NYSE:RIO

Rio Tinto Group - RIO Stock Forecast, Price & News

$78.93

-0.68 (-0.85%)

(As of 01/30/2023 12:00 AM ET)

Add

Compare

Today's Range: $78.93
▼
$79.74
50-Day Range: $64.28
▼
$80.40
52-Week Range: $50.92
▼
$84.69

Volume: 2.39 million shs
Average Volume: 2.74 million shs
Market Capitalization: $98.62 billion

P/E Ratio: N/A
Dividend Yield: 6.70%
Price Target: $70.00

Institutional Ownership

Rio Tinto Group MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 5,423.9% 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: 0.68
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.

2.26 out of 5 stars

Basic Materials Sector

68th out of 160 stocks

Metal Mining Industry

6th out of 14 stocks

4.0

Analyst's Opinion

Consensus Rating
Rio Tinto Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 4 buy ratings, 6 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4,360.00, Rio Tinto Group has a forecasted upside of 5,423.9% from its current price of $78.93.
Amount of Analyst Coverage
Rio Tinto Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.02% 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 3.7, 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 increased by 1.03%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
Rio Tinto Group is a leading dividend payer. It pays a dividend yield of 6.70%, 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 EPS estimates, Rio Tinto Group will have a dividend payout ratio of 83.28% in the coming year. This indicates that Rio Tinto Group may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RIO.

3.7

News and Social Media Coverage

News Sentiment
Rio Tinto Group has a news sentiment score of 0.68. 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 0.36 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Rio Tinto Group this week, compared to 3 articles on an average week.
Search Interest
88 people have searched for RIO on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.
MarketBeat Follows
46 people have added Rio Tinto Group to their MarketBeat watchlist in the last 30 days. This is an increase of 31% 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.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Rio Tinto Group are expected to decrease by -21.57% in the coming year, from $8.16 to $6.40 per share.
Price to Book Value per Share Ratio
Rio Tinto Group has a P/B Ratio of 1.75. 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.

Receive RIO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Rio Tinto Group and its competitors with MarketBeat's FREE daily newsletter.

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 31, 2023 | Porter & Company (Ad)

Is This The End of Capitalism?

EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…

January 29, 2023 | msn.com

Markets live: ASX slips ahead of US, British and European interest rate hikes, Rio Tinto apologises after radioactive capsule lost in WA

January 29, 2023 | finance.yahoo.com

Rio Tinto Has Lost Radioactive Capsule in West Australian Desert

January 29, 2023 | ft.com

Rio Tinto apologises for losing highly radioactive capsule

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 31, 2023 | Porter & Company (Ad)

Is This The End of Capitalism?

EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…

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 18, 2023 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: Allkem Limited (OtherOROCF) and BHP Group Ltd (OtherBHPLF)

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

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive RIO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Rio Tinto Group and its competitors with MarketBeat's FREE daily newsletter.

RIO Company Calendar

Last Earnings: 2/23/2022
Today: 1/30/2023
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: -11.3%
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: 1.55
Cash Flow: $20.61 per share
Price / Cash Flow: 3.83
Book Value: $45.06 per share
Price / Book: 1.75

Miscellaneous

Outstanding Shares: 1,249,400,000
Free Float: N/A
Market Cap: $98.62 billion
Optionable: Optionable
Beta: 0.64

Social Links

Key Executives

Mr. Jakob Stausholm M.S. (Age 55)
MS, CEO & Exec. Director
Comp: $2.84M

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 5,423.9% 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 10.9% and is now trading at $78.93.
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 6.70%. 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%), Natixis Advisors L.P. (0.05%), National Bank of Canada FI (0.03%), Capital Advisors Inc. OK (0.02%), Cambridge Trust Co. (0.02%) and New York State Common Retirement Fund (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 $78.93.
How much money does Rio Tinto Group make?: Rio Tinto Group (NYSE:RIO) has a market capitalization of $98.62 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 1/31/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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 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

Overall MarketRank^™