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Rio Tinto Upgraded To Neutral By Goldman Sachs
Monday, June 27, 2016 - 8:56am | 232Read More...Rio Tinto plc (ADR) (NYSE: RIO) has seen a 23.3 percent decline in its share price since mid-April, as compared to a 14 percent decline in the ASX 100. Goldman Sachs’ Craig Sainsbury upgraded the rating on the company from Sell to Neutral, with a price target of A$43. Short-Term Positives...
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Australian "Super Tax" Slams Materials (FCX, X, AA, RTP)
Monday, May 3, 2010 - 11:36am | 154Read More...Stocks in the metals and mining sector are getting slammed today after Australia announced it was planning to impose a "super-tax" on resource companies' profits. The 40 percent tax would begin in 2012 and raise $11 billion in its first two years. Citigroup mining analyst Craig Sainsbury said the...
