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

$64.85
-0.29 (-0.45%)
(As of 03/4/2024 ET)
Today's Range
$64.49
$64.94
50-Day Range
$63.96
$74.78
52-Week Range
$58.27
$75.09
Volume
2.18 million shs
Average Volume
2.69 million shs
Market Capitalization
$81.15 billion
P/E Ratio
9.19
Dividend Yield
5.44%
Price Target
$72.00

Rio Tinto Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
11.0% Upside
$72.00 Price Target
Short Interest
Healthy
0.57% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.12mentions of Rio Tinto Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.19%
From $7.76 to $7.59 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.

2.83 out of 5 stars

Basic Materials Sector

98th out of 172 stocks

Metal Mining Industry

8th out of 20 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
3 Forgotten Dividend Stocks With a Yield of Over 5%
China’s Metal Demand Takes a Different Shape
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Rio Tinto Board changes
Rio Tinto: Solid Buy With Simandou Upside To Priced In
The Simandou Project: Rio Tinto's Bet On Green Steel
Rio Tinto Statement – Update on Fort Smith plane crash
Rio Tinto Group: Raising target to $80
RIO vs. MP: Which Stock Is the Better Value Option?
See More Headlines
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Company Calendar

Last Earnings
2/23/2022
Today
3/04/2024
Ex-Dividend for 4/18 Dividend
3/07/2024
Dividend Payable
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Employees
52,000
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
+11.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$54.04 billion
Cash Flow
$13.60 per share
Book Value
$45.03 per share

Miscellaneous

Outstanding Shares
1,251,420,000
Free Float
N/A
Market Cap
$81.15 billion
Optionable
Optionable
Beta
0.71

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Key Executives















RIO Stock Analysis - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last year. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

11 analysts have issued 1 year price targets for Rio Tinto Group's shares. Their RIO share price targets range from $72.00 to $72.00. On average, they predict the company's share price to reach $72.00 in the next twelve months. This suggests a possible upside of 11.0% 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 stock has decreased by 12.9% and is now trading at $64.85.
View the best growth stocks for 2024 here
.

Are investors shorting Rio Tinto Group?

Rio Tinto Group saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 6,000,000 shares, an increase of 6.6% from the January 15th total of 5,630,000 shares. Based on an average trading volume of 2,650,000 shares, the days-to-cover ratio is currently 2.3 days.
View Rio Tinto Group's Short Interest
.

How were Rio Tinto Group's earnings last quarter?

Rio Tinto Group (NYSE:RIO) posted its quarterly earnings results on Wednesday, February, 23rd. The mining company reported $3.91 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, February 21st. Investors 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 a positive change 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 $3.53 per share and currently has a dividend yield of 5.42%. RIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RIO will have a dividend payout ratio of 46.51% next year. This indicates that the company will be able to sustain or increase its dividend.
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 many different institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.28%), Goldman Sachs Group Inc. (0.46%), Franklin Resources Inc. (0.39%), Capital World Investors (0.38%), Harding Loevner LP (0.19%) and Optiver Holding B.V. (0.00%).
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..
Read More
This page (NYSE:RIO) was last updated on 3/4/2024 by MarketBeat.com Staff