Fly News Breaks for March 3, 2020
Mar 3, 2020 | 12:21 EDT
Societe Generale analyst Sergey Donskoy upgraded Rio Tinto to Buy from Hold. The analyst said that while the company's near-term earnings outlook is "somewhat opaque due to risks to commodity demand," he believes the share price, which has corrected over 15% due to the coronavirus panic, does not fully reflect "solid" long-term fundamentals. He added that the iron ore market has "demonstrated notable resilience" and sees price benchmarks remaining supported in the near term. Donskoy sees the correction in Rio Tinto shares as a buying opportunity.
News For RIO From the Last 2 Days
May 23, 2022 | 15:25 EDT
Bullish option flow detected in Rio Tinto with 3,957 calls trading, 1.0x expected, and implied vol increasing over 1 point to 37.76%. Jun-22 75 calls and Jun-22 72.5 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.43. Earnings are expected on July 27th.