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.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: