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Rio Tinto Group - RIO Stock Forecast, Price & News

$76.49
-2.60 (-3.29%)
(As of 02/2/2023 09:35 AM ET)
Add
Compare
Today's Range
$76.47
$77.11
50-Day Range
$65.20
$80.40
52-Week Range
$50.92
$84.69
Volume
243,169 shs
Average Volume
2.65 million shs
Market Capitalization
$95.57 billion
P/E Ratio
N/A
Dividend Yield
6.72%
Price Target
$70.00

Rio Tinto Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5,412.7% Upside
$4,360.00 Price Target
Short Interest
Healthy
1.02% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.49mentions of Rio Tinto Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-11.76%
From $8.08 to $7.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Basic Materials Sector

67th out of 161 stocks

Metal Mining Industry

7th out of 15 stocks


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.





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RIO Stock News Headlines

High-Dividend-Yielding BHP Sees China Driving '23 Growth (RIO)
On Thursday, Mining giant BHP reported its operational review for the first half of fiscal 2023. It said China’s reopening will stabilize commodity demand.
Optimism About Global Demand For Metals Boosts BHP, Other Miners (RIO)
Miners BHP, Rio Tinto, and Vale were among the big price gainers Thursday as their industry group moved higher, largely on news from China and Saudi Arabia.
Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
Rio Tinto Group's Surprise Comeback
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
Rio Tinto Group (NYSE:RIO) Shares Gap Up After Analyst Upgrade
Rio Tinto Will Likely Profit From China's Opening
Rio Tinto falls Wednesday, underperforms market
See More Headlines
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RIO Company Calendar

Last Earnings
2/23/2022
Today
2/02/2023
Next Earnings (Estimated)
2/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Employees
49,000
Year Founded
1873

Price Target and Rating

Average Stock Price Forecast
$4,360.00
High Stock Price Forecast
$6,200.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
-8.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
14 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$63.50 billion
Cash Flow
$20.02 per share
Book Value
$45.06 per share

Miscellaneous

Outstanding Shares
1,249,400,000
Free Float
N/A
Market Cap
$95.57 billion
Optionable
Optionable
Beta
0.66

Social Links


Key Executives

  • Mr. Jakob Stausholm M.S.Mr. Jakob Stausholm M.S. (Age 55)
    MS, CEO & Exec. Director
    Comp: $2.84M
  • Mr. Peter Lloyd Cunningham B.A.Mr. Peter Lloyd Cunningham B.A. (Age 56)
    CFO & Exec. Director
    Comp: $1.65M
  • Mr. Arnaud Soirat (Age 58)
    Group Chief Operating Officer
    Comp: $833k
  • Mr. Alfredo Barrios BSc Physics (Age 57)
    MSc, Ph.D., Chief Commercial Officer
    Comp: $2.35M
  • Mr. Bold Baatar (Age 49)
    Chief Exec. of Copper
    Comp: $1.5M
  • Mr. Simon C. Trott BSc(Hon) (Age 48)
    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













RIO Stock - Frequently Asked Questions

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

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last year. There are currently 4 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 2023?

14 brokers have issued 12 month price targets for Rio Tinto Group's shares. Their RIO share price forecasts range from $70.00 to $6,200.00. On average, they expect the company's share price to reach $4,360.00 in the next year. This suggests a possible upside of 5,412.7% 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 2023?

Rio Tinto Group's stock was trading at $71.20 at the start of the year. Since then, RIO shares have increased by 11.1% and is now trading at $79.09.
View the best growth stocks for 2023 here
.

When is Rio Tinto Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our RIO earnings forecast
.

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 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 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 6.72%. 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 institutional and retail investors. Top institutional investors include Pendal Group Ltd (0.21%), Natixis Advisors L.P. (0.05%), Bank of Montreal Can (0.04%), National Bank of Canada FI (0.03%), Capital Advisors Inc. OK (0.02%) and Cambridge Trust Co. (0.02%).
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 $79.09.

How much money does Rio Tinto Group make?

Rio Tinto Group (NYSE:RIO) has a market capitalization of $98.82 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..
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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 2/2/2023 by MarketBeat.com Staff