Rio Tinto (RIO) Stock Forecast & Price Target

Q: What analysts cover Rio Tinto?

Rio Tinto has been rated by research analysts at Argus , Berenberg Bank , Citigroup , DZ Bank , Erste Group Bank , Jefferies Financial Group , Morgan Stanley , Royal Bank Of Canada , Sanford C. Bernstein , Weiss Ratings , and Zacks Research in the past 90 days.

$85.06 +0.52 (+0.62%)

As of 01:53 PM Eastern

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Rio Tinto - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 19 Analyst Ratings

Sell
1

Hold
13

Buy
5

Based on 19 Wall Street analysts who have issued ratings for Rio Tinto in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 1 has given a sell rating, 13 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for RIO.

Consensus Price Target

$101.63
19.47% Upside

According to the 19 analysts' twelve-month price targets for Rio Tinto, the average price target is $101.63. The highest price target for RIO is $120.00, while the lowest price target for RIO is $89.50. The average price target represents a forecasted upside of 19.47% from the current price of $85.06.

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.

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RIO Analyst Ratings Over Time

Type	Current Forecast 11/11/25 to 11/11/26	1 Month Ago 10/12/25 to 10/12/26	3 Months Ago 8/13/25 to 8/13/26	1 Year Ago 11/11/24 to 11/11/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	3 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	9 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	4 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$101.63	$101.63	$103.50	$73.00
Forecasted Upside	19.47% Upside	7.69% Upside	5.49% Upside	3.74% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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 Stock vs. The Competition

Type	Rio Tinto	Materials Companies	Broader Market
Consensus Rating Score	2.26	2.55	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	19.98% Upside	82.30% Upside	14.18% Upside
News Sentiment Rating	Positive News See Recent RIO News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/28/2026	Weiss Ratings 2 of 5 stars		Reiterated Rating	Buy (B)
10/13/2026	Citigroup 4 of 5 stars		Reiterated Rating	Neutral
10/6/2026	Royal Bank Of Canada 3 of 5 stars		Upgrade	Underperform ➝ Sector Perform
9/30/2026	Berenberg Bank Subscribe to MarketBeat All Access to unlock brokerage rankings	Richard Hatch Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy
9/15/2026	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
9/9/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Bob Brackett Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$88.50 ➝ $89.50	-13.83%
9/2/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
8/27/2026	Erste Group Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold
8/24/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Alain Gabriel Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Overweight ➝ Underweight	$90.00	-14.55%
8/20/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	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 and its competitors with MarketBeat's FREE daily newsletter.
8/20/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong-Buy
7/30/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral
7/30/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral
7/29/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Buy
7/15/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral
7/14/2026	Morningstar Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold
7/7/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral
5/22/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Neutral
1/26/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold
10/3/2025	SBG Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Sell
2/28/2025	Clarkson Capital Subscribe to MarketBeat All Access to unlock brokerage rankings	R. Department Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:53 PM ET.

Should I Buy Rio Tinto 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 Thursday, November 5, 2026. Please send any questions or comments about these Rio Tinto pros and cons to contact@marketbeat.com.

Rio Tinto
Bull Case

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

Rio Tinto Group has approved a $144 million investment to advance the Resolution Copper project in Arizona, a move that signals strong confidence in long-term copper demand driven by electrification and technology infrastructure, positioning the company to benefit from critical mineral growth.
The company offers a high dividend yield of 5.12%, providing investors with a substantial income stream that is attractive for yield-focused portfolios, especially given the company's status as a diversified mining and metals major.
With a current stock price of $83.02, Rio Tinto Group trades at a significant discount to the average analyst price target of $101.62, suggesting potential for substantial upside if the stock re-rates toward consensus expectations.
The company is executing a US$3.9 billion expansion in Argentina to focus on lithium brines, diversifying its revenue streams into battery materials and capturing value from the growing electric vehicle and energy storage markets.
Rio Tinto Group maintains a conservative balance sheet with a debt-to-equity ratio of 0.29, which provides financial stability and flexibility to pursue strategic acquisitions and capital projects without excessive leverage risk.

Rio Tinto
Bear Case

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

The stock is trading below its 50-day simple moving average of $94.47 and 200-day simple moving average of $96.22, indicating that the current price of $83.02 is in a technical downtrend and may face further downward pressure.
Rio Tinto Group recently paused underground operations at its Oyu Tolgoi copper mine in Mongolia due to seismic activity, introducing operational risk and potential delays in production that could impact near-term earnings and output targets.
The company's most recent earnings report showed an actual EPS of $2.107, which significantly missed the consensus estimate of $4.09, raising concerns about the company's ability to meet profitability expectations in the current market environment.
Wall Street analysts have assigned a consensus rating of "Hold" to the stock, with thirteen analysts issuing Hold ratings compared to only five Buy or Strong Buy ratings, reflecting a lack of strong institutional conviction in the stock's near-term performance.
Short interest in Rio Tinto Group remains elevated with 9,236,257 shares shorted, and a days-to-cover ratio of 4.6 suggests that a significant portion of the float is being sold by investors who expect the price to decline, creating potential selling pressure.

RIO Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Rio Tinto is $101.63, with a high forecast of $120.00 and a low forecast of $89.50.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto in the last twelve months. There is currently 1 sell rating, 13 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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.

According to analysts, Rio Tinto's stock has a predicted upside of 19.47% based on their 12-month stock forecasts.

Over the previous 90 days, Rio Tinto's stock had 3 upgrades and 1 downgrade by analysts.

Rio Tinto has been rated by research analysts at Argus, Berenberg Bank, Citigroup, DZ Bank, Erste Group Bank, Jefferies Financial Group, Morgan Stanley, Royal Bank Of Canada, Sanford C. Bernstein, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Rio Tinto less than other "materials" companies. The consensus rating for Rio Tinto is Hold while the average consensus rating for "materials" companies is Moderate Buy. Learn more on how RIO compares to other companies.

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Brokerages With Rio Tinto Recommendations

MarketBeat monitors more than a dozen sources for Rio Tinto analyst ratings, with the most recent rating issued on 10/28/2026.

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Rio Tinto (RIO) Stock Forecast & Price Target