Erste Group Bank Increases Earnings Estimates for Rio Tinto

Key Points

• Erste Group Bank raised Rio Tinto’s FY2026 EPS estimate slightly to $8.36 from $8.34 and projected FY2027 EPS of $8.40, broadly in line with the $8.37 consensus for FY2026.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $105.50; ratings include one Strong Buy, six Buys, six Holds and three Sells.
• Rio Tinto shares opened at $101.06, above their 50- and 200-day moving averages, while institutional ownership stood at 19.33%. The company also declared a $2.11-per-share dividend payable September 24 to shareholders of record August 14.

Rio Tinto PLC (NYSE:RIO - Free Report) - Research analysts at Erste Group Bank upped their FY2026 EPS estimates for shares of Rio Tinto in a report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings of $8.36 per share for the year, up from their previous estimate of $8.34. The consensus estimate for Rio Tinto's current full-year earnings is $8.37 per share. Erste Group Bank also issued estimates for Rio Tinto's FY2027 earnings at $8.40 EPS.

A number of other analysts have also issued reports on the company. Citigroup reaffirmed a "neutral" rating on shares of Rio Tinto in a research note on Thursday, July 9th. DZ Bank raised shares of Rio Tinto from a "hold" rating to a "strong-buy" rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Rio Tinto in a research report on Friday, May 15th. Argus set a $120.00 price objective on shares of Rio Tinto in a research note on Monday, April 27th. Finally, Morgan Stanley lowered shares of Rio Tinto from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $105.50.

Rio Tinto Stock Performance

Shares of NYSE RIO opened at $101.06 on Wednesday. The company's 50-day simple moving average is $96.52 and its 200-day simple moving average is $96.93. Rio Tinto has a 52-week low of $60.22 and a 52-week high of $112.58. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new position in shares of Rio Tinto during the 1st quarter worth $84,000. AQR Capital Management LLC lifted its position in Rio Tinto by 78.4% in the first quarter. AQR Capital Management LLC now owns 12,087 shares of the mining company's stock valued at $726,000 after buying an additional 5,310 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Rio Tinto by 20.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,485 shares of the mining company's stock valued at $690,000 after buying an additional 1,968 shares during the last quarter. Empowered Funds LLC boosted its stake in Rio Tinto by 5.8% during the first quarter. Empowered Funds LLC now owns 5,280 shares of the mining company's stock worth $317,000 after buying an additional 288 shares during the period. Finally, Focus Partners Wealth boosted its stake in Rio Tinto by 16.7% during the first quarter. Focus Partners Wealth now owns 15,985 shares of the mining company's stock worth $962,000 after buying an additional 2,285 shares during the period. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be issued a dividend of $2.11 per share. The ex-dividend date is Friday, August 14th. This represents a dividend yield of 438.0%.

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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