Rio Tinto Group (RIO)
| Market Cap | 104.31B |
| Revenue (ttm) | 54.18B |
| Net Income (ttm) | 10.75B |
| Shares Out | 1.62B |
| EPS (ttm) | 6.58 |
| PE Ratio | 9.70 |
| Forward PE | 9.25 |
| Dividend | $4.34 (7.10%) |
| Ex-Dividend Date | Aug 16, 2024 |
| Volume | 4,036,692 |
| Open | 60.94 |
| Previous Close | 59.79 |
| Day's Range | 60.68 - 61.79 |
| 52-Week Range | 57.85 - 74.24 |
| Beta | 0.62 |
| Analysts | Buy |
| Price Target | 73.00 (+19.48%) |
| 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 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 19.48% from the latest price.
News
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...
Fortune Minerals Provides an Update of NICO Project Test Work, Rio Tinto Process Collaboration & Feasibility Study
LONDON, Ontario--(BUSINESS WIRE)-- #Cobalt--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to provide an update of ongoing work on ...
Missing crew member from Rio Tinto Marine vessel
SINGAPORE--(BUSINESS WIRE)--It is with great sadness that Rio Tinto confirms that Mr Gel Aguaviva, a deck fitter on board its bulk carrier RTM Zheng He, was reported missing on 26 December 2024, while...
Rio Tinto: Growth Could Accelerate After Arcadium Deal
Arcadium Lithium is undervalued with a 13% upside to Rio Tinto's buyout price, expected to close mid 2025. Rio Tinto's acquisition of ALTM positions it as a major lithium player, with potential revenu...
Rio Tinto Charges Ahead Into Lithium Despite A Falling Market
Conflicting market signals continue to cloud the outlook for battery metals, especially lithium, with Rio Tinto, one of the world's biggest miners, pushing ahead with a $6.7 billion acquisition, just ...
Arcadium Lithium shareholders approve $6.7 bln Rio Tinto deal
Arcadium Lithium shareholders have voted in favor of a $6.7 billion sale to Australian mining giant Rio Tinto , the company said on Monday.
Arcadium Lithium Announces Shareholder Approval of Proposed Rio Tinto Transaction and Provides Regulatory Update
PHILADELPHIA and PERTH, Australia , Dec. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, today announced that it ...
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...