Professional
Added to YB: 2026-10-14
Pitch date: 2026-09-28
RIO.TO [bullish]
Rio2 Limited
-10.75%
current return
Author Info
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Company Info
Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile.
Market Cap
CAD 1.2B
Pitch Price
CAD 3.35
Price Target
5.75 (+92%)
Dividend
N/A
EV/EBITDA
19.10
P/E
18.40
EV/Sales
7.39
Sector
Metals and Mining
Category
turnaround
Rio2 – Q3 Update; Production Still Suffering from Weather, Q4 Recovery Expected
RIO.TO (hold): Rio2’s Fenix ramp-up remains weather-delayed rather than operationally impaired: estimated Q3 production is ~8.8Koz, but uninterrupted days reached targeted throughput and Q4 is projected at ~17Koz, with commercial production still expected in Q4. The C$5.75 target is maintained; the main risk is further unseasonal snowfall through December, with projected 2026 production of ~40Koz below the withdrawn 60-65Koz guidance.
Read full article (5 min)