Alexander Black - Rio2 Chairman of the Board and Presidentident, CEO
| RIO Stock | CAD 0.58 0.01 1.75% |
Chairman
Mr. Alexander Black is Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Black lives in Lima, Peru and has 35 years experience in the mining industry. Mr. Black holds a BSc in Mining Engineering from the University of South Australia and is a member of the Australasian Institute of Mining and Metallurgy. Prior to moving to Peru in 2000, Mr. Black was the founder and Managing Director of international mining consulting services group Global Mining Services from 1994 to 2000. In 1996, Mr. Black also founded and was Chairman of OFEX listed AGR Limited with exploration projects in Ghana and Mongolia. In 2002, Mr. Black took control of Chariot Resources Limited as a listed TSXV shell and played a key role in the acquisition of the Mina Justa Copper Project and formation of the Korean joint venture with Chariot Resources. Upon his resignation as Chairman Executive VP of Chariot Resources in 2006, Mr. Black founded the Peruvian registered Rio Alto S.A.C. In 2009 after successfully negotiating the acquisition of the La Arena Gold Project from Iamgold Corporationration Rio Alto was acquired by Mexican Silver Mines and renamed Rio Alto Mining Limited. In 2014, Rio Alto also completed the successful acquisition of Sulliden Gold and the Shahuindo Gold Project for C300M. Mr. Black, as President CEO of Rio Alto Mining Limited and his experienced management team built Rio Alto from a C12M company in 2009 to a C1.2Bn company in 2015 at the time of the acquisition by Tahoe Resources Inc. since 2017.
| Age | 66 |
| Tenure | 7 years |
| Address | The Marine Building, Vancouver, BC, Canada, V6C 2G8 |
| Phone | 604-762-4720 |
| Web | https://www.rio2.com |
Rio2 Management Efficiency
The company has return on total asset (ROA) of (0.0612) % which means that it has lost $0.0612 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1594) %, meaning that it generated substantial loss on money invested by shareholders. Rio2's management efficiency ratios could be used to measure how well Rio2 manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.12 in 2024. Return On Capital Employed is likely to climb to -0.07 in 2024. At this time, Rio2's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 143.3 M in 2024, whereas Intangible Assets are likely to drop slightly above 157.9 K in 2024.Similar Executives
| Found 1 records | CHAIRMAN Age | ||
| Louis Audet | Cogeco Communications | 67 | |
Management Performance
| Return On Equity | -0.16 | ||||
| Return On Asset | -0.0612 |
Rio2 Leadership Team
Elected by the shareholders, the Rio2's board of directors comprises two types of representatives: Rio2 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rio2. The board's role is to monitor Rio2's management team and ensure that shareholders' interests are well served. Rio2's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Rio2's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jose Martinez, Executive Vice President - Corporate Development and Strategy | ||
| Andrew Cox, Senior Vice President - Operations | ||
| Alexander Black, Chairman of the Board and Presidentident, CEO | ||
| Daniel LLB, Legal Counsel | ||
| Kathryn Johnson, CFO, Executive Vice President Corporate Secretary |
Rio2 Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Rio2 a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.16 | ||||
| Return On Asset | -0.0612 | ||||
| Current Valuation | 146.42 M | ||||
| Shares Outstanding | 318.6 M | ||||
| Shares Owned By Insiders | 21.24 % | ||||
| Shares Owned By Institutions | 15.00 % | ||||
| Number Of Shares Shorted | 2.39 M | ||||
| Price To Book | 1.13 X | ||||
| EBITDA | (7.65 M) | ||||
| Net Income | (16.68 M) |
Pair Trading with Rio2
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Rio2 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rio2 will appreciate offsetting losses from the drop in the long position's value.Moving together with Rio2 Stock
| 0.92 | IE | Ivanhoe Energy | PairCorr |
| 0.86 | FDY | Faraday Copper Corp | PairCorr |
| 0.77 | ARA | Aclara Resources | PairCorr |
Moving against Rio2 Stock
| 0.49 | RCI-A | Rogers Communications | PairCorr |
The ability to find closely correlated positions to Rio2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio2 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rio2 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rio2 to buy it.
The correlation of Rio2 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rio2 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rio2 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Rio2 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio2. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Rio2 Stock analysis
When running Rio2's price analysis, check to measure Rio2's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rio2 is operating at the current time. Most of Rio2's value examination focuses on studying past and present price action to predict the probability of Rio2's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio2's price. Additionally, you may evaluate how the addition of Rio2 to your portfolios can decrease your overall portfolio volatility.
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