Rio, BHP receive JP Morgan boost

Investment bank says mining sector has turned corner, tips Rio as market outperformer.

JP Morgan’s British investment bank, JP Morgan Cazenove, has altered its outlook on the mining sector, raising its view from underweight to overweight and driving a resurgence in the share prices of dual-listed market leaders BHP Billiton and Rio Tinto.

The renewed confidence lifted the stock of major mining firms up over 2% in European trade, with Rio’s UK share price jumping close to 5% and BHP’s adding 2.5% by the close of trade.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles