Rio Tinto PLC (NYSE:RIO – Free Report) – Stock analysts at Erste Group Bank dropped their FY2026 EPS estimates for shares of Rio Tinto in a note issued to investors on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings per share of $8.45 for the year, down from their prior estimate of $8.61. The consensus estimate for Rio Tinto’s current full-year earnings is $8.48 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.37 EPS.
Several other research firms have also weighed in on RIO. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. Royal Bank Of Canada downgraded Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Rio Tinto in a research report on Wednesday, May 20th. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto in a report on Thursday, July 9th. Finally, Argus set a $120.00 price objective on shares of Rio Tinto in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $101.75.
Rio Tinto Price Performance
Rio Tinto stock opened at $90.54 on Monday. Rio Tinto has a one year low of $58.40 and a one year high of $112.58. The company’s fifty day moving average price is $99.44 and its two-hundred day moving average price is $95.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98.
Hedge Funds Weigh In On Rio Tinto
A number of institutional investors and hedge funds have recently bought and sold shares of RIO. Walker Asset Management LLC raised its stake in Rio Tinto by 2.5% during the 2nd quarter. Walker Asset Management LLC now owns 4,866 shares of the mining company’s stock valued at $462,000 after purchasing an additional 120 shares during the last quarter. Shrier Wealth Management LLC grew its position in Rio Tinto by 2.0% in the 2nd quarter. Shrier Wealth Management LLC now owns 20,026 shares of the mining company’s stock worth $1,901,000 after purchasing an additional 401 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Rio Tinto by 2,861.8% during the 2nd quarter. Contravisory Investment Management Inc. now owns 3,258 shares of the mining company’s stock worth $309,000 after purchasing an additional 3,148 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of Rio Tinto by 12.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,636 shares of the mining company’s stock worth $345,000 after purchasing an additional 416 shares during the period. Finally, Trust Point Inc. increased its holdings in shares of Rio Tinto by 2.0% during the 2nd quarter. Trust Point Inc. now owns 5,989 shares of the mining company’s stock worth $569,000 after purchasing an additional 118 shares during the period. Institutional investors own 19.33% of the company’s stock.
Rio Tinto Company Profile
Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.
The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.
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