Erste Group Bank Forecasts Reduced Earnings for Rio Tinto

Posted by Stanley Muller on Sep 1st, 2026

Rio Tinto PLC (NYSE:RIO – Free Report) – Analysts at Erste Group Bank dropped their FY2026 EPS estimates for shares of Rio Tinto in a report released on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now expects that the mining company will post earnings per share of $8.30 for the year, down from their prior estimate of $8.36. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Rio Tinto’s current full-year earnings is $8.42 per share.

RIO has been the topic of several other research reports. Morgan Stanley assumed coverage on Rio Tinto in a research report on Monday, August 24th. They set an “underweight” rating and a $90.00 target price on the stock. DZ Bank upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a research report on Friday, May 15th. Zacks Research downgraded shares of Rio Tinto from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada cut shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Rio Tinto currently has an average rating of “Hold” and a consensus target price of $101.62.

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Rio Tinto Stock Down 0.8%

Shares of NYSE RIO opened at $102.48 on Tuesday. The business has a 50-day moving average of $96.23 and a two-hundred day moving average of $97.77. Rio Tinto has a 1 year low of $61.40 and a 1 year high of $112.58. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29.

Rio Tinto Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be issued a $2.11 dividend. This represents a dividend yield of 441.0%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Rio Tinto

Institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc grew its position in Rio Tinto by 160.2% during the 1st quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock worth $27,000 after purchasing an additional 181 shares during the last quarter. Timbuktu Capital Management LLC acquired a new stake in shares of Rio Tinto during the second quarter worth about $28,000. Evelyn Partners Investment Management LLP purchased a new position in shares of Rio Tinto during the fourth quarter worth about $34,000. V Square Quantitative Management LLC purchased a new position in shares of Rio Tinto during the first quarter worth about $35,000. Finally, Glen Eagle Advisors LLC increased its position in Rio Tinto by 32.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock valued at $36,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Company Profile

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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.