, 1:25PM CST
Vale has been focusing on its core iron ore business for some time. In order to accomplish this task, the company has been selling its non-core assets like its stake in the aluminum producer Norsk Hydro and in the logistics company VLI . The...
Downgrade Alert for Rio Tinto (RIO)
Comtex SmarTrend(R) - Tue Mar 04, 7:07AM CST
Rio Tinto (NYSE:RIO) was downgraded from Buy to Neutral at Citigroup today. The stock closed yesterday at $55.76 on volume of 3.6 million shares, above average daily volume of 3.2 million. Rio Tinto (NYSE:RIO) has potential upside of 8.7% based on a current price of $55.76 and analysts' consensus price target of $60.60. The stock should find initial support at its 50-day moving average (MA) of $54.97 and further support at its 200-day MA of $49.52.
Watch for Rio Tinto to Potentially Rebound After Falling 2.69% Yesterday
Comtex SmarTrend(R) - Mon Mar 03, 5:11PM CST
Rio Tinto (NYSE:RIO) traded in a range yesterday that spanned from a low of $55.50 to a high of $56.03. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $56.47 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
These Miners Are Well Placed to Ride out Declining Iron Ore Prices
Rupert Hargreaves, The Motley Fool - Motley Fool - Sat Mar 01, 10:38AM CST
After putting in a strong performance during 2013, iron ore prices have fallen to an eight-month low in the past few weeks as concerns about a property bubble within China hit the demand for steel. However, while the falling demand for iron ore will...
New Supply Deal Doesn't Solve Cliffs Natural Resources' Problems
Vladimir Zernov, The Motley Fool - Motley Fool - Sat Mar 01, 8:52AM CST
Cliffs Natural Resources recently announced an agreement with ArcelorMittal to supply iron ore pellets for an additional two years through January 2017. This is good news for Cliffs Natural Resources, as it prolongs the life of its Empire mine,...
Cliffs and ArcelorMittal Extend Tie-up - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 28, 2:10PM CST
Cliffs has extended its iron ore pellets supply commercial agreement and Empire Mine joint partnership with ArcelorMittal.
India is Changing and Foreigners are Licking their Chops
Reuben Brewer, The Motley Fool - Motley Fool - Fri Feb 28, 9:05AM CST
Although it lives in the shadows of China, India is a fast growing nation in its own right. However, with growth often comes difficult change. One area that's working through such dislocations is steel—and that spells an opportunity for iron ore...