NYSE:RIO

Rio Tinto Group - RIO Stock Forecast, Price & News

$70.34

+0.88 (+1.27%)

(As of 12/6/2022 12:00 AM ET)

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Today's Range: $69.66
▼
$70.70
50-Day Range: $52.38
▼
$69.82
52-Week Range: $50.92
▼
$84.69

Volume: 3.86 million shs
Average Volume: 3.39 million shs
Market Capitalization: $87.88 billion

P/E Ratio: N/A
Dividend Yield: 7.67%
Price Target: $70.00

Rio Tinto Group MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 4,072.6% Upside
$2,935.00 Price Target
Short Interest: Healthy
1.08% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.30
Based on 15 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -25.34%
From $8.17 to $6.10 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

133rd out of 163 stocks

Metal Mining Industry

13th out of 16 stocks

3.0

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 3 buy ratings, 6 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2,935.00, Rio Tinto Group has a forecasted upside of 4,072.6% from its current price of $70.34.
Amount of Analyst Coverage
Rio Tinto Group has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.08% 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 3.2, 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 15.71%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Rio Tinto Group is a leading dividend payer. It pays a dividend yield of 7.67%, 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 87.38% 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.

2.4

News and Social Media Coverage

News Sentiment
Rio Tinto Group has a news sentiment score of 0.30. 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 0.44 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Rio Tinto Group this week, compared to 3 articles on an average week.
Search Interest
85 people have searched for RIO on MarketBeat in the last 30 days. This is an increase of 12% compared to the previous 30 days.
MarketBeat Follows
Only 33 people have added Rio Tinto Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -18% 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 10.05% 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 -25.34% in the coming year, from $8.17 to $6.10 per share.
Price to Book Value per Share Ratio
Rio Tinto Group has a P/B Ratio of 1.56. 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.

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RIO Stock News Headlines

December 5, 2022 | americanbankingnews.com

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

December 4, 2022 | americanbankingnews.com

Rio Tinto Group (NYSE:RIO) Downgraded by Citigroup

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

November 30, 2022 | msn.com

Rio Tinto ploughing millions more into renewable assets

November 30, 2022 | finance.yahoo.com

Rio Tinto progresses strategy to strengthen, decarbonise and grow

November 30, 2022 | finance.yahoo.com

European shares rise with the focus on data, Fed's Powell

November 30, 2022 | finance.yahoo.com

UPDATE 1-Rio Tinto 2023 iron ore shipments seen in line with 2022 view

November 29, 2022 | finance.yahoo.com

Rio Tinto plans further investment in renewable energy in the Pilbara

November 28, 2022 | uk.finance.yahoo.com

FTSE 100 and global stocks tumble as China protests hit markets

November 27, 2022 | finance.yahoo.com

Was Robert Bishop’s Impala Asset Management Right About These 10 Stocks?

November 24, 2022 | finance.yahoo.com

Rio Tinto’s Destruction of Australian ‘Stonehenge’ Sparks Reform

November 22, 2022 | proactiveinvestors.com.au

Sipa Resources has 2023 drill planning underway at Paterson North farm-in with Rio

November 21, 2022 | finance.yahoo.com

Rio Tinto commits A$250 million to support Western Australian communities

November 11, 2022 | finance.yahoo.com

Miner Rio Tinto’s Long-Awaited Deal Comeback Is Stuck in Limbo

November 9, 2022 | finance.yahoo.com

Rio Tinto and Yindjibarndi people strengthen ties with updated agreement

November 6, 2022 | finance.yahoo.com

Turquoise Hill further delays shareholder meet on $3.3 bln Rio Tinto buyout

November 6, 2022 | finance.yahoo.com

Turquoise Hill further delays shareholder meet on $3.3 billion Rio Tinto buyout

November 1, 2022 | reuters.com

Two Turquoise Hill investors to withhold votes on Rio Tinto's $3.3 bln bid

October 24, 2022 | seekingalpha.com

Rio Tinto: What Happens In China Matters

October 19, 2022 | finance.yahoo.com

Rio Tinto Group: Rio Tinto’s 2022 Third-Quarter Production Broadly as We Expected, FVE of AUD 99 Retained

October 19, 2022 | seekingalpha.com

Rio Tinto: Dividends Likely To Be Reduced Below 2016 Rate

October 19, 2022 | finance.yahoo.com

Rio Tinto’s Proposed Deal for Giant Copper Mine Endorsed by Glass Lewis

October 18, 2022 | ft.com

Rio Tinto warns of slowing iron ore shipments as Chinese construction falters

October 16, 2022 | finance.yahoo.com

Dow Futures Move Higher As Investors Brace for Earnings

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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
Dividend Payable: 9/22/2022
Today: 12/07/2022
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: $2,935.00
High Stock Price Forecast: $5,800.00
Low Stock Price Forecast: $70.00
Forecasted Upside/Downside: -0.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 12 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: 1.38
Cash Flow: $21.00 per share
Price / Cash Flow: 3.35
Book Value: $45.06 per share
Price / Book: 1.56

Miscellaneous

Outstanding Shares: 1,249,400,000
Free Float: N/A
Market Cap: $87.88 billion
Optionable: Optionable
Beta: 0.67

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?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last year. There are currently 3 sell ratings, 6 hold ratings and 3 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?: 12 equities research analysts have issued 1 year price targets for Rio Tinto Group's stock. Their RIO share price forecasts range from $70.00 to $5,800.00. On average, they predict the company's share price to reach $2,935.00 in the next twelve months. This suggests a possible upside of 4,072.6% 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 shares have increased by 5.1% and is now trading at $70.34.
View the best growth stocks for 2022 here.
Are investors shorting Rio Tinto Group?: Rio Tinto Group saw a increase in short interest in November. As of November 15th, there was short interest totaling 13,480,000 shares, an increase of 15.7% from the October 31st total of 11,650,000 shares. Based on an average daily trading volume, of 4,230,000 shares, the days-to-cover ratio is currently 3.2 days.
View Rio Tinto Group's Short Interest.
How were Rio Tinto Group's earnings last quarter?: Rio Tinto Group (NYSE:RIO) issued its quarterly earnings results on Wednesday, February, 23rd. The mining company reported $3.91 earnings per share (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 declared 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 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 7.67%. 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 institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.13%), Neuberger Berman Group LLC (0.43%), Dimensional Fund Advisors LP (0.24%), SPX Gestao de Recursos Ltda (0.12%), Cullen Capital Management LLC (0.11%) and BlackRock Inc. (0.09%).
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 $70.34.
How much money does Rio Tinto Group make?: Rio Tinto Group (NYSE:RIO) has a market capitalization of $87.88 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 12/7/2022 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 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^™