Brokers go all in on Rio, tipping 20pc share price jump

Original article by Alex Gluyas
The Australian Financial Review – Page: 27 : 9-Apr-24

The consensus of analysts is that Rio Tio’s shares will significantly outperform those of rival BHP over the next year. Rio Tinto’s stock is tipped to gain 20 per cent, compared with expectations of a six per cent rise in BHP’s share price. Analysts cite factors such as Rio Tinto’s rising copper production via the Oyu Tolgoi mine in Mongolia, as well as its large aluminium business. Meanwhile, BHP is facing a massive lawsuit over the collapse of a tailings dam in Brazil.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP

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