Rio Tinto: Jefferies maintains Buy rating after results
(CercleFinance.com) - Jefferies confirms its 'buy' rating on Rio Tinto shares, maintaing its target price at 6,000 pence, following the publication of a 2024 EBITDA of $23.
3bn, which was actually slightly below the consensus and the broker's estimate.
Nevertheless, copper and aluminum combined accounted for a significantly higher share of EBITDA (29% on a sector basis) than in recent years, it highlights in its comments on the mining group.
Increased capex weighed on cash flow, but Rio Tinto's dividend was once again at the top end of the 40%-60% payout range, Jefferies points out.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
3bn, which was actually slightly below the consensus and the broker's estimate.
Nevertheless, copper and aluminum combined accounted for a significantly higher share of EBITDA (29% on a sector basis) than in recent years, it highlights in its comments on the mining group.
Increased capex weighed on cash flow, but Rio Tinto's dividend was once again at the top end of the 40%-60% payout range, Jefferies points out.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.