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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.20
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Stock market today: US futures modestly lower after Congress narrowly averts a government shutdown
New iPhones Hot In A Bad Way, But Apple Stock Chart is Bullish
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Peloton and Lululemon, Does the Deal Make Sense?
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
2 Seasonal Stocks to Warm Up Your Portfolio
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.20
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Stock market today: US futures modestly lower after Congress narrowly averts a government shutdown
New iPhones Hot In A Bad Way, But Apple Stock Chart is Bullish
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Peloton and Lululemon, Does the Deal Make Sense?
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
2 Seasonal Stocks to Warm Up Your Portfolio
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.20
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Stock market today: US futures modestly lower after Congress narrowly averts a government shutdown
New iPhones Hot In A Bad Way, But Apple Stock Chart is Bullish
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Peloton and Lululemon, Does the Deal Make Sense?
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
2 Seasonal Stocks to Warm Up Your Portfolio
NYSE:RIO

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

$63.49
-0.15 (-0.24%)
(As of 09:03 AM ET)
Compare
Today's Range
$63.49
$63.49
50-Day Range
$58.36
$69.83
52-Week Range
$52.25
$80.51
Volume
25,634 shs
Average Volume
3.11 million shs
Market Capitalization
$79.43 billion
P/E Ratio
N/A
Dividend Yield
5.56%
Price Target
$72.00

Rio Tinto Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
13.1% Upside
$72.00 Price Target
Short Interest
Bearish
0.94% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of Rio Tinto Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.57%
From $7.01 to $7.26 Per Share

Overall MarketRank

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

1.78 out of 5 stars

Basic Materials Sector

134th out of 166 stocks

Metal Mining Industry

16th out of 19 stocks


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.





RIO Price History

RIO Stock News Headlines

Rio Tinto: Iron Ore's Glory Days Are Likely Behind Us
How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
Rio Tinto falls Friday, underperforms market
The green shadow lingering over earnings
Rio Tinto: Oyu Tolgoi Ramp-Up Mine To Be Priced In
See More Headlines
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RIO Company Calendar

Last Earnings
2/23/2022
Ex-Dividend for 9/21 Dividend
8/10/2023
Dividend Payable
9/21/2023
Today
10/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Employees
52,000
Year Founded
1873

Price Target and Rating

Average Stock Price Forecast
$72.00
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+13.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$52.45 billion
Cash Flow
$14.63 per share
Book Value
$41.83 per share

Miscellaneous

Outstanding Shares
1,251,099,000
Free Float
N/A
Market Cap
$79.62 billion
Optionable
Optionable
Beta
0.72

Social Links

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Key Executives

  • Mr. Jakob Stausholm M.S.Mr. Jakob Stausholm M.S. (Age 55)
    MS, CEO & Exec. Director
    Comp: $2.51M
  • Mr. Peter Lloyd Cunningham B.A.Mr. Peter Lloyd Cunningham B.A. (Age 56)
    CFO & Exec. Director
    Comp: $1.45M
  • Mr. Alfredo Barrios BSc Physics (Age 57)
    MSc, Ph.D., Chief Commercial Officer
    Comp: $1.44M
  • Mr. Bold Baatar (Age 49)
    Chief Exec. of Copper
    Comp: $1.27M
  • Mr. Simon C. Trott BSc(Hon) (Age 47)
    GAICD, GradDipFin, Chief Exec. of Iron Ore
    Comp: $1.34M
  • Ms. Sinead Kaufman
    Chief Exec. of Minerals
  • Mr. Arnaud Soirat (Age 58)
    Group Chief Operating Officer
  • Mr. Mark Davies
    Chief Technical Officer
  • Mr. Menno Gerard Cornelis Sanderse
    Head of Investor Relations
  • Ms. Isabelle Deschamps (Age 53)
    Chief Legal Officer & External Affairs













RIO Stock - 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 year. There are currently 1 sell rating, 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RIO shares.
View RIO analyst ratings
or view top-rated stocks.

What is Rio Tinto Group's stock price forecast for 2023?

12 Wall Street analysts have issued twelve-month price targets for Rio Tinto Group's stock. Their RIO share price forecasts range from $72.00 to $72.00. On average, they expect the company's share price to reach $72.00 in the next twelve months. This suggests a possible upside of 13.1% 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 the year. Since then, RIO shares have decreased by 10.6% and is now trading at $63.64.
View the best growth stocks for 2023 here
.

Are investors shorting Rio Tinto Group?

Rio Tinto Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 11,360,000 shares, an increase of 24.4% from the August 15th total of 9,130,000 shares. Based on an average trading volume of 2,870,000 shares, the short-interest ratio is presently 4.0 days.
View Rio Tinto Group's Short Interest
.

How were Rio Tinto Group's earnings last quarter?

Rio Tinto Group (NYSE:RIO) issued its quarterly earnings data on Wednesday, February, 23rd. The mining company reported $3.91 earnings per share (EPS) for the quarter, meeting 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 Wednesday, July 26th. Stockholders of record on Friday, August 11th will be paid a dividend of $1.77 per share on Thursday, September 21st. This represents a yield of 6%. The ex-dividend date is Thursday, August 10th. This is an increase 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 5.53%. 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."

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 $63.64.

How much money does Rio Tinto Group make?

Rio Tinto Group (NYSE:RIO) has a market capitalization of $79.62 billion and generates $52.45 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 10/2/2023 by MarketBeat.com Staff

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