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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
His system isolated NVIDIA - Here's His Next Buy. (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
His system isolated NVIDIA - Here's His Next Buy. (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
His system isolated NVIDIA - Here's His Next Buy. (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
NYSE:RIO

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

$64.07
+0.33 (+0.52%)
(As of 09/22/2023 ET)
Compare
Today's Range
$63.98
▼
$64.60
50-Day Range
$58.36
▼
$69.83
52-Week Range
$50.92
▼
$80.51
Volume
3.59 million shs
Average Volume
2.56 million shs
Market Capitalization
$80.16 billion
P/E Ratio
N/A
Dividend Yield
5.51%
Price Target
$72.00
ProfileAnalyst RatingsChartCompetitorsDividendFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Rio Tinto Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
12.4% Upside
$72.00 Price Target
Short Interest
Bearish
0.91% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of Rio Tinto Group in the last 14 days
Based on 2 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.

1.72 out of 5 stars

Basic Materials Sector

146th out of 169 stocks

Metal Mining Industry

11th out of 14 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.





RIO Price History

RIO Stock News Headlines

September 15, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Stock Rating Upgraded by JPMorgan Chase & Co.
September 14, 2023 | finance.yahoo.com
Rio Tinto IOC donates CAN$4 million to Cégep de Sept-Îles for new pavilion
September 24, 2023 | Stansberry Research (Ad)
New gold-backed currency could kill the Dollar
Rumors are circulating of a new currency that will be backed by gold. A huge story, if true. And while it’s impossible to know how it will pan out, there’s one important move you should make right now, before this happens. It’s the best way to protect your wealth today. Because if you’re not careful, YOU could be the one who pays the price
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
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
September 24, 2023 | Stansberry Research (Ad)
New gold-backed currency could kill the Dollar
Rumors are circulating of a new currency that will be backed by gold. A huge story, if true. And while it’s impossible to know how it will pan out, there’s one important move you should make right now, before this happens. It’s the best way to protect your wealth today. Because if you’re not careful, YOU could be the one who pays the price
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
July 18, 2023 | msn.com
The West is now awake to the critical minerals race, says Rio Tinto boss
July 11, 2023 | finance.yahoo.com
Rio Tinto and Sumitomo to build Gladstone hydrogen pilot plant to trial lower-carbon alumina refining
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
9/24/2023
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 Forecast
$72.00
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+12.4%
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
1.44
Cash Flow
$14.69 per share
Price / Cash Flow
4.36
Book Value
$41.83 per share
Price / Book
1.53

Miscellaneous

Outstanding Shares
1,251,100,000
Free Float
N/A
Market Cap
$80.16 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
  • Mr. Ivan Vella
    Chief Exec. of Aluminum
  • 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

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 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 equities research analysts have issued 12 month target prices for Rio Tinto Group's stock. Their RIO share price forecasts range from $72.00 to $72.00. On average, they predict the company's stock price to reach $72.00 in the next twelve months. This suggests a possible upside of 12.4% 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 10.0% and is now trading at $64.07.
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 daily 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) announced its quarterly earnings results on Wednesday, February, 23rd. The mining company reported $3.91 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 announced a semi-annual dividend on Wednesday, July 26th. Investors of record on Friday, August 11th will be paid 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 positive change 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 5.54%. 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 number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.19%), Capital World Investors (0.74%), Franklin Resources Inc. (0.51%), Acadian Asset Management LLC (0.22%), Harding Loevner LP (0.19%) and Dimensional Fund Advisors LP (0.18%).
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 $64.07.

How much money does Rio Tinto Group make?

Rio Tinto Group (NYSE:RIO) has a market capitalization of $80.16 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 9/24/2023 by MarketBeat.com Staff

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