NYSE:RIO

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

$61.12

+1.73 (+2.91%)

(As of 05/26/2023 ET)

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Today's Range: $60.85
▼
$61.43
50-Day Range: $59.09
▼
$70.41
52-Week Range: $50.92
▼
$80.51

Volume: 3.90 million shs
Average Volume: 3.01 million shs
Market Capitalization: $76.46 billion

P/E Ratio: 8.82
Dividend Yield: 7.35%
Price Target: N/A

Rio Tinto Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.51% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.79
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -4.83%
From $8.90 to $8.47 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

136th out of 161 stocks

Metal Mining Industry

13th out of 15 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Rio Tinto Group.

5.0

Short Interest

Percentage of Shares Shorted
0.51% 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 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Rio Tinto Group has recently decreased by 10.99%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Rio Tinto Group is a leading dividend payer. It pays a dividend yield of 7.60%, 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 Coverage
The dividend payout ratio of Rio Tinto Group is 64.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Rio Tinto Group will have a dividend payout ratio of 53.01% 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.

2.7

News and Social Media Coverage

News Sentiment
Rio Tinto Group has a news sentiment score of 0.79. 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 higher news sentiment than the 0.30 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Rio Tinto Group this week, compared to 5 articles on an average week.
Search Interest
Only 79 people have searched for RIO on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
Only 26 people have added Rio Tinto Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -66% 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 10.43% of the stock of Rio Tinto Group is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Rio Tinto Group are expected to decrease by -4.83% in the coming year, from $8.90 to $8.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rio Tinto Group is 8.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.22.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rio Tinto Group is 8.82, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 96.01.
Price to Book Value per Share Ratio
Rio Tinto Group has a P/B Ratio of 1.46. 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 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

May 27, 2023 | americanbankingnews.com

Analysts Set Rio Tinto Group (NYSE:RIO) PT at $5,995.00

May 26, 2023 | americanbankingnews.com

Morgan Stanley Upgrades Rio Tinto Group (NYSE:RIO) to "Overweight"

May 27, 2023 | Legacy Research (Affiliate) (Ad)

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May 26, 2023 | seekingalpha.com

RTNTF Rio Tinto Group

May 26, 2023 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) Upgraded to "Overweight" at Morgan Stanley

May 24, 2023 | msn.com

Calls to protect Northern Ponds at Lake Macleod on Rio Tinto salt mine lease

May 17, 2023 | proactiveinvestors.com

Graphene Manufacturing Group inks battery development agreement with Rio Tinto

May 17, 2023 | proactiveinvestors.com

Graphene Manufacturing Group inks battery JDA with Rio Tinto

May 27, 2023 | Legacy Research (Affiliate) (Ad)

Sell every Stock except ONE

Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...

May 17, 2023 | americanbankingnews.com

JPMorgan Chase & Co. Upgrades Rio Tinto Group (NYSE:RIO) to "Neutral"

May 8, 2023 | msn.com

5 reasons Rio Tinto shares could surge 21%

May 8, 2023 | americanbankingnews.com

Contrasting Rio Tinto Group (NYSE:RIO) and American Lithium (NASDAQ:AMLI)

May 5, 2023 | finance.yahoo.com

Rio Tinto Cautions Against Takeover Fever After Lithium's Dramatic Price Slump

May 5, 2023 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) Lifted to "Outperform" at Sanford C. Bernstein

May 4, 2023 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) Receives Consensus Rating of "Hold" from Brokerages

May 2, 2023 | finance.yahoo.com

Rio Tinto unveils iconic A$2 million Argyle RoseTM jewellery piece

April 29, 2023 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) Lowered to "Buy" at StockNews.com

April 28, 2023 | msn.com

Unusual Call Option Trade in Rio Tinto plc - ADR (RIO) Worth $563.22K

April 28, 2023 | seekingalpha.com

Rio Tinto Production Update Points To Continued Success

April 27, 2023 | finance.yahoo.com

Rio Tinto acquires high-grade scandium project in Australia

April 25, 2023 | seekingalpha.com

Rio Tinto: Positive 2023 Start

April 23, 2023 | afr.com

Rio Tinto facing suit from Panguna landowners

April 22, 2023 | americanbankingnews.com

Rio Tinto Group Target of Unusually High Options Trading (NYSE:RIO)

April 21, 2023 | americanbankingnews.com

FY2023 EPS Estimates for Rio Tinto Group (NYSE:RIO) Decreased by Analyst

April 20, 2023 | msn.com

Are Rio Tinto and Glencore shares no-brainer buys now?

April 14, 2023 | seekingalpha.com

Rio Tinto Stock: Net Zero Is A Huge Tailwind

April 7, 2023 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) Receives $5,790.00 Consensus Target Price from Analysts

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RIO Company Calendar

Last Earnings: 2/23/2022
Ex-Dividend for 4/20 Dividend: 3/09/2023
Dividend Payable: 4/20/2023
Today: 5/27/2023
Fiscal Year End: 12/31/2023

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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: 52,000
Year Founded: 1873

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: 1.64
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $55.55 billion
Price / Sales: 1.38
Cash Flow: $15.05 per share
Price / Cash Flow: 4.06
Book Value: $41.83 per share
Price / Book: 1.46

Miscellaneous

Outstanding Shares: 1,250,948,000
Free Float: N/A
Market Cap: $76.46 billion
Optionable: Optionable
Beta: 0.68

Social Links

Key Executives

Jakob Stausholm
Chief Executive Officer & Executive Director

Arnaud Soirat
Chief Operating Officer

Peter Lloyd Cunningham
Chief Financial Officer & Executive Director

Mark Davies
Chief Technical Officer

Bold Baatar
Chief Executive-Copper

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

RIO Stock - Frequently Asked Questions

Should I buy or sell Rio Tinto Group stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RIO shares.
View RIO analyst ratings or view top-rated stocks.
How have RIO shares performed in 2023?: Rio Tinto Group's stock was trading at $71.20 at the beginning of 2023. Since then, RIO shares have decreased by 14.2% and is now trading at $61.12.
View the best growth stocks for 2023 here.
How were Rio Tinto Group's earnings last quarter?: Rio Tinto Group (NYSE:RIO) released its quarterly earnings data on Wednesday, February, 23rd. The mining company reported $3.91 EPS for the quarter, hitting 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 Monday, February 27th. Stockholders of record on Friday, March 10th will be given a dividend of $2.25 per share on Thursday, April 20th. This represents a yield of 9.8%. The ex-dividend date is Thursday, March 9th.
Read our dividend analysis for RIO.
What ETFs hold Rio Tinto Group's stock?: ETFs with the largest weight of Rio Tinto Group (NYSE:RIO) stock in their portfolio include VanEck Steel ETF (SLX), First Trust Indxx Global Natural Resources Income ETF (FTRI), Invesco International Dividend Achievers ETF (PID), Spear Alpha ETF (SPRX), Amplify Natural Resources Dividend Income ETF (NDIV), Leatherback Long/Short Alternative Yield ETF (LBAY), Amplify International Enhanced Dividend Income ETF (IDVO) and Formidable ETF (FORH).
Is Rio Tinto Group a good dividend stock?: Rio Tinto Group (NYSE:RIO) pays an annual dividend of $4.49 per share and currently has a dividend yield of 7.60%. 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 Fisher Asset Management LLC (1.17%), Wellington Management Group LLP (1.11%), Franklin Resources Inc. (0.51%), Arrowstreet Capital Limited Partnership (0.43%), FMR LLC (0.23%) and Bank of America Corp DE (0.21%).
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 $61.12.
How much money does Rio Tinto Group make?: Rio Tinto Group (NYSE:RIO) has a market capitalization of $76.46 billion and generates $55.55 billion in revenue each year.
How many employees does Rio Tinto Group have?: The company employs 52,000 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 5/27/2023 by MarketBeat.com Staff

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