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VanEck Steel ETF

108.34

+0.32810.30%

Pre-market: 111.002.66+2.46%07:02 EDT

Volume:17.98K

Turnover:1.95M

Market Cap:173.34M

PE:- -

High:108.95

Open:108.22

Low:107.24

Close:108.01

52wk High:114.00

52wk Low:69.12

Shares:1.60M

Float Shares:1.60M

Volume Ratio:1.71

T/O Rate:1.12%

Dividend:1.32

Dividend Rate:1.22%

ROE:--

ROA:--

PB:--

PE(LYR):- -

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Overview Company News Filings

ArcelorMittal's Q2 Revenue Rises on Higher Steel Prices

Investors Likely on Close Watch for Any Rio Tinto Deal News

Rio Tinto Impresses on Iron Ore Costs

Rio Tinto Might Need to Hang Onto Titanium Business Till Markets Improve

Canada's Algoma Steel Q2 Revenue Falls

United States Lime & Minerals Q2 Revenue Rises on Higher Construction, Steel Demand

Should BHP’s 2027 Copper and Iron Ore Output Guidance Require Action From BHP Group (ASX:BHP) Investors?

Simply Wall St.

Rio Tinto upgraded to Buy from Neutral at Goldman Sachs

Nucor (NUE) Stock Drops As Record Shipments Meet Valuation Doubts

Simply Wall St.

Rio Tinto's Cash Gusher Fuels Biggest Dividend Boost in Years

Benzinga Earnings

Rio Tinto (RIO) Gets a Hold from Jefferies

Record Mining Profits Can’t Fix Copper’s Broken Supply Chain

Benzinga Earnings

Nucor (NUE): New Buy Recommendation for This Basic Materials Giant

Nucor Corp : Barclays Raises Target Price to $295 from $272

THOMSON REUTERS

Analysts Offer Insights on Materials Companies: Nucor (NUE) and Ecolab (ECL)

Steel Dynamics reinstated with a Buy at Goldman Sachs

Rio Tinto H1 Adj. EPS $4.21, Inline, Sales $31.028B Miss $32.030B Estimate

Benzinga Earnings

Luxembourg's Befesa Q2 Revenue Rises on Higher Zinc Prices

Dow Jones Top Company Headlines at 1 am ET: Mark Zuckerberg Says U.S. Should Accelerate AI Development, not Restrict it | Morgan ...

Some of Rio Tinto's Targeted Cost Savings Already Priced In

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strateg","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260730:nL1N43W059:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport,express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0154245673.USD","IE00BSNM7G36.USD","LU1430597077.USD","PYZ","PICK","LU0345780950.USD","NUE","LU1023061473.USD","LU0788109121.HKD","LU0868494617.USD","AAL.UK","LU0630314457.HKD","SG9999002521.SGD","LU1023059493.AUD","LU0330918003.SGD","LU0612318385.USD","SLX","LU0654597011.USD","LU0171281750.USD","LU0161305163.EUR","LU0345781412.USD","LU1015430645.USD","LU0075056555.USD","BK4006","LU0054450605.USD","ASTL","LU0449515922.USD","LU2023250504.SGD","LU0171293334.USD","LU2106854487.HKD","LU0575583348.USD","LU0321505439.SGD","LU1917777945.USD","BK5111","LU0266512127.USD","LU0612318971.USD","LU0170899867.USD","LU0321505868.SGD","BK4585","LU0456854461.SGD","LU1023061713.HKD","LU0154245756.USD","BK4588","LU0505663152.USD","LU1974910355.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655684236","title":"Investors Likely on Close Watch for Any Rio Tinto Deal News","url":"https://stock-news.laohu8.com/highlight/detail?id=2655684236","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655684236?lang=en_us&edition=fundamental","pubTime":"2026-07-30 12:38","pubTimestamp":1785386280,"startTime":"0","endTime":"0","summary":"0438 GMT - All eyes will be on Rio Tinto over the next few months after a six-month standstill on deal talks with Glencore expires on Aug. 5, Macquarie says. Analysts at the bank say they were surprised by the \"distinct lack\" of M&A discussion on a 1H results call. Copper \"is clearly a commodity Rio likes, and it may look to add [copper] exposure inorganically given its strong balance sheet,\" the bank says. Macquarie has a neutral rating and A$180.00 target on Rio's Sydney-listed shares. The stock is up 0.9% at A$166.82.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["ISBC","ICOP","BK4588","BK4585","BK7511","BK7095","SLX","BK7507","BK4168","LIT","RIO.AU","RIO","BK4211","GLNCY"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655841658","title":"Rio Tinto Impresses on Iron Ore Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=2655841658","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655841658?lang=en_us&edition=fundamental","pubTime":"2026-07-30 11:07","pubTimestamp":1785380820,"startTime":"0","endTime":"0","summary":"0307 GMT - Rio Tinto achieved some very impressive cost control at its Pilbara iron-ore operations in 1H, says Barclays analyst Amos Fletcher. Cash costs of US$25.0/ton were 7% below Barclays's expectations and 5% below consensus, he says. \"Pilbara unit cost inflation was -7.1% [year over year] in constant currency terms for 1H26--impressive considering external pressures in the period,\" says Fletcher. Diesel prices, for one, have been materially higher, he says. Fletcher says the key was strong productivity gains, which included stopping using some underutilized equipment. One risk to watch ahead will be the unionization of the workforce in the Pilbara, which could have a negative influence on volumes and costs for all producers there, he says. Rio shares are up 1.1% in Sydney at A$167.14.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4588","BK4168","BK7511","ICOP","RIO","BK4585","LIT","SLX","BK7507","RIO.AU","BK7095"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655841373","title":"Rio Tinto Might Need to Hang Onto Titanium Business Till Markets Improve","url":"https://stock-news.laohu8.com/highlight/detail?id=2655841373","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655841373?lang=en_us&edition=fundamental","pubTime":"2026-07-30 10:57","pubTimestamp":1785380220,"startTime":"0","endTime":"0","summary":"0257 GMT - Weak titanium-dioxide markets mean Rio Tinto might need to keep its iron and titanium business for now, according to Barclays analyst Amos Fletcher. Rio has been evaluating options for the unit as CEO Simon Trott works to simplify the giant miner's sprawling global operations. At Rio's 1H result, management flagged very weak markets that mean a sales process is likely to take longer than expected, says Fletcher. The business \"may ultimately need to be retained pending better market conditions,\" he says. Rio shares are 1.5% higher in Sydney at A$167.87.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4585","BK7511","RIO","BK4168","BK7095","SLX","LIT","ICOP","BK4588","BK7507","RIO.AU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655776812","title":"Canada's Algoma Steel Q2 Revenue Falls","url":"https://stock-news.laohu8.com/highlight/detail?id=2655776812","media":"Reuters","labels":["dataReport","express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655776812?lang=en_us&edition=fundamental","pubTime":"2026-07-30 05:44","pubTimestamp":1785361481,"startTime":"0","endTime":"0","summary":"Canada's Algoma Steel Q2 revenue fallsOverviewCanada steel plate producer's Q2 revenue fell yr/yrAdjusted EBITDA for Q2 turned positive and beat analyst expectationsResults reflect shift to EAF steelm","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260729:nL1N43V1LU:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport,express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["RYZ","NUE","ASTL","USLM","LU0075056555.USD","PYZ","BK4588","LU0788109121.HKD","LU1023059493.AUD","LU0868494617.USD","BK4006","BK4011","PICK","LU0154245756.USD","SLX","BK4585","LU0330918003.SGD","LU0154245673.USD","LU0170899867.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655812634","title":"United States Lime & Minerals Q2 Revenue Rises on Higher Construction, Steel Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=2655812634","media":"Reuters","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655812634?lang=en_us&edition=fundamental","pubTime":"2026-07-30 05:21","pubTimestamp":1785360110,"startTime":"0","endTime":"0","summary":"United States Lime & Minerals Q2 revenue rises on higher construction, steel demandOverviewUS lime and limestone producer's Q2 revenue rose 8.3% yr/yr on higher construction and steel demandQ2 net inc","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260729:nL1N43V1KB:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1023059493.AUD","BK4561","LU2506952170.USD","LU2463526074.USD","LU0170899867.USD","LU2506952097.USD","EXP","PYZ","BK4585","BK4588","LU0788109121.HKD","LU2506951958.HKD","PKB","LU0075056555.USD","IE00B64QTZ34.USD","LU2506951875.HKD","LU0868494617.USD","NUE","BK4516","IE00BLDYK493.USD","BK4006","LU0823417653.USD","LU0154245756.USD","BK4011","USLM","LU0330918003.SGD","LU0950375773.USD","SLX","VMC","LU0823417737.USD","LU0154245673.USD","PICK"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655158038","title":"Should BHP’s 2027 Copper and Iron Ore Output Guidance Require Action From BHP Group (ASX:BHP) Investors?","url":"https://stock-news.laohu8.com/highlight/detail?id=2655158038","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655158038?lang=en_us&edition=fundamental","pubTime":"2026-07-30 01:14","pubTimestamp":1785345278,"startTime":"0","endTime":"0","summary":"BHP Group Limited recently reported its fourth-quarter and full-year 2026 production results, highlighting lower copper and iron ore output but higher steelmaking and energy coal volumes across its portfolio.\nAt the same time, BHP issued production guidance for fiscal 2027 that points to broadly steady group volumes, giving investors clearer visibility into expected copper, iron ore, and coal output.\nWe’ll now examine how BHP’s new 2027 production guidance for copper and iron ore may...","market":"sg","thumbnail":"https://images.simplywall.st/asset/company-cover/256654-main-header/1585186732463","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/company-cover/256654-main-header/1585186732463"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/materials/asx-bhp/bhp-group-shares/news/should-bhps-2027-copper-and-iron-ore-output-guidance-require","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/au/materials/asx-bhp/bhp-group-shares/news/should-bhps-2027-copper-and-iron-ore-output-guidance-require","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["CPXR","BK4588","FLBR","BK7511","COPX","LU0300736062.USD","PICK","COPP","SLX","BHP","BK4535","CPER","BK4585","ISBC","XME","BK7507","GUNR","LU0300736492.USD","BK4168","COPJ","BHP.AU","BK7095","DBB","BK4211","UYM","SETM","FBZ","ICOP","COAL"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655843897","title":"Rio Tinto upgraded to Buy from Neutral at Goldman Sachs","url":"https://stock-news.laohu8.com/highlight/detail?id=2655843897","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655843897?lang=en_us&edition=fundamental","pubTime":"2026-07-30 00:35","pubTimestamp":1785342918,"startTime":"0","endTime":"0","summary":"Goldman Sachs analyst Matt Greene upgraded Rio Tinto (RIO) to Buy from Neutral with an 8,200 GBp price target Published first on TheFly – the ultim...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/rio-tinto-upgraded-to-buy-from-neutral-at-goldman-sachs-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/rio-tinto-upgraded-to-buy-from-neutral-at-goldman-sachs-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4168","BK4585","LIT","RIO","SLX","ICOP","BK4588"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655894342","title":"Nucor (NUE) Stock Drops As Record Shipments Meet Valuation 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That drop sits awkwardly against a quarter in which earnings power looked anything but soft. Basic earnings per share in Q2 landed just above US$5 on revenue of about US$10.4b, and management reported roughly US$2.0b of consolidated earnings before interest, taxes, depreciation and amortization.\nThe real story is profit strength. Net income reached roughly US$1.2b and...","market":"sg","thumbnail":"https://images.simplywall.st/asset/company-cover/184945-main-header/1756254244069","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/company-cover/184945-main-header/1756254244069"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/materials/nyse-nue/nucor/news/nucor-nue-stock-drops-as-record-shipments-meet-valuation-dou","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/materials/nyse-nue/nucor/news/nucor-nue-stock-drops-as-record-shipments-meet-valuation-dou","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["LU0170899867.USD","LU0154245756.USD","GXDW","BK4588","DECU","PICK","VGFPF","PYZ","VOTE","LU0154245673.USD","LU0075056555.USD","LU0788109121.HKD","BK4585","JOYT","PMDE","BK4006","FEBU","SLX","LU0868494617.USD","NUE","RGLO","LU1023059493.AUD","LU0330918003.SGD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655896232","title":"Rio Tinto's Cash Gusher Fuels Biggest Dividend Boost in Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2655896232","media":"Benzinga Earnings","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655896232?lang=en_us&edition=fundamental","pubTime":"2026-07-29 22:09","pubTimestamp":1785334147,"startTime":"0","endTime":"0","summary":"Rio Tinto (RIO) stock rises on strong H1 2026 results: earnings meet estimates, free cash flow hits $3.8B, and dividend leaps.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/markets/large-cap/26/07/60762027/rio-tintos-cash-gusher-fuels-biggest-dividend-boost-in-years","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4168","BK4585","RIO","SLX","BK4588","LIT"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655896990","title":"Rio Tinto (RIO) Gets a Hold from Jefferies","url":"https://stock-news.laohu8.com/highlight/detail?id=2655896990","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655896990?lang=en_us&edition=fundamental","pubTime":"2026-07-29 21:56","pubTimestamp":1785333394,"startTime":"0","endTime":"0","summary":"Jefferies analyst Chris LaFemina maintained a Hold rating on Rio Tinto today and set a price target of £77.00. LaFemina covers the Basic Materials ...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/rio-tinto-rio-gets-a-hold-from-jefferies-blurbs-news-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/rio-tinto-rio-gets-a-hold-from-jefferies-blurbs-news-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4585","BK4588","SLX","UYM","ICOP","RIO","BK4168","LIT"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655186183","title":"Record Mining Profits Can’t Fix Copper’s Broken Supply Chain","url":"https://stock-news.laohu8.com/highlight/detail?id=2655186183","media":"Benzinga Earnings","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655186183?lang=en_us&edition=fundamental","pubTime":"2026-07-29 18:43","pubTimestamp":1785321817,"startTime":"0","endTime":"0","summary":"Rio Tinto’s earnings surged on strong copper profits, but aging mines, smelting chokepoints, and supply fragile systems pose risks.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/markets/commodities/26/07/60753102/record-mining-profits-cant-fix-coppers-broken-supply-chain","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0612318971.USD","COAL","CPXR","LU0075056555.USD","GMET","LU1992135399.USD","LU0128525929.USD","SETM","TRUM","LIT","LU0132412106.USD","BHP","LU0572108347.SGD","SG9999002521.SGD","COPJ","UYM","IE00B19Z3581.USD","LU1883866441.USD","LU1366334651.USD","BK4588","LU0788109121.HKD","EMET","IE00B894F039.SGD","IE00B19Z9P08.USD","FCXG","SLX","COPP","IE00B19Z9Z06.USD","LU2272731782.SGD","LU0300736062.USD","LU0791591158.USD","LU1366334578.USD","LU1430597077.USD","SCCO","ICOP","CPER","XME","DBB","PICK","FCX","RIO","FMTL","COPX","LU0266512473.USD","LU0300736492.USD","LU1992135472.HKD","LU0612318385.USD","EART","COPA","BK4015"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2655077866","title":"Nucor (NUE): New Buy Recommendation for This Basic Materials Giant","url":"https://stock-news.laohu8.com/highlight/detail?id=2655077866","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655077866?lang=en_us&edition=fundamental","pubTime":"2026-07-29 18:15","pubTimestamp":1785320151,"startTime":"0","endTime":"0","summary":"Wells Fargo analyst Timna Tanners maintained a Buy rating on Nucor yesterday and set a price target of $297.00. 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of Rio Tinto's Targeted Cost Savings Already Priced In","url":"https://stock-news.laohu8.com/highlight/detail?id=2655431834","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2655431834?lang=en_us&edition=fundamental","pubTime":"2026-07-29 09:05","pubTimestamp":1785287100,"startTime":"0","endTime":"0","summary":"0105 GMT - While Rio Tinto is pursuing rising productivity gains, its target of US$1.8 billion in annualized cost savings by the end of 2026 includes \"volume benefits largely already in consensus,\" says Morgan Stanley analyst Rahul Anand. He says the miner's 1H profit and cash flow beats appear to be largely driven by lower taxes and higher contributions from joint-venture partners. MS has an underweight rating and target price of 147.50 Australian dollars on Rio. 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