Rio Tinto Group (RIO)
| Market Cap | 105.76B |
| Revenue (ttm) | 54.18B |
| Net Income (ttm) | 10.75B |
| Shares Out | 1.62B |
| EPS (ttm) | 6.58 |
| PE Ratio | 9.84 |
| Forward PE | 9.47 |
| Dividend | $4.35 (6.96%) |
| Ex-Dividend Date | Aug 16, 2024 |
| Volume | 1,206,041 |
| Open | 62.73 |
| Previous Close | 62.43 |
| Day's Range | 62.33 - 62.79 |
| 52-Week Range | 59.35 - 75.09 |
| Beta | 0.62 |
| Analysts | Buy |
| Price Target | n/a |
| Earnings Date | Jul 30, 2024 |
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
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...
Committee Stocks on the Move: Interactive Brokers, Abbott Labs and Rio Tinto
The Investment Committee discuss some of their stocks on the move.
Rio Tinto's Australian Iron Ore Output Rises, but Miner Cautions on Cost Inflation
The world's second-biggest miner by value said it produced slightly more iron ore from its Australian operations in the third quarter of 2024 but cautioned on inflation pressures.
Rio Tinto releases third quarter production results
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “We continue to strengthen our operations, with the roll-out of the Safe Production System delivering consistent ...
Why lithium is such a critical resource for batteries
Rio Tinto (RIO) recently announced its agreement to acquire Arcadian Lithium (ALTM) in a deal valued at $6.7 billion, positioning the company to become the world's third-largest lithium miner. CRU Gro...
Rio Tinto's Arcadium Acquisition An Intelligent Move
Rio Tinto's $6.7 billion acquisition of Arcadium Lithium positions it as a major player in the growing lithium market, despite current low prices. The company continues to perform well, with strong ea...
Rio Tinto's real prize: Arcadium's lithium extraction technology
Rio Tinto's $6.7 billion buyout of Arcadium will give it a suite of lithium filtration technologies that are poised to revolutionize how the metal is produced for the electronics and electric vehicle ...
Rio Tinto Group (RIO) CEO Jakob Stausholm Hosts Acquisition of Arcadium Lithium Conference (Transcript)
Rio Tinto Group (NYSE:RIO) Acquisition of Arcadium Lithium Conference October 9, 2024 4:30 AM ET Company Participants Jakob Stausholm - Chief Executive Paul Graves - CEO, Arcadium Lithium Conference ...
Rio Tinto's $6.7 billion lithium deal could usher consolidation in key industry for EVs
“Mega miner” Rio Tinto is shaking up the industry at a time lithium prices have dropped more than 60%.
Rio Tinto's Acquisition of Arcadium Lithium (ALTM) Boosts Lithium Stocks
Arcadium Lithium (ALTM, Financial) shares soared 30.54% today, reaching a price of $5.54, following Rio Tinto's announcement of its plan to acquire the company for $6.7 billion. This strategic move po...
RIO to Buy ALTM, BA Strike Talks Break Down, HD & LOW Upgrades
Rio Tinto (RIO) has agreed to buy Arcadium Lithium (ALTM) that could thrust the metal-producer into the industry's driver seat. Home Depot (HD) and Lowe's (LOW) get an upgrade from Loop Capital, while...
Arcadium Lithium Stock Soars as Rio Tinto Announces $6.7B Acquisition
Shares of Arcadium Lithium (ALTM) are soaring in premarket trading Wednesday, after Rio Tinto (RIO) announced plans to acquire the lithium miner for $5.85 per share in an all-cash deal.
Rio Tinto to Acquire Arcadium Lithium for $6.7 Billion
Lithium has become a priority target for Rio Tinto as it seeks to produce more commodities that are growing in popularity as the world decarbonizes.
Rio Tinto Agrees $6.7 Billion Arcadium Deal. Why It's Buying the Dip in Lithium.
Lithium is a key component in electric-vehicle batteries and Rio is diversifying away from its core products to prepare for the energy transition.