Rio Tinto: Improved Conditions Can Augur Well (Rating Upgrade)

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temizyurek An analysis of the iron ore miner Rio Tinto (NYSE:RIO) is a very good example right now of just how much things can change in just a quarter to alter perspective on it. When I wrote about it the last time, in December 2023, there were clear signs that its price was due for a correction, prompting me to change my rating on it from Buy to Hold. And indeed, the correction has happened, with a 9% fall in its price since. But this price fall has also been accompanied by changes in its fundamentals. Here I assess them...