Rio Tinto share price in focus as Goldman cuts rating and copper takes the wheel
Rio Tinto shares closed up 0.6% at 7,162 pence Monday after Goldman Sachs downgraded the stock to neutral and cut its price target to 74 pounds. The move follows Rio’s warning of higher Pilbara iron ore costs and comes ahead of the March 5 ex-dividend date. Copper prices remain strong, while iron ore faces pressure from weaker Chinese demand. Ben Wyatt, a company executive, bought 100 shares on Feb. 23.