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Rio Tinto is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We expect to see buying interest pick up near the current $84 price level.
Buy RIO within the price range indicated on the chart below.
OZ Minerals is on our radar following the price retracement back to $8.60.
We expect buying support to build and the short-term indicators to turn positive.
1H19 EBITDA of $163m and NPAT of $44m were broadly in line with consensus and the interim dividend was 8c. Forward yield is 4.5%.
Fortescue Metals Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
The FY19 earnings result was solid with underlying EBITDA US$6b, the strong result helped to drive down net debt to US$2.1b which reflects a gearing ratio of 16%.
A final dividend of A$0.24 was declared, lifting the full-year payment to
A$1.14, translating to a yield of 16%.
Volatility in spot iron-ore prices continues to be a key driver of the share price. Iron ore futures are now trading at their lowest price in more than six months.
Note: RIO at $83 is now on our watchlists and we suggest tracking the short-term indicators for a reversal higher.
Coles Group remains under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
The share price has rallied 6% over the past week and we now recommend selling covered call options to enhance the income return.
COL goes ex-div $0.24 on the 28th of August.
Northern Star Resources is under Algo Engine buy conditions and a current holding in the ASX 100 model portfolio.
The stock has recently retraced from $14.00 back down to $11.50. We expect to see buying support increase for Northern Star and other gold produces.
Also, review EVN & GOR.
Long-term graph of the gold price.