FTSE miners among the headline rise and fall shares on Monday

FTSE 100 miners occupied many of the top spots on the highlight reel on Monday, with three in particular posting some of the biggest blue-chip gains and losses.

Rio Tinto started bright

Leading the pack was Rio Tinto (LON:RIO), bouncing 4.68% after the first bell on Monday morning. This rally took the company to its highest price of the year, and its almost 4% rally on the Australian exchange took it to its third-highest price in the year-to-date, despite the pandemic slowing down its operations.

After losing some ground during morning trading, Rio Tinto shares are currently trading at 5,018.39p, up 0.53% or 26.39p 14/09/20 12:00 GMT.

The company’s p/e ratio is currently 10.05, its dividend yield is generous at 6.01%.

Glencore continues recovery trajectory

The second of our FTSE miners, Glencore plc (LON:GLEN) followed close behind, up 4.35% after the bell. This comes despite consistent headwinds against the company’s growth, including controversies and falling copper prices, and more recently COVID hitting its share price.

After more than halving from 239.00p to 112.50p a share between February and March, the company’s shares have since been on a gradual but largely upward trajectory. The now sit up 0.34% or 0.62p at midday, at 182.62p 14/09/20, with some way to go before recovering to pre-pandemic levels.

The company’s p/e ratio is currently 14.57, while its dividend yield sits at 4.43%.

Fresnillo hops down from its year-to-date high

The third of our FTSE miners, Fresnillo plc (LON:FRES), led the pack of large-cap Monday fallers, down 6.14% or 83.00p to 1,269.00p a share 12:30 GMT 14/09/20.

Monday’s drop follows something of a subdued start to the year for the Mexican-focused miner, with 2019 production and profits behind expectations. Today’s price, however, is a blip in an otherwise upward-surging trajectory for Fresnillo shares. Having started the year on 644.00p apiece, shares have more than doubled in value, fluctuating between 1,200p and 1,300p since the end of July.

The company’s p/e ratio is encouraging at 74.95, their dividend yield is currently 0.92%.

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Senior Journalist at the UK Investor Magazine. Also a contributing writer at the Investment Observer, UK Property Journal and UK Startup Magazine. Postgraduate of King's College London with a specialisation in Business Ethics. Interested in Development Economics and David Hume.