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Rio Tinto Plc  (NYSE: RIO)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $62.2050 $0.84 1.361%
Day's High: $62.8914 Week Perf: 2.97 %
Day's Low: $ 62.68 30 Day Perf: 6.55 %
Volume (M): 371 52 Wk High: $ 74.24
Volume (M$): $ 23,336 52 Wk Avg: $64.79
Open: $62.80 52 Wk Low: $57.85



 Market Capitalization (Millions $) 101,485
 Shares Outstanding (Millions) 1,631
 Employees 47,000
 Revenues (TTM) (Millions $) 54,041
 Net Income (TTM) (Millions $) 9,953
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Rio Tinto Plc
Rio Tinto Plc is a multinational mining company based in the United Kingdom. It is one of the largest mining corporations in the world, particularly known for its production of iron ore, aluminum, copper, and diamonds. The company operates in various regions including Australia, North America, and Africa, and has a strong focus on sustainable mining practices. With a history dating back to the 19th century, Rio Tinto Plc has become a key player in the global mining industry, contributing significantly to the global supply of essential minerals and metals.


   Company Address: 6 St. James s Square London 0
   Company Phone Number: 848-8519   Stock Exchange / Ticker: NYSE RIO


   

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Rio Tinto Plc

Rio Tinto Plc's Fourth Quarter 2023 Financial Report Reveals Alarming Deterioration in Earnings per Share by -19.11%

Rio Tinto Plc, the global metal mining company, recently released its financial results for the fourth quarter of 2023, and they were far from impressive. The company reported a disappointing 19.11% deterioration in earnings per share (EPS), which fell from $7.62 to $6.17. Additionally, their revenue took a hit, decreasing by 2.723% to $54.04 billion compared to the same period last year.
This is a concerning development for Rio Tinto, especially when we consider that the rest of the metal mining industry recorded a 2.30% growth in the same quarter. This shows that while Rio Tinto is struggling, its competitors are managing to find success.










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