S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature

Rio Tinto Group (RIO) Stock Forecast & Price Target

$65.14
+0.61 (+0.95%)
(As of 03/1/2024 ET)

Rio Tinto Group Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 11 Analyst Ratings

Analysts' Consensus Price Target

$72.00
10.53% Upside
High Forecast$72.00
Average Forecast$72.00
Low Forecast$72.00
TypeCurrent Forecast
3/3/23 to 3/2/24
1 Month Ago
2/1/23 to 2/1/24
3 Months Ago
12/3/22 to 12/3/23
1 Year Ago
3/3/22 to 3/3/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
3 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$72.00$72.00$72.00N/A
Predicted Upside10.53% Upside10.97% Upside10.97% UpsideN/A
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RIO Analyst Ratings 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.
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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.
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Rio Tinto Group Stock vs. The Competition

TypeRio Tinto GroupBasic Materials CompaniesS&P 500
Consensus Rating Score
2.91
2.58
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside10.53% Upside481.24% Upside6.75% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/12/2024The Goldman Sachs Group
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 Initiated CoverageBuy
12/5/2023BNP Paribas
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 UpgradeNeutral ➝ Outperform
12/1/2023Liberum Capital
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 UpgradeHold ➝ Buy
10/24/2023Barclays
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 UpgradeEqual Weight ➝ Overweight
10/5/2023UBS Group
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 UpgradeSell ➝ Neutral
9/13/2023JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight
6/28/2023Argus
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 Lower Target$80.00 ➝ $72.00+10.97%
6/8/2023Citigroup
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 UpgradeNeutral ➝ Buy
6/5/2023Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy
5/26/2023Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight
5/5/2023Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform
3/13/2023CLSA
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 UpgradeUnderperform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:38 PM ET.












RIO Price Target - Frequently Asked Questions

What is Rio Tinto Group's consensus rating and price target?

According to the issued ratings of 11 analysts in the last year, the consensus rating for Rio Tinto Group stock is Moderate Buy based on the current 1 hold rating and 10 buy ratings for RIO. The average twelve-month price prediction for Rio Tinto Group is $72.00 with a high price target of $72.00 and a low price target of $72.00. Learn more on RIO's analyst rating history.

Do Wall Street analysts like Rio Tinto Group more than its competitors?

Analysts like Rio Tinto Group more than other Basic Materials companies. The consensus rating score for Rio Tinto Group is 2.91 while the average consensus rating score for basic materials companies is 2.58. Learn more on how RIO compares to other companies.

Is Rio Tinto Group being upgraded by Wall Street analysts?

Over the previous 90 days, Rio Tinto Group's stock had 1 upgrade by analysts.

Does Rio Tinto Group's stock price have much upside?

According to analysts, Rio Tinto Group's stock has a predicted upside of 10.97% based on their 12-month stock forecasts.

What analysts cover Rio Tinto Group?

Rio Tinto Group has been rated by BNP Paribas, and The Goldman Sachs Group in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:RIO) was last updated on 3/2/2024 by MarketBeat.com Staff