Rio Tinto reports results on Friday, 18 Jan

• The chart shows the price movement last time Rio Tinto reported: Q3 Production, 16 Oct.
• Shares opened -23.5p (-0.6%), rose as high as +13p (+0.3%), and fell as low as -50p (-1.3%)
• The shares closed +1.5p (+0.0%) for a daily range of 63p  or 1.7%.
• Rio Tinto issues a Q4 Production Update on Friday 17 Jan (late Thurs evening to be precise).
• Currently 3855p (at time of writing). Will we see another big move?
• Shares -19.7% from 2018 highs; +5.4% from 2018 lows; -7.7% year-to-date.
• 8 Jan: Citi says price threat to miners may be misread.
• 24 Dec: Reuters quotes sources saying Rio Tinto may list Canadian iron ore unit
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

Click to enlarge

Trading Rio Tinto – An Example

Let’s say you think that Rio Tinto results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Rio Tinto using CFDs, at the current price of 3855p. To do this, you need £2,000.

For the purpose of this example, let’s assume Rio Tinto reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss 3% below the current price. Rio Tinto results miss, it falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.