NYSE:RIO

Rio Tinto Group - RIO Stock Forecast, Price & News

$59.66

-1.32 (-2.16%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $59.32
▼
$60.01
50-Day Range: $54.68
▼
$74.41
52-Week Range: $53.83
▼
$84.69

Volume: 2.67 million shs
Average Volume: 4.15 million shs
Market Capitalization: $74.92 billion

P/E Ratio: N/A
Dividend Yield: 8.74%
Price Target: $78.00

Rio Tinto Group MarketRank™ Forecast

Analyst Rating: Hold
2.19 Rating Score
Upside/Downside: 7,184.1% Upside
$4,345.71 Price Target
Short Interest: Healthy
1.23% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -17.65%
From $9.12 to $7.51 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

142nd out of 171 stocks

Metal Mining Industry

13th out of 18 stocks

3.1

Analyst's Opinion

Consensus Rating
Rio Tinto Group has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 7 buy ratings, 6 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4,345.71, Rio Tinto Group has a forecasted upside of 7,184.1% from its current price of $59.66.
Amount of Analyst Coverage
Rio Tinto Group has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.23% 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 4.5.
Change versus previous month
Short interest in Rio Tinto Group has recently decreased by 2.59%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
Rio Tinto Group is a leading dividend payer. It pays a dividend yield of 8.74%, 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 70.97% 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.

1.1

News and Social Media Coverage

News Sentiment
Rio Tinto Group has a news sentiment score of 0.00. 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 lower news sentiment than the 0.34 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Rio Tinto Group this week, compared to 3 articles on an average week.
Search Interest
Only 145 people have searched for RIO on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
MarketBeat Follows
Only 75 people have added Rio Tinto Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% 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 10.84% of the stock of Rio Tinto Group is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Rio Tinto Group are expected to decrease by -17.65% in the coming year, from $9.12 to $7.51 per share.
Price to Book Value per Share Ratio
Rio Tinto Group has a P/B Ratio of 1.31. 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 engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.

Rio Tinto Group Stock Performance

Shares of NYSE:RIO opened at $60.98 on Wednesday. The business has a 50 day simple moving average of $61.42 and a two-hundred day simple moving average of $70.44. Rio Tinto Group has a 1 year low of $53.83 and a 1 year high of $84.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.79.

Rio Tinto Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Friday, August 12th will be given a $2.67 dividend. This represents a yield of 11.4%. The ex-dividend date of this dividend is Thursday, August 11th.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group reduced their target price on Rio Tinto Group from GBX 4,400 ($53.17) to GBX 4,300 ($51.96) in a report on Thursday, July 28th. StockNews.com downgraded Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 12th. Morgan Stanley reduced their price target on shares of Rio Tinto Group from GBX 5,990 ($72.38) to GBX 5,900 ($71.29) and set an "overweight" rating on the stock in a research report on Tuesday. Liberum Capital lowered shares of Rio Tinto Group from a "hold" rating to a "sell" rating in a research report on Wednesday, May 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Rio Tinto Group from GBX 6,000 ($72.50) to GBX 5,800 ($70.08) in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $4,345.71.

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RIO Stock News Headlines

August 18, 2022 | marketbeat.com

Miners Advance On Earnings Despite Broader Economic Challenges

Miners Rio Tinto, BHP Group and Vale are up since reporting earnings, although supply-chain, labor and inflation challenges may possibly hinder future growth.

August 15, 2022 | finance.yahoo.com

Rio Tinto rebuffed in plan to take control of Mongolian copper project

August 5, 2022 | finance.yahoo.com

One of Mining’s Top Female Leaders Vows Change After Abuse Shame

August 5, 2022 | finance.yahoo.com

Rio Tinto attracts several proposls to build 4 GW of wind, solar power

August 4, 2022 | uk.finance.yahoo.com

FTSE 100: Glencore to return $4.5bn to investors after record profits

August 3, 2022 | americanbankingnews.com

Brokers Offer Predictions for Rio Tinto Group's FY2022 Earnings (NYSE:RIO)

August 2, 2022 | americanbankingnews.com

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

August 1, 2022 | fool.co.uk

Down 20%, are Rio Tinto shares a no-brainer buy?

August 1, 2022 | americanbankingnews.com

UBS Group Cuts Rio Tinto Group (NYSE:RIO) Price Target to GBX 4,300

August 1, 2022 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) Price Target Increased to GBX 5,350 by Analysts at JPMorgan Chase & Co.

August 1, 2022 | americanbankingnews.com

Berenberg Bank Boosts Rio Tinto Group (NYSE:RIO) Price Target to GBX 4,300

July 30, 2022 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) PT Lowered to GBX 4,700 at Royal Bank of Canada

July 29, 2022 | msn.com

Mining industry: Analyst explains why he prefers BHP to Rio Tinto

July 28, 2022 | finance.yahoo.com

Rio Tinto Group: Rio Tinto's First-Half 2022 Result Strong Despite Lower Prices; FVE of AUD 101 Retained

July 28, 2022 | seekingalpha.com

Rio Tinto, China-backed group strike JV deal for huge Guinea mining project

July 27, 2022 | fool.com.au

Did the Rio Tinto interim dividend really just tumble 52%?

July 27, 2022 | finance.yahoo.com

Rio Tinto, Winning strike JV deal for Guinea project

July 27, 2022 | finance.yahoo.com

Rio Tinto Inks Deal to Unlock Massive Simandou Iron Ore Project

July 27, 2022 | msn.com

MARKET REPORT: Rio Tinto warns era of record profits is over for the mining sector as its revenues slide 10%

July 27, 2022 | reuters.com

Rio Tinto slashes dividend as profits take a hit; shares tumble

July 27, 2022 | msn.com

Rio Tinto slashes dividend as profits dive 29% amid falling iron ore prices, cooling demand from China and labour woes

July 27, 2022 | msn.com

Rio Tinto slashes dividend as profit falls 29%

July 27, 2022 | finance.yahoo.com

Rio Tinto signals end to era of record mining returns

July 27, 2022 | uk.finance.yahoo.com

FTSE 100: Rio Tinto shares slide as mining bonanza fizzles

July 26, 2022 | finance.yahoo.com

RPT-COLUMN-Where there's muck there's brass ... and critical minerals: Andy Home

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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RIO Company Calendar

Last Earnings: 2/23/2022
Ex-Dividend for 9/22 Dividend: 8/11/2022
Today: 8/18/2022
Dividend Payable: 9/22/2022
Fiscal Year End: 12/31/2022

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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: 49,000
Year Founded: 1873

Price Target and Rating

Average Stock Price Forecast: $4,345.71
High Stock Price Forecast: $5,900.00
Low Stock Price Forecast: $70.00
Forecasted Upside/Downside: +30.7%
Consensus Rating: Hold
Rating Score (0-4): 2.19
Research Coverage: 16 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: 0.21
Current Ratio: 1.79
Quick Ratio: 1.34

Sales & Book Value

Annual Sales: $63.50 billion
Price / Sales: 1.18
Cash Flow: $21.16 per share
Price / Cash Flow: 2.82
Book Value: $45.47 per share
Price / Book: 1.31

Miscellaneous

Outstanding Shares: 1,255,795,000
Free Float: N/A
Market Cap: $74.92 billion
Optionable: Optionable
Beta: 0.65

Social Links

Key Executives

Mr. Jakob Stausholm M.S. (Age 54)
MS, CEO & Exec. Director
Comp: $2.84M
Mr. Peter Lloyd Cunningham B.A. (Age 55)
CFO & Exec. Director
Comp: $1.65M
Mr. Arnaud Soirat (Age 57)
Group Chief Operating Officer
Comp: $833k
Mr. Alfredo Barrios BSc Physics (Age 56)
MSc, Ph.D., Chief Commercial Officer
Comp: $2.35M
Mr. Bold Baatar (Age 48)
Chief Exec. of Copper
Comp: $1.5M
Mr. Simon C. Trott BSc(Hon) (Age 47)
GAICD, GradDipFin, Chief Exec. of Iron Ore
Comp: $1.48M
Mr. Ivan Vella
Chief Exec. of Aluminum
Ms. Sinead Kaufman
Chief Exec. of Minerals
Mr. Mark Davies
Chief Technical Officer
Mr. Menno Gerard Cornelis Sanderse
Head of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RIO Stock - Frequently Asked Questions

Should I buy or sell Rio Tinto Group stock right now?: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIO, but not buy additional shares or sell existing shares.
View RIO analyst ratings or view top-rated stocks.
What is Rio Tinto Group's stock price forecast for 2022?: 16 analysts have issued 1-year price targets for Rio Tinto Group's shares. Their RIO share price forecasts range from $70.00 to $5,900.00. On average, they predict the company's share price to reach $4,345.71 in the next twelve months. This suggests a possible upside of 7,184.1% 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 2022?: Rio Tinto Group's stock was trading at $66.94 at the start of the year. Since then, RIO stock has decreased by 10.9% and is now trading at $59.66.
View the best growth stocks for 2022 here.
How were Rio Tinto Group's earnings last quarter?: Rio Tinto Group (NYSE:RIO) announced its quarterly earnings data 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 announced a semi-annual dividend on Thursday, July 28th. Stockholders of record on Friday, August 12th will be paid a dividend of $2.67 per share on Thursday, September 22nd. This represents a yield of 11.4%. The ex-dividend date of this dividend is Thursday, August 11th.
Read our dividend analysis for RIO.
Is Rio Tinto Group a good dividend stock?: Rio Tinto Group (NYSE:RIO) pays an annual dividend of $5.33 per share and currently has a dividend yield of 8.74%. 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 variety of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (0.49%), FMR LLC (0.24%), Optiver Holding B.V. (0.00%), Northern Trust Corp (0.14%), Renaissance Technologies LLC (0.11%) and Cullen Capital Management LLC (0.10%).
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 $59.66.
How much money does Rio Tinto Group make?: Rio Tinto Group (NYSE:RIO) has a market capitalization of $74.92 billion and generates $63.50 billion in revenue each year.
How many employees does Rio Tinto Group have?: The company employs 49,000 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
When was Rio Tinto Group founded?: Rio Tinto Group was founded in 1873.
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 8/18/2022 by MarketBeat.com Staff

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Rio Tinto Group - RIO Stock Forecast, Price & News

Rio Tinto Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Rio Tinto Group (NYSE:RIO) Stock

Rio Tinto Group Stock Performance

Rio Tinto Group Cuts Dividend

Analyst Ratings Changes

RIO Stock News Headlines

RIO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

RIO Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™