Rio Tinto Group (RIO) Stock Forecast & Price Target

GBX 4,936.50 +36.50 (+0.74%)

(As of 11/29/2024 ET)

Rio Tinto Group - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
2

Buy
5

Based on 7 Wall Street analysts who have issued ratings for Rio Tinto Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, and 5 have given a buy rating for RIO.

Consensus Price Target

GBX 6,338.33

According to the 7 analysts' twelve-month price targets for Rio Tinto Group, the average price target is GBX 6,338.33. The highest price target for RIO is GBX 7,700, while the lowest price target for RIO is GBX 5,700. The average price target represents a forecasted upside of 28.40% from the current price of GBX 4,936.50.

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RIO Analyst Ratings Over Time

Type	Current Forecast 12/2/23 to 12/1/24	1 Month Ago 11/2/23 to 11/1/24	3 Months Ago 9/3/23 to 9/2/24	1 Year Ago 12/2/22 to 12/2/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 6,338.33	GBX 6,338.33	GBX 6,305	GBX 6,140
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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RIO Analyst Recommendations 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
Consensus Rating Score	2.71	2.76
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent RIO News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Berenberg Bank 2 of 5 stars		Reiterated Rating	Buy	GBX 6,200	+23.04%
9/9/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Lower Target	Buy	GBX 6,200 ➝ GBX 6,000	+32.25%
8/1/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector perform	GBX 5,700	+13.12%
8/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	GBX 6,500 ➝ GBX 6,430	+27.60%
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	GBX 7,700	+45.20%
6/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral
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5/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight	GBX 6,000	+7.30%
8/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 5,550 ➝ GBX 5,500	+10.42%
7/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 7,400 ➝ GBX 6,800	+31.10%
2/22/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Myles Allsop Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 5,000	-17.98%
2/22/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Christopher LaFemina Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 7,500	+23.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:06 PM ET.

Should I Buy Rio Tinto Group Stock? RIO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Rio Tinto Group pros and cons to contact@marketbeat.com.

Rio Tinto Group
Bull Case

Here are some ways that investors could benefit from investing in Rio Tinto Group:

The stock recently crossed above its 200-day moving average, indicating a potential upward trend in price, which is often seen as a bullish signal for investors.
Current share price is GBX 4,946 ($64.38), which is below the average price target of GBX 6,338.33 ($82.51) set by analysts, suggesting potential for price appreciation.
Several analysts have issued "buy" ratings, with Berenberg Bank setting a price target of GBX 6,200 ($80.71), indicating confidence in the company's future performance.
Rio Tinto Group has a strong market capitalization of £61.83 billion, reflecting its significant presence and stability in the mining sector.
Insider buying activity, such as Simon Henry's recent purchase of 200 shares, can signal confidence in the company's future prospects from those who are closely involved with its operations.

Rio Tinto Group
Bear Case

Investors should be bearish about investing in Rio Tinto Group for these reasons:

The company has a high price-to-earnings (P/E) ratio of 981.35, which may indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
Recent reports indicate a significant dividend payout ratio of 6,706.35%, which raises concerns about sustainability and the ability to maintain dividends in the future.
Despite positive analyst ratings, the stock has shown volatility, with a recent decline of 0.3%, suggesting potential instability in the short term.
The company has a relatively high debt-to-equity ratio of 25.01, indicating a reliance on debt financing, which can pose risks in a rising interest rate environment.
Market conditions and commodity prices can significantly impact Rio Tinto Group's profitability, making it vulnerable to fluctuations in the global economy.

RIO Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Rio Tinto Group is GBX 6,338.33, with a high forecast of GBX 7,700 and a low forecast of GBX 5,700.
: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RIO shares.
: According to analysts, Rio Tinto Group's stock has a predicted upside of 28.40% based on their 12-month stock forecasts.
: Rio Tinto Group has been rated by research analysts at Berenberg Bank, and Deutsche Bank Aktiengesellschaft in the past 90 days.
: Analysts like Rio Tinto Group less than other "basic materials" companies. The consensus rating score for Rio Tinto Group is 2.71 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how RIO compares to other companies.

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This page (LON:RIO) was last updated on 12/1/2024 by MarketBeat.com Staff

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Rio Tinto Group (RIO) Stock Forecast & Price Target