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NYSE:RIO

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

$63.67
0.00 (0.00%)
(As of 06/7/2023 ET)
Compare
Today's Range
$63.51
▼
$64.34
50-Day Range
$59.04
▼
$70.41
52-Week Range
$50.92
▼
$80.51
Volume
3.66 million shs
Average Volume
3.32 million shs
Market Capitalization
$79.65 billion
P/E Ratio
N/A
Dividend Yield
7.05%
Price Target
N/A
ProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Rio Tinto Group MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.51% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of Rio Tinto Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-4.83%
From $8.90 to $8.47 Per Share

Overall MarketRank™

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

1.58 out of 5 stars

Basic Materials Sector

147th out of 164 stocks

Metal Mining Industry

16th out of 19 stocks

See Top Rated MarketRank™ Stocks Here

RIO stock logo

About Rio Tinto Group (NYSE:RIO) Stock

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.





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RIO Stock News Headlines

June 5, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft
June 5, 2023 | lse.co.uk
LONDON BROKER RATINGS: Deutsche says 'buy' Rio Tinto, Restaurant Group
June 7, 2023 | Behind the Markets (Ad)
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June 3, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Sees Unusually-High Trading Volume
June 2, 2023 | finance.yahoo.com
Rio Tinto's California mine shifts trucks to run on renewable diesel
May 27, 2023 | americanbankingnews.com
Analysts Set Rio Tinto Group (NYSE:RIO) PT at $5,995.00
May 26, 2023 | americanbankingnews.com
Morgan Stanley Upgrades Rio Tinto Group (NYSE:RIO) to "Overweight"
May 26, 2023 | seekingalpha.com
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May 26, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Upgraded to "Overweight" at Morgan Stanley
May 24, 2023 | msn.com
Calls to protect Northern Ponds at Lake Macleod on Rio Tinto salt mine lease
May 17, 2023 | proactiveinvestors.com
Graphene Manufacturing Group inks battery development agreement with Rio Tinto
May 17, 2023 | proactiveinvestors.com
Graphene Manufacturing Group inks battery JDA with Rio Tinto
May 17, 2023 | americanbankingnews.com
JPMorgan Chase & Co. Upgrades Rio Tinto Group (NYSE:RIO) to "Neutral"
May 8, 2023 | msn.com
5 reasons Rio Tinto shares could surge 21%
May 8, 2023 | americanbankingnews.com
Contrasting Rio Tinto Group (NYSE:RIO) and American Lithium (NASDAQ:AMLI)
May 5, 2023 | finance.yahoo.com
Rio Tinto Cautions Against Takeover Fever After Lithium's Dramatic Price Slump
May 5, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Lifted to "Outperform" at Sanford C. Bernstein
May 4, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Receives Consensus Rating of "Hold" from Brokerages
May 2, 2023 | finance.yahoo.com
Rio Tinto unveils iconic A$2 million Argyle RoseTM jewellery piece
April 29, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Lowered to "Buy" at StockNews.com
April 28, 2023 | msn.com
Unusual Call Option Trade in Rio Tinto plc - ADR (RIO) Worth $563.22K
April 28, 2023 | seekingalpha.com
Rio Tinto Production Update Points To Continued Success
April 27, 2023 | finance.yahoo.com
Rio Tinto acquires high-grade scandium project in Australia
April 25, 2023 | seekingalpha.com
Rio Tinto: Positive 2023 Start
April 23, 2023 | afr.com
Rio Tinto facing suit from Panguna landowners
April 22, 2023 | americanbankingnews.com
Rio Tinto Group Target of Unusually High Options Trading (NYSE:RIO)
See More Headlines

RIO Price History

RIO Company Calendar

Last Earnings
2/23/2022
Ex-Dividend for 4/20 Dividend
3/09/2023
Dividend Payable
4/20/2023
Today
6/07/2023
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

Profitability

EPS (Most Recent Fiscal Year)
N/A
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
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
0.21
Current Ratio
1.64
Quick Ratio
1.10

Sales & Book Value

Annual Sales
$55.55 billion
Price / Sales
1.43
Cash Flow
$14.81 per share
Price / Cash Flow
4.30
Book Value
$41.83 per share
Price / Book
1.52

Miscellaneous

Outstanding Shares
1,250,950,000
Free Float
N/A
Market Cap
$79.65 billion
Optionable
Optionable
Beta
0.68

Social Links


Key Executives

  • Jakob Stausholm
    Chief Executive Officer & Executive Director
  • Arnaud Soirat
    Chief Operating Officer
  • Peter Lloyd CunninghamPeter Lloyd Cunningham
    Chief Financial Officer & Executive Director
  • Mark Davies
    Chief Technical Officer
  • Bold Baatar
    Chief Executive-Copper

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













RIO Stock - Frequently Asked Questions

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

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 6 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.

How have RIO shares performed in 2023?

Rio Tinto Group's stock was trading at $71.20 on January 1st, 2023. Since then, RIO shares have decreased by 10.6% and is now trading at $63.67.
View the best growth stocks for 2023 here.

How were Rio Tinto Group's earnings last quarter?

Rio Tinto Group (NYSE:RIO) issued its quarterly earnings results on Wednesday, February, 23rd. The mining company reported $3.91 earnings per share for the quarter, hitting the consensus estimate 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 Monday, February 27th. Shareholders of record on Friday, March 10th will be paid a dividend of $2.25 per share on Thursday, April 20th. This represents a dividend yield of 9.8%. The ex-dividend date is Thursday, March 9th.
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), First Trust Indxx Global Natural Resources Income ETF (FTRI), Invesco International Dividend Achievers ETF (PID), Spear Alpha ETF (SPRX), Amplify Natural Resources Dividend Income ETF (NDIV), Leatherback Long/Short Alternative Yield ETF (LBAY), Amplify International Enhanced Dividend Income ETF (IDVO) and Formidable ETF (FORH).

Is Rio Tinto Group a good dividend stock?

Rio Tinto Group (NYSE:RIO) pays an annual dividend of $4.49 per share and currently has a dividend yield of 7.14%. RIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for RIO.

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).

What is Rio Tinto Group's stock symbol?

Rio Tinto Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIO."

Who are Rio Tinto Group's major shareholders?

Rio Tinto Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.17%), Wellington Management Group LLP (1.11%), Franklin Resources Inc. (0.51%), Arrowstreet Capital Limited Partnership (0.43%), FMR LLC (0.23%) and Bank of America Corp DE (0.21%).
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.

What is Rio Tinto Group's stock price today?

One share of RIO stock can currently be purchased for approximately $63.67.

How much money does Rio Tinto Group make?

Rio Tinto Group (NYSE:RIO) has a market capitalization of $79.65 billion and generates $55.55 billion in revenue each year.

How many employees does Rio Tinto Group have?

The company employs 52,000 workers across the globe.

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
How can I contact Rio Tinto Group?

Rio Tinto Group's mailing address is 6 ST JAMES`S SQUARE, LONDON X0, 12207. The official website for the company is www.riotinto.com. The mining company can be reached via phone at 442077812000, via email at david.ovington@riotinto.com, or via fax at 44-20-7781-1800.

This page (NYSE:RIO) was last updated on 6/7/2023 by MarketBeat.com Staff

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