Analysts Offer Predictions for Rio Tinto FY2026 Earnings

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for Rio Tinto to $8.35 from $8.24, while keeping a Buy rating on the stock. The new estimate is slightly below the current consensus of $8.56 per share.
• Analyst sentiment on Rio Tinto remains cautious overall: several firms have recently downgraded the stock, and MarketBeat shows an average rating of Hold with a consensus price target of $101.75.
• Rio Tinto shares were trading near their 52-week high at $105.33, supported by a strong balance sheet with a debt-to-equity ratio of 0.33 and a current ratio of 1.44.

Rio Tinto PLC (NYSE:RIO - Free Report) - Investment analysts at Erste Group Bank increased their FY2026 earnings estimates for shares of Rio Tinto in a note issued to investors on Tuesday, May 5th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings per share of $8.35 for the year, up from their previous estimate of $8.24. Erste Group Bank currently has a "Buy" rating on the stock. The consensus estimate for Rio Tinto's current full-year earnings is $8.56 per share.

Other analysts have also recently issued research reports about the stock. Barclays cut shares of Rio Tinto from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, February 24th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Rio Tinto in a research note on Thursday, January 22nd. Argus set a $120.00 price objective on shares of Rio Tinto in a research note on Monday, April 27th. HSBC cut shares of Rio Tinto from a "buy" rating to a "hold" rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. cut shares of Rio Tinto from an "overweight" rating to a "neutral" rating in a research note on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Rio Tinto currently has an average rating of "Hold" and a consensus price target of $101.75.

Rio Tinto Stock Performance

Shares of NYSE RIO opened at $105.33 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. Rio Tinto has a 52 week low of $55.64 and a 52 week high of $106.24. The firm has a 50-day moving average price of $94.80 and a 200 day moving average price of $85.73.

Hedge Funds Weigh In On Rio Tinto

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RIO. AdvisorNet Financial Inc raised its position in Rio Tinto by 160.2% during the first quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company's stock worth $27,000 after acquiring an additional 181 shares during the last quarter. PFS Partners LLC acquired a new position in Rio Tinto during the fourth quarter worth about $28,000. Nvest Wealth Strategies Inc. acquired a new position in Rio Tinto during the fourth quarter worth about $28,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Rio Tinto during the fourth quarter worth about $34,000. Finally, Evelyn Partners Investment Management LLP purchased a new stake in shares of Rio Tinto during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 19.33% of the company's stock.

Rio Tinto Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, April 16th. Shareholders of record on Friday, March 6th were given a dividend of $2.54 per share. The ex-dividend date was Friday, March 6th. This represents a yield of 564.0%.

Rio Tinto Company Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company's activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.

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