Seeking Alpha

Rio Tinto named top global mining stock by J.P. Morgan, +3.7% premarket

  • Rio Tinto (RIO) +3.7% premarket and the day's top performer on the FTSE after J.P. Morgan Cazenove names the stock its top pick in the global mining sector.
  • RIO is poised to generate an estimated free cash flow of 9% in 2015, “among the highest across the market, and be in a position to augment a ~4% dividend yield with additional returns of capital,” JPM says.
  • The firm also raises its view of the overall group to Overweight from Underweight, expecting free cash flow improvement, capital returns potential and attractive relative valuation begin to be appreciated more fully in H2.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs