Rio Tinto FY2026 EPS Forecast Increased by Erste Group Bank

Key Points

• Erste Group Bank raised Rio Tinto’s FY2026 EPS forecast to $8.33 from $8.30 and expects FY2027 EPS of $8.31. The bank maintains a “Hold” rating, compared with the broader consensus of $8.41 for the current full year.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $103.12; recent recommendations range from “Strong Buy” to “Sell.”
• Rio Tinto shares opened at $99.44, while institutional ownership stands at 19.33%. The company also announced a $2.11-per-share dividend payable September 24 to shareholders of record August 14.

Rio Tinto PLC (NYSE:RIO - Free Report) - Analysts at Erste Group Bank upped their FY2026 EPS estimates for Rio Tinto in a report issued on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings per share of $8.33 for the year, up from their prior estimate of $8.30. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for Rio Tinto's current full-year earnings is $8.41 per share. Erste Group Bank also issued estimates for Rio Tinto's FY2027 earnings at $8.31 EPS.

Several other analysts have also recently issued reports on the company. DZ Bank raised Rio Tinto from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 29th. Citigroup restated a "neutral" rating on shares of Rio Tinto in a research note on Thursday, July 9th. Sanford C. Bernstein raised their price objective on Rio Tinto from $88.50 to $89.50 and gave the company an "outperform" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Rio Tinto in a research report on Friday, May 15th. Finally, Zacks Research upgraded shares of Rio Tinto from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $103.12.

Rio Tinto Stock Performance

Shares of NYSE:RIO opened at $99.44 on Friday. Rio Tinto has a 52 week low of $61.72 and a 52 week high of $112.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.42 and a quick ratio of 0.93. The firm has a 50 day moving average of $97.54 and a 200 day moving average of $98.04.

Rio Tinto Dividend Announcement

The business also recently disclosed 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 441.0%.

Institutional Trading of Rio Tinto

Institutional investors have recently bought and sold shares of the stock. Miramontes Capital LLC grew its position in Rio Tinto by 1.7% during the 2nd quarter. Miramontes Capital LLC now owns 5,863 shares of the mining company's stock worth $557,000 after purchasing an additional 99 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Rio Tinto by 17.9% in the second quarter. Tidal Investments LLC now owns 115,936 shares of the mining company's stock worth $11,006,000 after buying an additional 17,597 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Rio Tinto during the second quarter worth $3,957,000. Cidel Asset Management Inc. grew its holdings in shares of Rio Tinto by 101.1% during the second quarter. Cidel Asset Management Inc. now owns 241,718 shares of the mining company's stock valued at $22,946,000 after buying an additional 121,537 shares during the last quarter. Finally, NorthRock Partners LLC grew its holdings in shares of Rio Tinto by 19.1% during the second quarter. NorthRock Partners LLC now owns 2,624 shares of the mining company's stock valued at $249,000 after buying an additional 420 shares during the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

About Rio Tinto

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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