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Rio Tinto Limited
Rio Tinto plc (ASX:RIO) is engaged in worldwide exploration and development of metals and minerals including gold, aluminium, diamonds, copper, uranium, iron ore, thermal and metallurgical coal, and also industrial minerals comprising borates, titanium dioxide, and salt. As of date, the company has a large market cap of AUD 35.88 billion with ~ 371.22 million outstanding shares. At the end of the market session on March 7th, 2019, the RIO stock last traded at a sell-off price of AUD 92.050, diving by 4.759%, reflecting an intra-day decline of AUD 4.600. Regardless, the stock has exhibited an uptrend this year with a positive YTD return of 26.09%.
Recently, the company revised its measure of the Mineral Resource estimate for the Pilbara iron ore deposits in Western Australia to 23,319 Mt in 2018. For the financial year ended December 31st, 2018 (FY2018), Rio Tinto posted gross revenue of $ 18.5 billion (FY2017: $ 18.3 billion) and the underlying EBITDA of $ 11.3 billion (FY2017: $ 11.5 billion) with a 42% margin. At the end of the period, the net cash stood at $ 0.3 billion.
BHP Group Limited
The Melbourne-based BHP Group (ASX:BHP) is another metals and mining company that explores, acquires and develops natural resources like molybdenum, , iron, oil and gas, gold, zinc, etc. for commercial production.
The Groupâs current market capitalisation stands high at AUD 110.82 billion with approximately 2.95 billion outstanding shares. As the trading session concluded on March 7th, 2019, the BHP stock closed at a selling price of AUD 37.370, down 0.665%, depicting an intra-day fall of AUD 0.250 which is quite close to its 52-week high of AUD 38.200. Over the past three months, the stock price continued to trend upward with a return yield of 24.96%. Besides, BHP has also generated a positive YTD return of 16.50% so far.
As per the results released for the half-year ended December 31st, 2018, BHP Groupâs attributable profit stood at USD 3.8 billion with an underlying EBITDA of USD 10.5 billion at a margin of 52% from continuing operations. Moreover, the company generated net operating cash flow and free cash flow of USD 6.7 billion and USD 3.6 billion respectively from continuing operations with volume and commodity prices in accord with the previous period. The fully franked interim dividend for the concerned period has been declared as USD 55 cents to be paid on March 26th, 2019.
Fortescue Metals Group Ltd
Fortescue Metals Group Ltd (ASX:FMG) is into excavation, development and commercialisation of iron ore deposits in China, Australia, and other countries. Its wholly owned project portfolio comprises the Solomon Hub (Firetail and Kings Valley mines), the Chichester Hub (Cloudbreak and Christmas Creek mines) and Port Hedland. In addition, the approval for the development of the Eliwana mine and rail project has been sanctioned.
Currently, Fortescue Metals has a large market capitalisation of AUD 20.35 billion with around 3.08 billion outstanding shares. At the close of market trading on March 7th, the FMG stockâs last sell-off price stood at AUD 6.600, down 0.151% indicating an intra-day fall of AUD 0.010 and ~15.73 million shares traded through the day. The stock has performed reasonably well over the past few months with positive return yields for the three months and six months at 62.07% and 82.77% respectively.
The company ended the December 31st, 2018, quarter with net cash in hand of USD 962 million along with the gross debt and net debt of USD 4 billion and USD 3 billion respectively.
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