Rio Tinto Group (RIO) Stock Forecast & Price Target

$65.28

+0.67 (+1.04%)

(As of 10/25/2024 ET)

Rio Tinto Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
4

Buy
5

Based on 9 Wall Street analysts who have issued ratings for Rio Tinto Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 4 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for RIO.

Consensus Price Target

N/A

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RIO Analyst Ratings Over Time

Type	Current Forecast 10/26/23 to 10/25/24	1 Month Ago 9/26/23 to 9/25/24	3 Months Ago 7/28/23 to 7/27/24	1 Year Ago 10/26/22 to 10/26/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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RIO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RIO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rio Tinto Group Stock vs. The Competition

Type	Rio Tinto Group	Basic Materials Companies	S&P 500
Consensus Rating Score	2.67	2.75	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	N/A	108.52% Upside	8.90% Upside
News Sentiment Rating	Very Positive News See Recent RIO News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/16/2024	Macquarie 2 of 5 stars		Reiterated Rating	Outperform ➝ Neutral
10/2/2024	Berenberg Bank 2 of 5 stars	R. Hatch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
7/31/2024	Royal Bank of Canada 4 of 5 stars	K. Peker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/23/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Modi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/23/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
5/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
Get the Latest News and Ratings for RIO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Rio Tinto Group and its competitors with MarketBeat's FREE daily newsletter.
3/5/2024	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
1/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
12/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
10/24/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
10/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
9/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
6/28/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$80.00 ➝ $72.00	+10.97%
6/5/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
5/26/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
5/5/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
3/13/2023	CLSA Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:05 AM ET.

Should I Buy Rio Tinto Group Stock? RIO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 18, 2024. Please send any questions or comments about these Rio Tinto Group pros and cons to contact@marketbeat.com.

Rio Tinto Group
Bull Case

Here are some ways that investors could benefit from investing in Rio Tinto Group:

Rio Tinto Group's stock price has shown resilience, trading at $63.57 on October 13, 2024, with a 52-week range of $59.35 to $75.09.
The company has a diversified portfolio operating in segments such as Iron Ore, Aluminium, Copper, and Minerals, providing exposure to various commodities.
Analysts have recently upgraded Rio Tinto Group's ratings, with some issuing strong-buy and buy recommendations, indicating positive sentiment towards the company's future performance.
Rio Tinto Group has a history of paying dividends, offering investors a source of passive income through regular dividend payments.
The company's global presence in exploring, mining, and processing mineral resources positions it well to benefit from potential growth in the global commodities market.

Rio Tinto Group
Bear Case

Investors should be bearish about investing in Rio Tinto Group for these reasons:

The stock has experienced a recent decline of 2.5%, indicating potential volatility in the company's share price.
Commodity prices can be cyclical, and fluctuations in prices may impact Rio Tinto Group's revenue and profitability.
Environmental and social responsibility concerns have been raised regarding the company's mining operations, which could lead to regulatory challenges and reputational risks.
Global economic uncertainties and geopolitical tensions may affect demand for commodities, impacting Rio Tinto Group's financial performance.
Investing in mining companies like Rio Tinto Group carries inherent risks related to operational disruptions, regulatory changes, and commodity price fluctuations.

RIO Forecast - Frequently Asked Questions

: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last year. There are currently 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RIO shares.
: According to analysts, Rio Tinto Group's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Rio Tinto Group's stock had 2 upgrades by analysts.
: Rio Tinto Group has been rated by research analysts at Berenberg Bank, Macquarie, and Royal Bank of Canada in the past 90 days.
: Analysts like Rio Tinto Group less than other "basic materials" companies. The consensus rating score for Rio Tinto Group is 2.67 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how RIO compares to other companies.

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This page (NYSE:RIO) was last updated on 10/25/2024 by MarketBeat.com Staff

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Rio Tinto Group (RIO) Stock Forecast & Price Target