Rio Tinto Group (RIO)
| Market Cap | 100.55B |
| Revenue (ttm) | 54.18B |
| Net Income (ttm) | 10.75B |
| Shares Out | 1.62B |
| EPS (ttm) | 6.58 |
| PE Ratio | 9.35 |
| Forward PE | 8.88 |
| Dividend | $4.34 (7.40%) |
| Ex-Dividend Date | Aug 16, 2024 |
| Volume | 3,146,485 |
| Open | 58.37 |
| Previous Close | 58.73 |
| Day's Range | 58.34 - 59.19 |
| 52-Week Range | 58.34 - 75.09 |
| Beta | 0.62 |
| Analysts | Buy |
| Price Target | n/a |
| Earnings Date | Feb 19, 2025 |
About RIO
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting. The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities. The Minerals segment is involved in mining... [Read more]
Financial Performance
In 2023, Rio Tinto Group's revenue was $54.04 billion, a decrease of -2.72% compared to the previous year's $55.55 billion. Earnings were $10.06 billion, a decrease of -18.83%.
Financial StatementsNews
Activist Investor Widens Call for Review of Rio Tinto's Dual-Listing
Palliser Capital doubled down on its call for a review of Rio Tinto's dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.
Rio Tinto appoints new Chief People Officer
LONDON--(BUSINESS WIRE)--Rio Tinto has appointed Georgie Bezette as its new Chief People Officer, succeeding James Martin, who will retire at the end of this year. Georgie, who joined the organisation...
BlueScope, BHP and Rio Tinto select WA for Australia's largest ironmaking electric smelting furnace pilot plant study
PERTH, Australia--(BUSINESS WIRE)--Australia's two largest iron ore miners and its biggest steelmaker have selected the Kwinana Industrial Area, south of Perth, as the location to develop Australia's ...
Rio Tinto progresses the development of a gallium extraction process in Quebec
SAGUENAY, Canada--(BUSINESS WIRE)--As part of a research and development program, Rio Tinto is assessing the potential for extracting and valorising gallium, a critical and strategic mineral already p...
Rio Tinto to invest $2.5 billion to expand Rincon lithium project capacity to 60,000 tonnes per year
LONDON--(BUSINESS WIRE)--Rio Tinto has approved $2.5 billion1 to expand the Rincon project in Argentina, the company's first commercial scale lithium operation, demonstrating its commitment to buildin...
Rio Tinto renews support for prevention of gender-based violence across Canada
MONTREAL--(BUSINESS WIRE)--On National Day of Remembrance and Action on Violence Against Women and as part of the 16 Days of Activism against Gender-Based Violence, Rio Tinto is reinforcing its commit...
Rio Tinto Expects Pilbara Iron-Ore Shipments to Be Roughly Flat in 2025
The world's second-biggest miner by value, expects annual iron ore shipments from its Australian operations to be little changed in 2025.
Palliser Capital Calls for Rio Tinto to Unify Dual Listing
LONDON--(BUSINESS WIRE)--Palliser Capital (“Palliser”), an investor with a significant economic position in Rio Tinto Plc (LSE: RIO) and Rio Tinto Limited (ASX: RIO), collectively referred to as “Rio ...
Rio Tinto investing for a stronger, more diversified portfolio
LONDON--(BUSINESS WIRE)--Rio Tinto will today hold its 2024 Investor Seminar in London, where it will provide updates on its strategy of investing for a stronger, more diversified and growing portfoli...
Rio Tinto signs new partnership agreement to study low carbon aluminium project in Finland
LONDON--(BUSINESS WIRE)--Rio Tinto has entered into a partnership agreement with the Swedish investment company Vargas, Mitsubishi Corporation and other international and local industry partners to st...
Rio Tinto and Sumitomo Metal Mining to partner on Winu copper-gold project
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto and Sumitomo Metal Mining (SMM) have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project, located in the Great Sandy Desert...
What's Next For Rio Stock?
The shares of diversified mining giant Rio Tinto (NYSE: RIO) have declined almost 16% year to date, underperforming the broader markets. The company recently posted higher shipments of both iron ore a...
Rio Tinto-backed lithium tech startup set to raise second round of funds
A lithium technology startup backed by Rio Tinto , expects to finalise a funding round in the next week to raise A$29 million ($19 million), even as the global lithium market struggles, its Melbourne-...
Rio Tinto Says Sexual Harassment, Racism Still Happening at Miner
The miner is finding it difficult to stamp out sexual harassment, racism, and bullying as it faces resistance and backlash from some workers to its efforts to overhaul the culture.
Rio Tinto review finds rape, pressure for sex persists at miner
Mining major Rio Tinto said cases of rape and sexual assault at the company persist, a report into the company's culture showed on Wednesday, two years after the industry faced an Australian state inq...
Rio Tinto releases findings of external Progress Review on workplace culture
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto today published the findings of an independent, external Progress Review on its work to deliver sustained workplace cultural change across its global o...
Rio Tinto takes up full entitlements in ERA rights issue, moving to over 98% ownership
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto notes the announcement today by Energy Resources of Australia Ltd (ERA) in relation to the conclusion of its entitlement offer and shortfall bookbuild,...
Rio Tinto invests $16m in Makira Natural Park REDD+ Project in Madagascar
BAKU, Azerbaijan--(BUSINESS WIRE)--Rio Tinto has committed $16 million to the Makira Natural Park REDD+1 Project in northern Madagascar, through a new partnership with the Wildlife Conservation Societ...
Rio Tinto and GravitHy join forces to accelerate the decarbonisation of steelmaking in Europe
LONDON--(BUSINESS WIRE)--Rio Tinto has entered into definitive agreements with GravitHy, an early-stage industrial company, to help accelerate GravitHy's steel decarbonisation project in France. As pa...
Rio Tinto approves new solar plant to power Kennecott
SALT LAKE CITY, Utah--(BUSINESS WIRE)--Rio Tinto has approved construction of a new 25-megawatt solar plant at its Kennecott copper operation in Utah, bringing the mine's total solar capacity to 30MW....
My Top 10 High Dividend Yield Companies For November 2024: 2 Yield More Than 8%
I will highlight 10 high dividend yield companies which, I believe, are worth considering investing in for November 2024. Each company could increase your portfolio's ability to generate dividend inco...
Rio Tinto and China's State Power Investment Corporation partner to trial battery swap truck technology
ULAANBAATAR, Mongolia--(BUSINESS WIRE)--Rio Tinto will partner with China's State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi coppe...
Rio Tinto completes acquisition of Sumitomo's 20.64% stake in New Zealand's aluminium smelter
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto's previously announced acquisition of Sumitomo Chemical Company's (SCC's) 20.64% interest in New Zealand Aluminium Smelters (NZAS) was completed on 1 N...
Rio Tinto transitions to renewable diesel at Kennecott
SALT LAKE CITY, Utah--(BUSINESS WIRE)--Rio Tinto has completed the transition from conventional to renewable diesel for all heavy mining equipment at its Kennecott copper mine in Utah, giving the mine...
Top 5 Beaten Down Lithium Companies To Buy Now
Lithium prices have likely bottomed, with improvements expected in 2025/2026 and potential deficits in 2027-2029, signaling a potential market recovery. Top lithium stocks to buy now include Albemarle...