Rio Tinto Group (RIO) Share Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIO, but not buy additional shares or sell existing shares.
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8 Wall Street analysts have issued 1-year price targets for Rio Tinto Group's shares. Their RIO share price forecasts range from GBX 5,000 to GBX 7,500. On average, they expect the company's share price to reach GBX 6,145.83 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
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Rio Tinto Group's stock was trading at GBX 5,798 at the start of the year. Since then, RIO stock has decreased by 12.0% and is now trading at GBX 5,102.
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Rio Tinto Group declared a dividend on Wednesday, February 22nd. Investors of record on Thursday, March 9th will be given a dividend of GBX 185.35 per share on Thursday, April 20th. This represents a yield of 2.99%. The ex-dividend date of this dividend is Thursday, March 9th. The official announcement can be viewed at this link.
Read our dividend analysis for RIO.

Rio Tinto Group (LON:RIO) pays an annual dividend of GBX 407 per share and currently has a dividend yield of 8.55%. RIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 6,607.14%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for RIO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rio Tinto Group investors own include Anglo American (AAL), BHP Group (BHP), Glencore (GLEN), Citigroup (C), Alibaba Group (BABA), BHP Group (BHP), NVIDIA (NVDA), Intel (INTC), Royal Dutch Shell (RDSB) and BP (BP).

Rio Tinto Group trades on the London Stock Exchange (LON) under the ticker symbol "RIO."

Shares of RIO stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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One share of RIO stock can currently be purchased for approximately GBX 5,102.

Rio Tinto Group (LON:RIO) has a market capitalization of £63.78 billion and generates £55.55 billion in revenue each year. The company earns £12.42 billion in net income (profit) each year or GBX 6.16 on an earnings per share basis.

The company employs 49,000 workers across the globe.

Rio Tinto Group's mailing address is 6 St James's Square, LONDON, 00000, United Kingdom. The official website for the company is www.riotinto.com. The company can be reached via phone at +44-20-77811623.