Rio Tinto PLC (NYSE:RIO – Free Report) – Research analysts at Erste Group Bank lifted their FY2026 earnings per share (EPS) estimates for Rio Tinto in a report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings per share of $8.36 for the year, up from their previous forecast of $8.34. The consensus estimate for Rio Tinto’s current full-year earnings is $8.37 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.40 EPS.
A number of other analysts have also issued reports on the stock. Morgan Stanley lowered shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 8th. DZ Bank upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Berenberg Bank set a $113.00 target price on shares of Rio Tinto in a report on Thursday, July 30th. The Goldman Sachs Group raised shares of Rio Tinto from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 29th. Finally, Citigroup restated a “neutral” rating on shares of Rio Tinto in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.50.
Rio Tinto Stock Performance
RIO stock opened at $101.06 on Wednesday. The business’s fifty day moving average price is $96.52 and its 200 day moving average price is $96.93. Rio Tinto has a 12-month low of $60.22 and a 12-month high of $112.58. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in RIO. Fisher Asset Management LLC lifted its position in shares of Rio Tinto by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 19,642,744 shares of the mining company’s stock worth $1,572,009,000 after purchasing an additional 522,576 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Rio Tinto by 170.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock valued at $311,023,000 after buying an additional 2,451,140 shares during the last quarter. Bank of America Corp DE increased its holdings in Rio Tinto by 6.6% in the first quarter. Bank of America Corp DE now owns 3,623,294 shares of the mining company’s stock valued at $338,017,000 after buying an additional 225,016 shares during the last quarter. Bank of Montreal Can raised its stake in Rio Tinto by 8.6% in the fourth quarter. Bank of Montreal Can now owns 2,221,469 shares of the mining company’s stock valued at $177,784,000 after buying an additional 175,833 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Rio Tinto by 102.6% during the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock worth $177,421,000 after buying an additional 1,122,667 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.
Rio Tinto Dividend Announcement
The company also recently announced a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, August 14th will be issued a $2.11 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 438.0%.
About Rio Tinto
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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