“Rio Tinto (RIO) is a high quality business in great shape, a high margin business with a solid balance sheet,” Raymond said with confidence.

“We expect RIO to gain some growth at a group level over the next few years primarily due to its copper business, while its flagship Pilbara business remains dependent on sticking to its tight mine replacement schedule.

“We recently upgraded our rating to an ADD, following recent share price pressure and feel confident that RIO offers attractive value and a supportive dividend profile at current levels,” Raymond added.

Rio Tinto (RIO) – 9/19 to 9/24

Source: nabtrade

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