‘RIO is a better buy than BHP’

Thursday 29 October 2015

Fairfax’s Stephen-Cauchi is on a roll today:

Rio Tinto has beaten BHP Billiton as Citi’s preferred pick among the big miners, retaining its “buy” rating despite a heavy reliance on iron ore.

Rio, which is currently trading at $52.23, has been given a target price of $58 by Citi.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.