RIO’s 3Q16 production result was mixed. Copper production was weaker than expected & iron-ore shipments were broadly in line with market expectations. Thermal coal & coking coal delivered strong production numbers.
FY17 forecast revenue of $35b, EBIT of $5.5b, EPS $2.00 and DPS of $1.10, places the stock on a forward yield of almost 3%.
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RIO.ASX
