Rio Tinto Group (RIO)
| Market Cap | 109.69B |
| Revenue (ttm) | 53.66B |
| Net Income (ttm) | 11.55B |
| Shares Out | 1.62B |
| EPS (ttm) | 7.07 |
| PE Ratio | 9.49 |
| Forward PE | 9.88 |
| Dividend | $4.34 (6.83%) |
| Ex-Dividend Date | Aug 16, 2024 |
| Volume | 2,088,461 |
| Open | 64.49 |
| Previous Close | 64.29 |
| Day's Range | 63.27 - 64.49 |
| 52-Week Range | 57.85 - 74.24 |
| Beta | 0.60 |
| Analysts | Buy |
| Price Target | 73.00 (+14.91%) |
| 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 2024, Rio Tinto Group's revenue was $53.66 billion, a decrease of -0.71% compared to the previous year's $54.04 billion. Earnings were $11.55 billion, an increase of 14.85%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for RIO stock is "Buy." The 12-month stock price forecast is $73.0, which is an increase of 14.91% from the latest price.
News
Rio Tinto Board changes
LONDON--(BUSINESS WIRE)--Rio Tinto today announces a number of Board changes. Rio Tinto Chair Dominic Barton said: “As we reported last year, the size of the Board peaked at 14 Directors as we retaine...
Rio Tinto: Strong operating performance underpins financial results
LONDON--(BUSINESS WIRE)--Rio Tinto (LSE:RIO) (ASX:RIO): Resilient financials with underlying EBITDA of $23.3 billion, despite 11% lower iron ore price*. Higher net cash generated from operating activi...
Buy And Hold These Ten Cheap Lithium Juniors Ready For A Potential Lithium Recovery From 2026 Onwards
The lithium market has been in a severe bear market. Delays in major projects like Zijin Mining's 3Q Project could roughly balance the market from 2026 to 2028. Booming EV and BESS sales, if they cont...
Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project
Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated , Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its lo...
Rio Tinto notes Mitsui has agreed to join Rhodes Ridge Joint Venture
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto notes that Mitsui & Co. has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture (RRJV) from Rio Tinto's partners. Mitsui & Co. h...
Rio Tinto Vs. Vale: Both Mining Stocks Show Bullish Technical Signals Ahead Of Q4 Earnings
Two of the world's largest miners, Rio Tinto PLC RIO and Vale SA VALE, are set to report their fourth-quarter earnings on Wednesday.
Arcadium Lithium Receives All Required Regulatory Approvals Globally to Close Acquisition by Rio Tinto and Announces Court Hearing Date
PHILADELPHIA and PERTH, Australia , Feb. 13, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, has now received all req...
Rio Tinto donates A$750,000 to Queensland flood relief and recovery efforts
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has donated A$750,000 to support disaster relief efforts for those impacted by the widespread floods in North Queensland. The funds will support the wo...
Rio Tinto US Borax donates $600,000 to support communities impacted by Los Angeles Wildfires
LOS ANGELES--(BUSINESS WIRE)--Rio Tinto's U.S. Borax has donated $600,000 to three organisations to support relief efforts for communities directly impacted by the recent wildfires in Los Angeles regi...
Rio Tinto Eyes EV Future
The shares of diversified mining giant Rio Tinto (NYSE: RIO) has gained 5% year to date, outperforming the S&P500 index which has grown 3% during the same period. Rio Tinto is making a significant pus...
Rio Tinto clears Western Australia ports due to cyclones
Rio Tinto , has begun clearing ships from two Western Australian ports due to high seas as a result of tropical cyclones Tahliah and Vince, it said on Tuesday.
Rio Tinto and Hydro partner on carbon capture technologies for aluminium smelters
LONDON & OSLO, Norway--(BUSINESS WIRE)--Rio Tinto and Hydro will join forces to identify and evaluate available carbon capture technologies for future implementation in the aluminium electrolysis proc...
Rio Tinto: Set For A Better 2025 And Attractive Yields Despite Iron Ore Challenges
Rio Tinto is diversifying beyond iron ore, investing heavily in lithium production, positioning itself as a major player in the battery metals sector. The correlation between Rio Tinto's stock and iro...
Rio Tinto cannot comment on rumors of merger talks, says CEO
Jakob Stausholm, the CEO of Rio Tinto, discusses the outlook for the global mining industry at the World Economic Forum in Davos.
Top 4 catalysts for the Rio Tinto share price in 2025
Rio Tinto share price has remained in a consolidation phase in the past few weeks as investors assess the prices of key commodities. The stock was trading at 5,000p in London, a few points below last ...
Why Glencore-Rio Tinto merger buzz could signal a new phase of mining sector consolidation
The mining industry is on edge after reports surfaced of potential merger discussions between Rio Tinto and Glencore, two of the sector's most prominent players. Bloomberg News reported that the compa...
Rio Tinto welcomes Australian Government support for low-carbon aluminium
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto welcomes the Australian Government's announcement of an aluminium production credit to help sustain and grow aluminium smelting in Australia, and signi...
Rio Tinto to form new lithium unit after Arcadium buy, memo says
Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters...
Rio Tinto And Glencore Test Investor Support For A Merger
A deal aimed at capturing a bigger slice of the metals market, the proposed $160 billion merger of Rio Tinto and Glencore, appears doomed to fail, just as last year's $50 billion attempt by BHP to acq...
Glencore and Rio Tinto's mining operations
Glencore approached Rio Tinto , late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said.
Massive mining sector shakeup: Bloomberg reports Rio Tinto and Glencore in preliminary deal talks
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...
Rio Tinto, Glencore are said to discuss potential merger, Bloomberg News reports
Rio Tinto and Glencore Plc GLEN.L have been discussing combining their businesses, Bloomberg News reported on Thursday, citing people familiar with the matter.
Rio Tinto releases fourth quarter production results
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “Our operating performance in 2024 was good, consistent with our ongoing commitment to strengthen the business as...
UNBC appoints two Research Chairs in partnership with Rio Tinto
PRINCE GEORGE, British Columbia--(BUSINESS WIRE)--The University of Northern British Columbia and Rio Tinto have expanded a partnership to advance vital research into the impacts of climate change on ...
My Top 10 High Dividend Yield Stocks For January 2025, One Yields Over 8%
Including high dividend yield companies that pay sustainable dividends in your dividend portfolio can bring a number of benefits. In this article, I will introduce you to 10 high dividend yield compan...