IREN proposes $875 million convertible notes offering due 2031
RB Global Inc stock reached a significant milestone, hitting an all-time high of $118.91. With a market capitalization of $22.07 billion and an impressive year-to-date return of 31.79%, this notable peak underscores the company’s robust performance. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with analyst price targets ranging from $95 to $135. The stock has experienced a remarkable 1-year change, appreciating by 40.67%. This upward trajectory reflects investor confidence and the company’s strong financial health, evidenced by its "GOOD" overall health score on InvestingPro and 23 consecutive years of dividend payments. As RB Global Inc continues to navigate the competitive landscape, reaching this all-time high is a testament to its strategic initiatives and operational efficiency. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, RB Global Inc. reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $1.07, exceeding the forecasted $0.96, which represents an 11.46% surprise. Revenue for the quarter reached $1.19 billion, surpassing the anticipated $1.13 billion by 5.31%. Additionally, Ritchie Bros, a part of RB Global, reported robust quarterly results with significant market share gains in its automotive business, IAA. The company increased its quarterly dividend by 7% to $0.31 per share. In light of this performance, BMO Capital reiterated its Outperform rating on Ritchie Bros and raised its price target to $130 from $125. These developments reflect the company’s strong position in the market and its ability to deliver better-than-expected financial results.
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