Rio Tinto Group (RIO) Stock Forecast & Price Target

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$66.69

-0.09 (-0.13%)

(As of 04/18/2024 ET)

Rio Tinto Group Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 10 Analyst Ratings

Analysts' Consensus Price Target

$72.00
7.96% Upside

High Forecast	$72.00
Average Forecast	$72.00
Low Forecast	$72.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	10 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$72.00	$72.00	$72.00	N/A
Predicted Upside	7.96% Upside	10.97% Upside	10.97% Upside	N/A

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RIO Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RIO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rio Tinto Group Stock vs. The Competition

Type	Rio Tinto Group	Basic Materials Companies	S&P 500
Consensus Rating Score	2.80	2.58	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	7.98% Upside	443.14% Upside	12.29% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/5/2024	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
1/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy
12/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform
10/24/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
10/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
9/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight
6/28/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$80.00 ➝ $72.00	+10.97%
6/8/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
6/5/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
5/26/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
5/5/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:49 PM ET.

RIO Price Target - Frequently Asked Questions

What is Rio Tinto Group's consensus rating and price target?: According to the issued ratings of 10 analysts in the last year, the consensus rating for Rio Tinto Group stock is Moderate Buy based on the current 2 hold ratings and 8 buy ratings for RIO. The average twelve-month price prediction for Rio Tinto Group is $72.00 with a high price target of $72.00 and a low price target of $72.00. Learn more on RIO's analyst rating history.
Do Wall Street analysts like Rio Tinto Group more than its competitors?: Analysts like Rio Tinto Group more than other Basic Materials companies. The consensus rating score for Rio Tinto Group is 2.80 while the average consensus rating score for basic materials companies is 2.58. Learn more on how RIO compares to other companies.
Does Rio Tinto Group's stock price have much upside?: According to analysts, Rio Tinto Group's stock has a predicted upside of 10.97% based on their 12-month stock forecasts.

What analysts cover Rio Tinto Group?: Rio Tinto Group has been rated by Liberum Capital in the past 90 days.

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This page (NYSE:RIO) was last updated on 4/18/2024 by MarketBeat.com Staff

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Rio Tinto Group (RIO) Stock Forecast & Price Target

Rio Tinto Group Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

RIO Analyst Ratings By Month

RIO Price Targets by Month

Rio Tinto Group Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

RIO Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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