NYSE:RIO

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

$63.65

-0.14 (-0.22%)

(As of 09/29/2023 ET)

Compare

Today's Range: $63.47
▼
$64.60
50-Day Range: $58.36
▼
$69.83
52-Week Range: $52.25
▼
$80.51

Volume: 3.33 million shs
Average Volume: 3.13 million shs
Market Capitalization: $79.63 billion

P/E Ratio: N/A
Dividend Yield: 5.55%
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: 0.96
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 2.51%
From $6.77 to $6.94 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

136th out of 172 stocks

Metal Mining Industry

15th out of 20 stocks

2.3

Analyst's Opinion

Consensus Rating
Rio Tinto Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 7 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $72.00, Rio Tinto Group has a forecasted upside of 13.1% from its current price of $63.65.
Amount of Analyst Coverage
Rio Tinto Group has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.94% of the outstanding shares of Rio Tinto Group have been sold short.
Short Interest Ratio / Days to Cover
Rio Tinto Group has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in Rio Tinto Group has recently increased by 3.79%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
Rio Tinto Group is a leading dividend payer. It pays a dividend yield of 5.66%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Rio Tinto Group does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Rio Tinto Group will have a dividend payout ratio of 50.86% next year. This indicates that Rio Tinto Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RIO.

3.3

News and Social Media Coverage

News Sentiment
Rio Tinto Group has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Rio Tinto Group this week, compared to 5 articles on an average week.
Search Interest
Only 49 people have searched for RIO on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
90 people have added Rio Tinto Group to their MarketBeat watchlist in the last 30 days. This is an increase of 463% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rio Tinto Group insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 10.03% of the stock of Rio Tinto Group is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Rio Tinto Group are expected to grow by 2.51% in the coming year, from $6.77 to $6.94 per share.
Price to Book Value per Share Ratio
Rio Tinto Group has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

RIO Stock News Headlines

September 28, 2023 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: Nufarm Limited (OtherNUFMF) and Rio Tinto Limited (OtherRTNTF)

September 26, 2023 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) Receives Average Recommendation of "Moderate Buy" from Analysts

September 29, 2023 | Behind the Markets (Ad)

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September 25, 2023 | theguardian.com

Traditional owners left to ‘pick up the pieces’ after sacred rock shelter damaged in Rio Tinto blast

September 14, 2023 | finance.yahoo.com

Rio Tinto IOC donates CAN$4 million to Cégep de Sept-Îles for new pavilion

September 11, 2023 | fool.com.au

What is Goldman Sachs saying about BHP and Rio Tinto shares?

September 11, 2023 | proactiveinvestors.com

Graphene Manufacturing Group unveils 500 mAh graphene aluminum-ion battery pouch cell prototype

September 5, 2023 | msn.com

Qantas, PwC, Rio Tinto, Crown, the banks — something is rotten in Australian business

September 29, 2023 | Chaikin Analytics (Ad)

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August 29, 2023 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: Fortescue Metals Group Ltd (OtherFSUMF) and Pilbara Minerals Limited (OtherPILBF)

August 27, 2023 | finance.yahoo.com

Rio Tinto and First Quantum complete La Granja joint venture transaction

August 24, 2023 | finance.yahoo.com

Rio Tinto in Partnership With Midland Begins a First Exploration Program for Lithium on the Mythril Regional and Galinée Projects

August 23, 2023 | fool.co.uk

I’m tempted by the dirt cheap Shell share price, but I’ll buy Rio Tinto first

August 18, 2023 | marketwatch.com

Rio Tinto falls Friday, underperforms market

August 15, 2023 | afr.com

The green shadow lingering over earnings

August 11, 2023 | thetimes.co.uk

Rio Tinto rail deal puts Guinea mine project on track

August 11, 2023 | finance.yahoo.com

Agreements reached on trans-Guinean infrastructure in milestone for Simandou iron ore project

August 5, 2023 | finance.yahoo.com

Australian businesses struggle to navigate indigenous referendum debate

July 31, 2023 | seekingalpha.com

Rio Tinto: Oyu Tolgoi Ramp-Up Mine To Be Priced In

July 30, 2023 | finance.yahoo.com

Rio Tinto Group First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags

July 28, 2023 | markets.businessinsider.com

Analysts Conflicted on These Materials Names: Fortescue Metals Group Ltd (OtherFSUMF) and Rio Tinto Limited (OtherRTNTF)

July 27, 2023 | finance.yahoo.com

UPDATE 2-Anglo American cuts dividend after missing earnings estimates

July 20, 2023 | finance.yahoo.com

Vale (VALE) Reports 6% Y/Y Increase in Q2 Iron Ore Output

July 20, 2023 | finance.yahoo.com

BHP Group's (BHP) FY23 Iron Ore Production Increases 1% Y/Y

July 19, 2023 | uk.news.yahoo.com

Rio Tinto Warns of China Headwinds as Iron Ore Shipments Dip

July 18, 2023 | finance.yahoo.com

UPDATE 2-Rio Tinto's second-quarter iron ore shipments miss estimates

July 18, 2023 | finance.yahoo.com

Rio Tinto Iron Ore Shipments Dip as It Faces China Headwinds

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: 9/29/2023
Fiscal Year End: 12/31/2023

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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 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

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: 0.25
Current Ratio: 1.99
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $55.55 billion
Price / Sales: 1.43
Cash Flow: $14.94 per share
Price / Cash Flow: 4.26
Book Value: $41.83 per share
Price / Book: 1.52

Miscellaneous

Outstanding Shares: 1,251,100,000
Free Float: N/A
Market Cap: $79.65 billion
Optionable: Optionable
Beta: 0.72

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Key Executives

Mr. Jakob Stausholm M.S. (Age 55)
MS, CEO & Exec. Director
Comp: $2.51M

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

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?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. 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 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 brokers have issued 12-month price targets for Rio Tinto Group's shares. Their RIO share price forecasts range from $72.00 to $72.00. On average, they expect the company's stock price to reach $72.00 in the next year. 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 start of the year. Since then, RIO shares have decreased by 10.6% and is now trading at $63.66.
View the best growth stocks for 2023 here.
Are investors shorting Rio Tinto Group?: Rio Tinto Group saw a increase in short interest in 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 daily trading volume, of 2,870,000 shares, the short-interest ratio is currently 4.0 days.
View Rio Tinto Group's Short Interest.
How were Rio Tinto Group's earnings last quarter?: Rio Tinto Group (NYSE:RIO) posted its earnings results on Wednesday, February, 23rd. The mining company reported $3.91 earnings per share (EPS) for the quarter, hitting 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. Shareholders of record on Friday, August 11th will be given a dividend of $1.77 per share on Thursday, September 21st. This represents a dividend 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.
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).
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 5.66%. 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 $63.66.
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 9/29/2023 by MarketBeat.com Staff

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