Jim Cramer on Rio Tinto (RIO): “I Like Rio Tinto”

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where Rio Tinto Group (NYSE:RIO) stands against other stocks that Jim Cramer discusses.

A caller asked what Cramer thought of Rio Tinto Group, and he remarked:

“I like Rio Tinto. I like Rio. I like the yield. I like the company. It’s a globe-trotting company, so to speak. I like those guys.”

Aerial view of an open pit mine, with workers extracting minerals.

Rio Tinto mines and processes various minerals such as iron ore, aluminum, and copper. Additionally, the company works on projects for materials like lithium and manages related infrastructure. Over the past year, RIO stock went down more than 14%. Moreover, back in January, when Cramer was asked about the company, he said:

“Rio Tinto is really a play on the Chinese economy and I think the Chinese economy is *glass breaking buzzer sound*.”

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This article is originally published at Insider Monkey.