Rio Tinto Group is the world's second-largest metals and mining corporation, producing iron ore, copper, diamonds, gold and uranium. The company is stable in revenue growth and pays very generous dividends of 10,4%. Learn the latest information and analysis on the company, RIO stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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Rio Tinto was one of the companies that benefited from the booming commodity sector in 2021.
The Rio Tinto stock price has been growing since November 2021 but had a big dip at the beginning of March. There are concerns the stock may be overblown at $77, so investors hoping to ride the mining wave this year should keep in mind it can go the other way. Possibly it’s a good idea to wait and see as this stock is quite volatile. On March 10, the stock went down 6% after announcing it will cut business ties with Russia. So a lot will depend on the events around Ukraine as well as decisions from the Fed.
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