arbitrage opp in $riothe rio tinto stock in austrailia is trading at AUD65.95 then convert it in USD we would get $50 but the rio tinto stock trading in the NYSE is trading at 45.41 instead of 50, go long $RIO and sell at 50
Key stats
Market capitalization
110.646BUSD
Dividends yield (FY)
7.39%
Price to earnings Ratio (TTM)
8.60
Basic EPS (TTM)
7.78USD
About Rio Tinto Plc
ISIN
US7672041008
Sector
Non-Energy Minerals
Industry
Other Metals/Minerals
Website
riotinto.com
CEO
Jakob Stausholm
Headquarters
London
Employees
53.726K
Founded
1962
Rio Tinto Plc engages in the exploration, mining, and processing of mineral resources. It operates through the following business segments: Iron Ore, Aluminium, Copper and Diamonds, Energy and Minerals, and Other Operations. The Iron Ore segment supplies global seaborne iron ore trade. The Aluminium segment produces bauxite, alumina and primary aluminum. The Copper and Diamonds segment offers gold, silver, molybdenum and other by-products. The Energy and Minerals includes businesses with products such as uranium, borates, salt and titanium dioxide feedstock together with coal operations. The Other Operations segment covers the the curtailed Gove alumina refinery and Rio Tinto Marine operations. Rio Tinto was founded in 1873 and is headquartered in London, the United Kingdom.
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