Rio Tinto FY2026 EPS Estimate Lifted by Erste Group Bank

Key Points

• Erste Group Bank raised Rio Tinto’s FY2026 EPS estimate to $8.45 from $8.33, slightly above the $8.41 consensus forecast, while maintaining a “Hold” rating.
• Analyst sentiment remains mixed but leans neutral: Rio Tinto has an average “Hold” rating and a consensus price target of $103.12, despite recent upgrades from Goldman Sachs and Argus.
• Rio Tinto shares opened at $97.11, down 0.3%, while institutional investors own 19.33% of the company. The company also declared a $2.11-per-share dividend payable September 24 to eligible shareholders.

Rio Tinto PLC (NYSE:RIO - Free Report) - Investment analysts at Erste Group Bank boosted their FY2026 earnings per share estimates for Rio Tinto in a research report issued to clients and investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings per share of $8.45 for the year, up from their prior forecast of $8.33. Erste Group Bank has a "Hold" rating on the stock. The consensus estimate for Rio Tinto's current full-year earnings is $8.41 per share.

Several other equities research analysts have also recently weighed in on RIO. The Goldman Sachs Group upgraded Rio Tinto from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 29th. Sanford C. Bernstein raised their price objective on shares of Rio Tinto from $88.50 to $89.50 and gave the stock an "outperform" rating in a report on Wednesday, September 9th. Argus upgraded shares of Rio Tinto to a "strong-buy" rating in a report on Thursday, August 20th. Berenberg Bank set a $113.00 target price on shares of Rio Tinto in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Rio Tinto from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $103.12.

Rio Tinto Stock Down 0.3%

NYSE:RIO opened at $97.11 on Tuesday. Rio Tinto has a 1 year low of $63.12 and a 1 year high of $112.58. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $98.44 and a 200-day simple moving average of $98.00.

Hedge Funds Weigh In On Rio Tinto

Several hedge funds and other institutional investors have recently made changes to their positions in RIO. Fisher Asset Management LLC lifted its stake in shares of Rio Tinto by 2.7% during the fourth quarter. Fisher Asset Management LLC now owns 19,642,744 shares of the mining company's stock worth $1,572,009,000 after purchasing an additional 522,576 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Rio Tinto by 170.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company's stock valued at $311,023,000 after acquiring an additional 2,451,140 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Rio Tinto by 6.6% during the first quarter. Bank of America Corp DE now owns 3,623,294 shares of the mining company's stock valued at $338,017,000 after purchasing an additional 225,016 shares during the period. Natixis Advisors LLC boosted its stake in shares of Rio Tinto by 144.7% in the fourth quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company's stock valued at $127,039,000 after purchasing an additional 938,687 shares during the period. Finally, Milford Funds Ltd. acquired a new stake in Rio Tinto during the 4th quarter valued at $93,143,000. Institutional investors and hedge funds own 19.33% of the company's stock.

Rio Tinto Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, August 14th will be paid a dividend of $2.11 per share. This represents a yield of 441.0%. The ex-dividend date is Friday, August 14th.

Rio Tinto Company Profile

Rio Tinto plc is a global mining and metals company with operations and projects spanning approximately 35 countries. Founded in 1873, the company operates through a dual-listed structure in the United Kingdom and Australia, with its American depositary receipts traded on the New York Stock Exchange under the symbol RIO.

The company explores, develops and produces a range of mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks and diamonds.

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