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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
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The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
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Rio Tinto Group (RIO) Stock Price, News & Analysis

$70.17
-0.27 (-0.38%)
(As of 12/8/2023 ET)
Compare
Today's Range
$69.84
▼
$70.61
50-Day Range
$60.37
▼
$71.16
52-Week Range
$58.27
▼
$80.51
Volume
3.05 million shs
Average Volume
2.54 million shs
Market Capitalization
$87.80 billion
P/E Ratio
9.34
Dividend Yield
5.03%
Price Target
$72.00
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

Rio Tinto Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2.6% Upside
$72.00 Price Target
Short Interest
Healthy
0.56% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.91mentions of Rio Tinto Group in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.43%
From $7.26 to $8.38 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Basic Materials Sector

29th out of 168 stocks

Metal Mining Industry

2nd out of 14 stocks

See Top Rated MarketRank™ Stocks Here

RIO stock logo

About Rio Tinto Group Stock (NYSE:RIO)

Rio Tinto Group is a multinational mining operation and the 2nd largest miner worldwide. The company has a dual listing with shares trading on both the London Stock Exchange and the Australian ASX.

Rio Tinto is named for a mining area in Spain. The mines at Rio Tinto have been in operation off and on since 3,000 BC and produce copper, silver, and gold among other minerals. The mines were rediscovered most recently in 1556 and then fell into the hands of the Spanish government in 1724. The Spanish government was a poor steward of the operations and eventually put it up for auction. In 1873 a group of businessmen bought the property for a steal that included Spain’s relinquishing its rights to any future profits.

The consortium quickly commenced operations as Rio Tinto Mining and focused on developing its resources. Within 10 years it was a leading producer of copper and then it fell into the hands of the Rothschilds. The Rothschilds expanded the operations but failed to diversify the company in a meaningful way. The company reached a peak in the early 1900s that was dashed by WWI and the loss of the US as an end market but the story is not over.

A new management team took control of the business in 1925 and began to diversify the company. Their efforts opened up new territories in other countries including Africa and Australia which was instrumental to long-term success. An increasingly fascist government made it difficult to operate in Spain and led the company to divest itself of its original asset, the Rio Tinto Mine. That could not have been done without operations in other countries. Another series of mergers and acquisitions will grow the company to global status.

Today, Rio Tinto is a diversified and integrated mining operation that engages in the exploration, development and production of mineral-based resources. The company operates in 4 key segments that include Iron Ore, Aluminum, Copper & Diamonds and Energy & Minerals. The company operates mines, smelters and refiners in about 35 countries producing iron ore and iron, bauxite and alumina, industrial diamonds, gold, borates, titanium dioxide and lithium among many other minerals and products. The bulk of operations are in Australia and Canada which are both rich in natural resources.

The company’s products are used by all end markets and are essential for the transition to green energy. Not only is the iron and copper required to build the infrastructure but lithium and other minerals are key for electrification. Rio Tinto products are necessary for agriculture and include several key fertilizers including borates.





RIO Stock Price History

RIO Stock News Headlines

December 10, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Given Average Rating of "Buy" by Brokerages
December 9, 2023 | americanbankingnews.com
Comparing Rio Tinto Group (NYSE:RIO) & TMC the metals (NASDAQ:TMC)
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December 8, 2023 | finance.yahoo.com
RIO vs. MP: Which Stock Is the Better Value Option?
December 6, 2023 | thetimes.co.uk
Rio Tinto plans iron ore production at Simandou in 2025
December 6, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Upgraded to "Outperform" by BNP Paribas
December 5, 2023 | markets.businessinsider.com
Rio Tinto To Transition To Renewable Diesel From Fossil Fuels At Kennecott Copper In Utah
December 5, 2023 | finance.yahoo.com
Rio Tinto Kennecott to fully transition to renewable diesel
December 10, 2023 | DTI Trader (Ad)
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December 5, 2023 | seekingalpha.com
Rio Tinto: A Cheap Stock With An Attractive Dividend Yield
December 4, 2023 | seekingalpha.com
Rio Tinto: A Better Buying Opportunity Is Coming (Rating Downgrade)
December 4, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Lifted to "Buy" at Liberum Capital
November 22, 2023 | thetimes.co.uk
Rio Tinto to pay $28m over coalmine deal
November 17, 2023 | finance.yahoo.com
UPDATE 1-Rio Tinto to pay $28 million fine to settle US SEC fraud case
November 16, 2023 | afr.com
Rio Tinto sacks former head of aluminium division for leak
November 14, 2023 | finanznachrichten.de
Midland Exploration Inc.: Midland and Rio Tinto Resume Drilling Along the Extensions of the Santos Nickel-Copper Zone, Tête Nord Project
November 13, 2023 | finance.yahoo.com
Rio Tinto & GMG Battery Partnership Video Launch
November 11, 2023 | afr.com
One sector pays more tax than all the rest combined
October 25, 2023 | finance.yahoo.com
Are Rio Tinto Group's (LON:RIO) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
October 17, 2023 | uk.news.yahoo.com
Rio Tinto shares are dirt cheap and yield 7.88%. Are they a screaming buy?
October 16, 2023 | finance.yahoo.com
Rio Tinto Group: Opportunities Among Gold and Thermal Coal in Latest Commodity Price Update
October 16, 2023 | fool.com.au
'Compelling relative valuation': Why Rio Tinto shares could be a buy
October 12, 2023 | finance.yahoo.com
Rio Tinto becomes official aluminium partner of the Montreal Canadiens
October 11, 2023 | markets.businessinsider.com
Analysts Are Neutral on Top Materials Stocks: Rio Tinto Limited (RTNTF), BHP Group Ltd (BHPLF)
October 8, 2023 | oilprice.com
Rio Tinto Bets Big On World's Largest Untapped Iron Ore Mine
October 8, 2023 | afr.com
Rio Tinto chairman fears global blowback from a No vote
October 5, 2023 | msn.com
Rio pins recovery hopes on mega Simandou iron ore project amid share price blows
See More Headlines
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Company Calendar

Last Earnings
2/23/2022
Ex-Dividend for 9/21 Dividend
8/10/2023
Dividend Payable
9/21/2023
Today
12/10/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Metal mining
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
NYSE:RIO
Previous Symbol
NYSE:RTP
CUSIP
N/A
CIK
863064
Web
www.riotinto.com
Phone
442077812000
Fax
44-20-7781-1800
Employees
52,000
Year Founded
1873

Price Target and Rating

Average Stock Price Target
$72.00
High Stock Price Target
$72.00
Low Stock Price Target
$72.00
Potential Upside/Downside
+2.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
12 Analysts

Profitability

EPS (Most Recent Fiscal Year)
N/A
Trailing P/E Ratio
9.34
Forward P/E Ratio
9.67
P/E Growth
0.55
Net Income
N/A
Net Margins
N/A
Pretax Margin
N/A
Return on Equity
N/A
Return on Assets
N/A

Debt

Debt-to-Equity Ratio
0.25
Current Ratio
1.99
Quick Ratio
1.37

Sales & Book Value

Annual Sales
$55.55 billion
Price / Sales
1.58
Cash Flow
$14.59 per share
Price / Cash Flow
4.81
Book Value
$41.83 per share
Price / Book
1.68

Miscellaneous

Outstanding Shares
1,251,230,000
Free Float
N/A
Market Cap
$87.80 billion
Optionable
Optionable
Beta
0.71

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Key Executives

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Rio Tinto Group was last updated on Tuesday, November 28, 2023 at 10:51 PM.

Pros

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

  • Rio Tinto Group has shown strong financial performance in recent periods, with consistent revenue growth and profitability.
  • The company has a diversified portfolio of mining assets, including iron ore, aluminum, copper, and diamonds, which helps mitigate risks associated with fluctuations in commodity prices.
  • Rio Tinto Group has been actively investing in research and development to improve operational efficiency and reduce costs, which can lead to higher profit margins.
  • The company has a strong balance sheet and a solid credit rating, which provides financial stability and flexibility for future growth opportunities.
  • Rio Tinto Group has a track record of returning value to shareholders through dividends and share buybacks, which can enhance investor returns.

Cons

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

  • The mining industry is subject to various risks, including commodity price volatility, regulatory changes, and environmental concerns, which can impact Rio Tinto Group's financial performance.
  • Rio Tinto Group's operations are exposed to geopolitical risks, as the company operates in multiple countries with different political and economic environments.
  • The company's reliance on China as a major customer for its commodities exposes it to risks associated with changes in Chinese demand and government policies.
  • Rio Tinto Group has faced criticism and legal challenges related to its environmental practices and community relations, which can negatively impact its reputation and social license to operate.
  • Investors should closely monitor the current stock price of Rio Tinto Group and consider factors such as market trends, industry outlook, and company-specific developments before making investment decisions.














RIO Stock Analysis - Frequently Asked Questions

Should I buy or sell Rio Tinto Group stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. There are currently 1 hold rating, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RIO shares.
View RIO analyst ratings or view top-rated stocks.

What is Rio Tinto Group's stock price target for 2024?

12 brokerages have issued 12 month target prices for Rio Tinto Group's shares. Their RIO share price targets range from $72.00 to $72.00. On average, they expect the company's share price to reach $72.00 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for RIO or view top-rated stocks among Wall Street analysts.

How have RIO shares performed in 2023?

Rio Tinto Group's stock was trading at $71.20 at the beginning of 2023. Since then, RIO stock has decreased by 1.4% and is now trading at $70.17.
View the best growth stocks for 2023 here.

How were Rio Tinto Group's earnings last quarter?

Rio Tinto Group (NYSE:RIO) announced its quarterly earnings results on Wednesday, February, 23rd. The mining company reported $3.91 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $3.91.

How often does Rio Tinto Group pay dividends? What is the dividend yield for Rio Tinto Group?

Rio Tinto Group declared a semi-annual dividend on Wednesday, July 26th. Stockholders of record on Friday, August 11th will be given a dividend of $1.77 per share on Thursday, September 21st. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from the stock's previous semi-annual dividend of $1.10.
Read our dividend analysis for RIO.

Is Rio Tinto Group a good dividend stock?

Rio Tinto Group (NYSE:RIO) pays an annual dividend of $3.53 per share and currently has a dividend yield of 5.01%. RIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RIO will have a dividend payout ratio of 42.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RIO.

What ETFs hold Rio Tinto Group's stock?

ETFs with the largest weight of Rio Tinto Group (NYSE:RIO) stock in their portfolio include VanEck Steel ETF (SLX), Invesco International Dividend Achievers ETF (PID), First Trust Long/Short Equity ETF (FTLS), Leatherback Long/Short Alternative Yield ETF (LBAY), Amplify Natural Resources Dividend Income ETF (NDIV), Morgan Dempsey Large Cap Value ETF (MDLV), Amplify International Enhanced Dividend Income ETF (IDVO) and Pacer Global Cash Cows Dividend ETF (GCOW).

What is Jean-Sébastien Jacques' approval rating as Rio Tinto Group's CEO?

282 employees have rated Rio Tinto Group Chief Executive Officer Jean-Sébastien Jacques on Glassdoor.com. Jean-Sébastien Jacques has an approval rating of 79% among the company's employees.

What other stocks do shareholders of Rio Tinto Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rio Tinto Group investors own include AT&T (T), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Verizon Communications (VZ), Johnson & Johnson (JNJ), QUALCOMM (QCOM), Bank of America (BAC) and International Business Machines (IBM).

Who are Rio Tinto Group's major shareholders?

Rio Tinto Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (1.85%), Morgan Stanley (0.36%), Acadian Asset Management LLC (0.23%), Northern Trust Corp (0.15%), Optiver Holding B.V. (0.00%) and Earnest Partners LLC (0.11%).
View institutional ownership trends.

How do I buy shares of Rio Tinto Group?

Shares of RIO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Rio Tinto Group have any subsidiaries?
The following companies are subsidiares of Rio Tinto Group: Aluchemie, Aluminium division of Rio Tinto, Anglesey Aluminium Metal Ltd, Dampier Salt Limited, Hamersley Iron Pty Ltd., Hathor Exploration, Hope Downs Joint Venture, Hope Downs Marketing Company Pty Ltd, Iron Ore Company of Canada, Ivanhoe Mines, Kennecott Exploration Company, Kennecott Utah Copper Corporation, Kennecott Utah Copper LLC, North Limited, PT Kelian Equatorial Mining, Pilbara Iron, QIT Madagascar Minerals, Queensland Coal Pty. Limited, RTA Yarwun Pty Ltd, Richards Bay Mining, Rio Tinto Alcan Inc., Rio Tinto Aluminium, Rio Tinto Coal Australia, Rio Tinto Desenvolvimentos Minerais Ltda., Rio Tinto Fer et Titane Inc, Rio Tinto France SAS, Rio Tinto Iceland Ltd., and Rio Tinto Iron Ore Asia Pte. Ltd..
Read More
This page (NYSE:RIO) was last updated on 12/10/2023 by MarketBeat.com Staff

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