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 , The Goldman Sachs Group , Weiss Ratings , and Zacks Research in the past 90 days.

$103.21 +0.37 (+0.36%)

As of 09/4/2026 03:58 PM 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

$101.63
-1.54% Downside

According to the 16 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 $83.50. The average price target represents a forecasted downside of -1.54% from the current price of $103.21.

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 9/5/25 to 9/5/26	1 Month Ago 8/6/25 to 8/6/26	3 Months Ago 6/7/25 to 6/7/26	1 Year Ago 9/5/24 to 9/5/25
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	4 Buy rating(s)	6 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	$101.63	$105.50	$101.75	$73.00
Forecasted Upside	-1.54% Downside	5.80% Upside	1.16% Upside	14.20% 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	-1.53% Downside	130.15% Upside	13.93% Upside
News Sentiment Rating	Neutral 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
9/2/2026	Zacks Research 5 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 3 of 5 stars	Alain Gabriel Not Rated	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
5/29/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ 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.
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
4/27/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bob Brackett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$82.00 ➝ $83.50	-16.21%
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 Saturday at 01:02 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 Friday, September 4, 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 shares are currently trading at $103.21, a level that sits above the stock's 50-day moving average of $96.69 and 200-day moving average of $97.86, indicating that the stock has recently crossed above its long-term trend line and is showing signs of upward momentum.
The company offers a dividend yield of 4.07%, which provides a steady stream of income for investors, and a recent dividend of $2.11 per share is scheduled to be paid on September 24th, making it an attractive option for those seeking regular cash flow.
Rio Tinto Group has a low beta of 0.60, meaning its stock price tends to be less volatile than the overall market, which can help reduce portfolio risk and provide more stable returns during periods of market uncertainty.
The company has a strong balance sheet with a debt-to-equity ratio of 0.29, a current ratio of 1.42, and a quick ratio of 0.93, indicating that it has sufficient liquidity to cover its short-term obligations and is not overly leveraged.
Rio Tinto Group is a global leader in the mining and metals industry, with a diverse portfolio of commodities including iron ore, aluminum, copper, and diamonds, which provides exposure to multiple growth sectors and reduces reliance on any single product.

Rio Tinto
Bear Case

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

The company's most recent earnings report showed an actual EPS of $2.107, which fell significantly short of the consensus estimate of $4.09, and revenue of $15.514 billion was also below the expected $31.625 billion, indicating potential challenges in meeting market expectations.
Several analysts have recently downgraded or maintained cautious ratings on the stock, including Morgan Stanley issuing an "underweight" rating with a $90.00 price target and Erste Group Bank cutting its rating from "buy" to "hold," reflecting concerns about the company's near-term outlook.
The stock's average analyst price target is $101.62, which is slightly below the current trading price of $103.21, suggesting that the stock may be overvalued relative to what analysts believe it is worth.
Rio Tinto Group operates in a capital-intensive industry with exposure to commodity price volatility, which can lead to significant fluctuations in earnings and cash flow, making it a riskier investment for those seeking stable returns.
The company faces increasing regulatory and environmental scrutiny, which could lead to higher compliance costs and potential restrictions on its operations, impacting its long-term growth prospects and profitability.

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 $101.63, with a high forecast of $120.00 and a low forecast of $83.50.

16 Wall Street 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 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 downside of -1.54% 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, 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 9/2/2026.

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Rio Tinto (RIO) Stock Forecast & Price Target