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

$68.14
+1.50 (+2.25%)
(As of 05:22 PM ET)
Today's Range
$67.42
$68.35
50-Day Range
$62.00
$69.12
52-Week Range
$58.27
$75.09
Volume
3.13 million shs
Average Volume
2.98 million shs
Market Capitalization
$85.35 billion
P/E Ratio
N/A
Dividend Yield
7.56%
Price Target
$72.00

Rio Tinto Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
5.7% Upside
$72.00 Price Target
Short Interest
Healthy
0.45% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.65mentions of Rio Tinto Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.22%
From $7.15 to $7.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.55 out of 5 stars

Basic Materials Sector

146th out of 173 stocks

Metal Mining Industry

17th out of 21 stocks

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

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Rio Tinto Group (RIO)
UBS Keeps Their Hold Rating on Rio Tinto Limited (RTNTF)
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Company Calendar

Last Earnings
2/23/2022
Ex-Dividend for 4/18 Dividend
3/07/2024
Dividend Payable
4/18/2024
Today
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Employees
57,000
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
+6.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$54.04 billion
Cash Flow
$13.76 per share
Book Value
$45.03 per share

Miscellaneous

Outstanding Shares
1,252,500,000
Free Float
N/A
Market Cap
$84.77 billion
Optionable
Optionable
Beta
0.70

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Key Executives

  • Mr. Jakob Stausholm M.S.Mr. Jakob Stausholm M.S. (Age 56)
    CEO & Executive Director
    Comp: $2.73M
  • Mr. Peter Lloyd Cunningham B.A.Mr. Peter Lloyd Cunningham B.A. (Age 58)
    CFO & Director
    Comp: $1.6M
  • Mr. Alfredo Barrios BSc Physics (Age 58)
    MSc, Ph.D., Chief Commercial Officer
    Comp: $1.42M
  • Mr. Bold Baatar (Age 50)
    Chief Executive of Copper
    Comp: $1.62M
  • Mr. Simon C. Trott BSc(Hon) (Age 48)
    GAICD, GradDipFin, Chief Executive of Iron Ore
    Comp: $1.5M
  • Mr. Jerome X. Pecresse (Age 57)
    Chief Executive of Aluminium, President & CEO of Renewable Energy
    Comp: $1.55M
  • Mr. Mark Davies
    Chief Technical Officer
  • Mr. Nigel Ian Steward
    Head of Grp Tech Processing, Asset Mgmt, Energy, Climate Change, R&D & Tech Strtgy & Chief Scientist
  • Mr. Menno Gerard Cornelis Sanderse
    Head of Investor Relations
  • Ms. Isabelle Deschamps (Age 54)
    Chief Legal, Governance & Corporate Affairs Officer

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

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 quarters, with increasing revenue and profitability.
  • The company has a diversified portfolio across different mineral resources, reducing risk associated with a single commodity.
  • Recent strategic investments in battery materials like lithium position Rio Tinto well in the growing renewable energy sector.
  • Current stock price of Rio Tinto Group is undervalued compared to its intrinsic value, presenting a potential buying opportunity.
  • Rio Tinto's commitment to sustainable mining practices enhances its long-term reputation and investor confidence.

Cons

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

  • The mining industry is subject to commodity price volatility, which can impact Rio Tinto's financial performance.
  • Environmental and regulatory risks associated with mining operations could lead to increased costs and operational challenges.
  • Global economic uncertainties may affect demand for mineral resources, impacting Rio Tinto's revenue streams.
  • Geopolitical factors in regions where Rio Tinto operates can pose risks to production and supply chain disruptions.
  • Investors need to closely monitor any legal disputes or controversies involving Rio Tinto that could impact its reputation and stock performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Rio Tinto Group pros and cons to contact@marketbeat.com.

RIO Stock Analysis - Frequently Asked Questions

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. There are currently 2 hold ratings and 8 buy ratings 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 target for 2024?

10 Wall Street research analysts have issued 12 month price targets for Rio Tinto Group's stock. Their RIO share price targets range from $72.00 to $72.00. On average, they expect the company's stock price to reach $72.00 in the next twelve months. This suggests a possible upside of 5.7% 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 2024?

Rio Tinto Group's stock was trading at $74.46 at the beginning of the year. Since then, RIO shares have decreased by 8.5% and is now trading at $68.13.
View the best growth stocks for 2024 here
.

How were Rio Tinto Group's earnings last quarter?

Rio Tinto Group (NYSE:RIO) announced its earnings results on Wednesday, February, 23rd. The mining company reported $3.91 earnings per share 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 announced a semi-annual dividend on Wednesday, February 21st. Stockholders of record on Friday, March 8th will be given a dividend of $2.58 per share on Thursday, April 18th. This represents a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from the stock's previous semi-annual dividend of $1.77.
Read our dividend analysis for RIO
.

Is Rio Tinto Group a good dividend stock?

Rio Tinto Group (NYSE:RIO) pays an annual dividend of $5.15 per share and currently has a dividend yield of 7.66%. 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).

Who are Rio Tinto Group's major shareholders?

Rio Tinto Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.08%), Raymond James & Associates (0.04%), Grassi Investment Management (0.02%), Bell Bank (0.01%), Salem Investment Counselors Inc. (0.01%) and Addenda Capital Inc. (0.01%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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..
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This page (NYSE:RIO) was last updated on 4/24/2024 by MarketBeat.com Staff

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