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 , Erste Group Bank , Morgan Stanley , Sanford C. Bernstein , The Goldman Sachs Group , Weiss Ratings , and Zacks Research in the past 90 days.

$94.43 -0.82 (-0.86%)

Closing price 09/24/2026 03:59 PM Eastern

Extended Trading

$93.91 -0.52 (-0.55%)

As of 08:14 AM Eastern

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

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
2

Hold
8

Buy
6

Based on 16 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 16 analysts, 2 have given a sell rating, 8 have given a hold rating, 4 have given a buy rating, and 2 have given a strong buy rating for RIO.

Consensus Price Target

$103.13
9.21% Upside

According to the 16 analysts' twelve-month price targets for Rio Tinto, the average price target is $103.13. 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 9.21% from the current price of $94.43.

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 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	8 Hold rating(s)	6 Hold rating(s)	9 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$103.13	$101.63	$101.75	$73.00
Forecasted Upside	9.21% Upside	-2.92% Downside	8.39% Upside	11.51% 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	2.38	2.57	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	9.21% Upside	139.05% Upside	19.68% Upside
News Sentiment Rating	Positive News See Recent RIO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/9/2026	Sanford C. Bernstein 3 of 5 stars	Bob Brackett Not Rated	Boost Target	Outperform	$88.50 ➝ $89.50	-13.83%
9/2/2026	Zacks Research 4 of 5 stars		Upgrade	Strong Sell ➝ Hold
8/27/2026	Erste Group Bank 5 of 5 stars		Downgrade	Buy ➝ Hold
8/24/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alain Gabriel Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Overweight ➝ Underweight	$90.00	-14.55%
8/20/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
7/30/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy (B-) ➝ Buy (B)
7/30/2026	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Hatch Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$113.00	+20.54%
7/29/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy
7/9/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral
6/3/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Sector Perform ➝ Underperform
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.
5/29/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
5/22/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Neutral
5/15/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold
3/9/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dominic O'Kane Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Neutral
2/24/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Amos Fletcher Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight
1/26/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/3/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris LaFemina Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
2/28/2025	Clarkson Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	R. Department Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy
10/16/2024	Macquarie Infrastructure Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:16 AM 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 Tuesday, September 22, 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 secured a significant strategic partnership with Prysmian to supply electrical cables made with ELYSIS low-carbon aluminum for an Amazon data center in Ohio, marking the first known use of inert-anode-smelted aluminum in a data center and positioning the company as a key supplier for the growing AI infrastructure market.
The company is expanding its resource base by agreeing to acquire the Aurukun Bauxite Project in Queensland from Glencore and Mitsubishi Development, a move that strengthens its aluminum supply position and provides long-term growth potential in the bauxite sector.
Rio Tinto Group offers a substantial income stream with a current dividend yield of 4.29%, supported by a recent dividend payment of $2.11 per share, which is attractive for investors seeking consistent cash flow from a diversified mining giant.
The stock is currently trading at $97.11, which is below the consensus price target of $103.12, suggesting potential upside for investors as analysts maintain a Hold consensus rating with several firms recently upgrading their outlooks.
Institutional interest is growing, with hedge funds like Tidal Investments LLC increasing their holdings by 17.9% and Cidel Asset Management Inc. boosting their position by 101.1% in the second quarter, indicating confidence in the company's long-term value.

Rio Tinto
Bear Case

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

Rio Tinto Group recently reported an actual EPS of $2.107, which significantly missed the consensus estimate of $4.09, and revenue of $15.514 billion fell short of the expected $31.625 billion, indicating potential operational or demand challenges in the recent period.
The company faces regulatory and social hurdles, as evidenced by the need to sign a project agreement with the Nyangumarta Warrarn Aboriginal Corporation for the Winu copper-gold mine, which highlights the complexities of securing social and regulatory foundations for new projects in Western Australia.
Analyst sentiment remains mixed, with Morgan Stanley issuing an underweight rating and a $90.00 price objective, and Royal Bank of Canada lowering its rating to underperform, suggesting that some institutional investors see limited near-term earnings momentum.
The stock has experienced volatility, crossing above its 200-day moving average of $98.00 recently after trading as high as $98.37, but the current price of $97.11 is below this technical level, indicating potential resistance and uncertainty in the short-term trend.
Rio Tinto Group is closing its diamond mine in the Nunavut region, which, while it continues to support local scholarships and cultural programs, represents a reduction in operational assets and may impact revenue diversification in the minerals segment.

RIO Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Rio Tinto is $103.13, with a high forecast of $120.00 and a low forecast of $89.50.

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto in the last year. There are currently 2 sell ratings, 8 hold ratings, 4 buy ratings and 2 strong buy ratings 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 9.21% based on their 12-month stock forecasts.

Over the previous 90 days, Rio Tinto's stock had 5 upgrades and 3 downgrades by analysts.

Rio Tinto has been rated by research analysts at Argus, Berenberg Bank, Citigroup, Erste Group Bank, Morgan Stanley, Sanford C. Bernstein, The Goldman Sachs 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 9/9/2026.

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Rio Tinto (RIO) Stock Forecast & Price Target