UBS has given Rio Tinto a "Neutral" rating and set a target price of 5250 pence. The anticipated start of production at the new iron ore mine in Simandou, Guinea is projected for 2025, but there may be challenges due to heavy rainfall and political uncertainties in the region.
Rio Tinto shares are currently trading positively at around €58.86, reflecting a 0.70% increase. The stock has fluctuated across different trading platforms, reaching as high as €59.11 on Tradegate and $61.00 on Nasdaq OTC. The company"s year high is €68.50, while the year low is €53.64.