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 , JPMorgan Chase & Co. , Morgan Stanley , Royal Bank Of Canada , Sanford C. Bernstein , The Goldman Sachs Group , UBS Group , Weiss Ratings , and Zacks Research in the past 90 days.

$90.23 +0.02 (+0.02%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$91.00 +0.77 (+0.85%)

As of 10/16/2026 07:52 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
12.63% 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 12.63% from the current price of $90.23.

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 10/17/25 to 10/17/26	1 Month Ago 9/17/25 to 9/17/26	3 Months Ago 7/19/25 to 7/19/26	1 Year Ago 10/17/24 to 10/17/25
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)	4 Buy rating(s)	3 Buy rating(s)
Hold	13 Hold rating(s)	12 Hold rating(s)	9 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$101.63	$101.63	$103.50	$73.00
Forecasted Upside	12.63% Upside	3.66% Upside	14.78% Upside	7.16% 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	2.57	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	12.63% Upside	164.44% Upside	18.02% Upside
News Sentiment Rating	Positive News See Recent RIO News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
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 2 of 5 stars	Richard Hatch Not Rated	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
8/20/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong-Buy
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.
7/30/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Buy (B-) ➝ Buy (B)
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 Saturday at 12:10 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 Friday, October 16, 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 is currently trading at $90.23, which is significantly below the consensus price target of $103.125 set by analysts as of September 30, 2026. This valuation gap suggests that the stock may be undervalued relative to its expected future performance, offering potential upside for investors who believe the market is underpricing the company's operational improvements.
The company reported strong operational performance in the third quarter of 2026, with global iron ore sales rising 3% year-to-date and third-quarter sales increasing 2% year over year. This growth in the core iron ore business supports near-term revenue and cash-flow expectations, providing a stable foundation for earnings.
Rio Tinto Group's copper operations are showing significant momentum, with Oyu Tolgoi copper production rising 29% year-to-date and reaching an annualized production rate of approximately 450,000 tonnes during the third quarter. This strengthens the company's exposure to long-term copper demand, which is critical for renewable energy and electrification sectors.
The Simandou iron ore project in Guinea has reached an annualized production run rate of roughly 10 million tonnes in the third quarter. As this major project continues to ramp up, it provides a substantial source of future volume growth, positioning Rio Tinto Group to capture additional market share in the iron ore sector.
Rio Tinto Group offers a high dividend yield of 4.49%, which is attractive for income-focused investors. The company recently paid a dividend of $2.11 per share on September 24, 2026, demonstrating a commitment to returning capital to shareholders while maintaining operational strength.

Rio Tinto
Bear Case

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

The company is facing uncertainty regarding the Kangwinan bauxite expansion in Cape York, with a decision pending amid broader uncertainty surrounding the Aurukun development. This could potentially delay growth investments or add execution risk, impacting the company's ability to expand its aluminum segment in the near term.
Rio Tinto Group's most recent earnings report on July 29, 2026, showed an actual EPS of $2.107, which significantly missed the consensus estimate of $4.09. This substantial miss in earnings per share, a metric that measures the portion of a company's profit allocated to each share of stock, raises concerns about the company's profitability and cost management.
The stock's fifty-day moving average price is $98.90 and its two-hundred day moving average price is $98.58, both of which are higher than the current stock price of $90.23. This indicates that the stock is trading below its recent technical averages, suggesting a downward trend or bearish momentum in the short term.
Institutional investors have shown mixed sentiment, with Salem Investment Counselors Inc. reducing its position in Rio Tinto Group by 13.4% during the third quarter. While some funds have added to their stakes, the reduction by a significant institutional holder may signal caution among professional investors regarding the stock's near-term prospects.
The consensus rating for Rio Tinto Group is "Hold," with a target price of $103.125 as of September 30, 2026. While this target is above the current price, the "Hold" rating suggests that analysts believe the stock is fairly valued and may not offer significant upside potential in the immediate future, limiting the appeal for growth-oriented investors.

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto in the last year. 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 equities 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.

According to analysts, Rio Tinto's stock has a predicted upside of 12.63% based on their 12-month stock forecasts.

Over the previous 90 days, Rio Tinto's stock had 6 upgrades and 2 downgrades by analysts.

Rio Tinto has been rated by research analysts at Argus, Berenberg Bank, Citigroup, DZ Bank, Erste Group Bank, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Royal Bank Of Canada, Sanford C. Bernstein, The Goldman Sachs Group, UBS Group, 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 10/13/2026.

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Rio Tinto (RIO) Stock Forecast & Price Target