Time to get involved?
Rio Tinto published its Q4 Production results today
- Iron ore production +2% YoY (upper end of guidance), Copper +33% beats guidance
- Targets 2019 iron ore shipments flat to +3.5%, aluminium down 1-7%, Copper down 5-13%
- Shares trade 3938p (at time of writing)
- Shares -14.2% from 2018 highs; +12.6% from 2018 lows; +5.5% year-to-date
- 17 Jan: RBC says Q4 was solid, but iron-ore prices a worry
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Rio Tinto – An Example
Let’s say you think that Rio Tinto is likely to rise as a result of this news. You decide to buy exposure to £10,000 worth of Rio Tinto using a CFD, at the current price of 3938p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Rio Tinto shares price rises by 10% following the news. Your profit would be £1,000, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Rio Tinto shares fall back 5% and hits your stop-loss. Your loss would be £500
This is provided for information purposes only. It should not be taken as a recommendation.