Rio Tinto PLC (NYSE:RIO – Free Report) – Analysts at Erste Group Bank increased their FY2026 EPS estimates for Rio Tinto in a note issued to investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings per share of $8.45 for the year, up from their prior estimate of $8.33. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Rio Tinto’s current full-year earnings is $8.41 per share.
A number of other research firms also recently commented on RIO. Weiss Ratings upgraded Rio Tinto from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a report on Thursday, July 9th. Sanford C. Bernstein upped their price target on Rio Tinto from $88.50 to $89.50 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Berenberg Bank set a $113.00 target price on shares of Rio Tinto in a report on Thursday, July 30th. Finally, Royal Bank Of Canada lowered shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.12.
Rio Tinto Stock Down 0.3%
Shares of RIO stock opened at $97.11 on Tuesday. The firm has a fifty day moving average of $98.44 and a two-hundred day moving average of $98.00. Rio Tinto has a 1-year low of $63.12 and a 1-year high of $112.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.42 and a quick ratio of 0.93.
Rio Tinto Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be given a dividend of $2.11 per share. The ex-dividend date is Friday, August 14th. This represents a dividend yield of 441.0%.
Institutional Trading of Rio Tinto
Several hedge funds have recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its stake in 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 valued at $1,572,009,000 after buying an additional 522,576 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Rio Tinto by 170.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock valued at $311,023,000 after purchasing an additional 2,451,140 shares in the last quarter. Bank of America Corp DE boosted its holdings in Rio Tinto by 6.6% during the first quarter. Bank of America Corp DE now owns 3,623,294 shares of the mining company’s stock worth $338,017,000 after buying an additional 225,016 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Rio Tinto by 144.7% during the 4th quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company’s stock valued at $127,039,000 after acquiring an additional 938,687 shares during the last quarter. Finally, Milford Funds Ltd. acquired a new position in shares of Rio Tinto in the fourth quarter worth about $93,143,000. Institutional investors own 19.33% of the company’s stock.
Rio Tinto Company Profile
Rio Tinto plc is a global mining and metals company with operations and projects spanning approximately 35 countries. Founded in 1873, the company operates through a dual-listed structure in the United Kingdom and Australia, with its American depositary receipts traded on the New York Stock Exchange under the symbol RIO.
The company explores, develops and produces a range of mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks and diamonds.
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