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Lowest-Rated Stocks  
NYSE:RIO

Rio Tinto Group - RIO Stock Forecast, Price & News

$79.70
-0.70 (-0.87%)
(As of 01/27/2023 03:11 PM ET)
Add
Compare
Today's Range
$77.75
▼
$79.70
50-Day Range
$64.28
▼
$80.40
52-Week Range
$50.92
▼
$84.69
Volume
3.55 million shs
Average Volume
2.71 million shs
Market Capitalization
$99.58 billion
P/E Ratio
N/A
Dividend Yield
6.63%
Price Target
$70.00

Rio Tinto Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5,408.5% Upside
$4,360.00 Price Target
Short Interest
Healthy
1.02% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Rio Tinto Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-21.57%
From $8.16 to $6.40 Per Share

Overall MarketRank™

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

2.25 out of 5 stars

Basic Materials Sector

75th out of 161 stocks

Metal Mining Industry

7th out of 15 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.





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RIO Stock News Headlines

January 19, 2023 | marketbeat.com
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.
January 12, 2023 | marketbeat.com
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.
January 27, 2023 | Porter & Company (Ad)
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
January 26, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Shares Gap Up After Analyst Upgrade
January 25, 2023 | americanbankingnews.com
Stock Traders Purchase Large Volume of Call Options on Rio Tinto Group (NYSE:RIO)
January 25, 2023 | americanbankingnews.com
Morgan Stanley Increases Rio Tinto Group (NYSE:RIO) Price Target to GBX 5,790
January 22, 2023 | americanbankingnews.com
Brokerages Set Rio Tinto Group (NYSE:RIO) PT at $5,760.00
January 20, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Given New GBX 5,380 Price Target at JPMorgan Chase & Co.
January 27, 2023 | Porter & Company (Ad)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
January 18, 2023 | markets.businessinsider.com
Analysts Offer Insights on Materials Companies: Allkem Limited (OtherOROCF) and BHP Group Ltd (OtherBHPLF)
January 17, 2023 | americanbankingnews.com
Rio Tinto Group (NYSE:RIO) Rating Lowered to Underperform at CLSA
January 13, 2023 | finance.yahoo.com
Dow Jones Futures Falls 300 Points As JPMorgan Slides On Earnings; Tesla Dives On Price Cuts
January 12, 2023 | finance.yahoo.com
Saudi Arabia Seeks to Lure Global Miners in Bid to Overhaul Its Economy
January 12, 2023 | uk.finance.yahoo.com
FTSE 100 and European stocks rally ahead of key US inflation figures
January 9, 2023 | finance.yahoo.com
Dow Jones Reverses Lower Ahead Of Powell Speech; 7 Best Stocks To Buy And Watch
January 9, 2023 | finance.yahoo.com
Are Investors Undervaluing ClevelandCliffs (CLF) Right Now?
December 26, 2022 | seekingalpha.com
Rio Tinto Will Likely Profit From China's Opening
December 16, 2022 | msn.com
Rio Tinto wins fight for control of copper miner: Multi-billion pound takeover of Canadian miner Turquoise Hill complete
December 14, 2022 | marketwatch.com
Rio Tinto falls Wednesday, underperforms market
December 13, 2022 | finance.yahoo.com
Rio Tinto Looking for Lithium Deals as Demand and Prices Soar
December 9, 2022 | reuters.com
Rio Tinto’s Mongolian purgatory is finally over
December 9, 2022 | ft.com
Rio Tinto prevails in $3.3bn takeover of Turquoise Hill
December 9, 2022 | finance.yahoo.com
UPDATE 2-Turquoise Hill shareholders approve Rio Tinto's $3.3 bln buyout bid
December 9, 2022 | ca.finance.yahoo.com
Turquoise Hill's Friday vote on Rio Tinto takeover bid is hard to call
December 7, 2022 | reuters.com
Rio Tinto plays chancy round of Mongolian roulette
December 1, 2022 | finance.yahoo.com
25 Most Capitalist Nations in the World
November 30, 2022 | msn.com
Rio Tinto ploughing millions more into renewable assets in the iron-ore rich region of Pilbara in Australia - as it cracks on with mission to halve carbon emissions by 2030
See More Headlines
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RIO Company Calendar

Last Earnings
2/23/2022
Today
1/27/2023
Next Earnings (Estimated)
2/22/2023
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
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
-12.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
14 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
1.57
Cash Flow
$20.70 per share
Price / Cash Flow
3.85
Book Value
$45.06 per share
Price / Book
1.77

Miscellaneous

Outstanding Shares
1,249,401,000
Free Float
N/A
Market Cap
$99.58 billion
Optionable
Optionable
Beta
0.65

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions













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 twelve months. 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 Wall Street analysts have issued 1-year price targets for Rio Tinto Group's stock. Their RIO share price forecasts range from $70.00 to $6,200.00. On average, they expect the company's stock price to reach $4,360.00 in the next twelve months. This suggests a possible upside of 5,322.9% 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 stock has increased by 12.9% and is now trading at $80.40.
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) released its earnings results on Wednesday, February, 23rd. The mining company reported $3.91 earnings per share (EPS) for the quarter, meeting 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 declared a semi-annual dividend on Thursday, July 28th. Stockholders of record on Friday, August 12th will be given 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 6.67%. 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 retail and institutional investors. Top institutional shareholders include Pendal Group Ltd (0.21%), National Bank of Canada FI (0.03%), Capital Advisors Inc. OK (0.02%), Cambridge Trust Co. (0.02%), Naples Global Advisors LLC (0.01%) and Capital Investment Advisors LLC (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 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 $80.40.

How much money does Rio Tinto Group make?

Rio Tinto Group (NYSE:RIO) has a market capitalization of $100.45 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
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 1/27/2023 by MarketBeat.com Staff