Rio Tinto Group (RIO)
| Market Cap | 113.11B |
| Revenue (ttm) | 54.04B |
| Net Income (ttm) | 10.06B |
| Shares Out | 1.70B |
| EPS (ttm) | 6.17 |
| PE Ratio | 10.91 |
| Forward PE | 8.68 |
| Dividend | $4.34 (6.50%) |
| Ex-Dividend Date | Mar 7, 2024 |
| Volume | 1,436,809 |
| Open | 65.87 |
| Previous Close | 67.20 |
| Day's Range | 65.66 - 66.80 |
| 52-Week Range | 58.27 - 75.09 |
| Beta | 0.65 |
| Analysts | Buy |
| Price Target | n/a |
| Earnings Date | Feb 21, 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'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
Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project
MONTREAL, April 23, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), is pleased to announce the execution of an amended option agreement on April 22, 2024 (the “Option Agreem...
Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile
Miners Rio Tinto and Eramet as well as battery maker LG Energy were among 30 companies that submitted proposals to develop lithium extraction technology for a Chilean salt flat in early stages of expl...
Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland
LONDON--(BUSINESS WIRE)--Rio Tinto has donated US$1.5 million to the Icelandic Red Cross to support the people and community of Grindavík in Iceland, who have been impacted by months of volcanic erupt...
Rio Tinto Keeps Guidance Despite Lower Iron-Ore Shipments
Rio Tinto maintained its 2024 guidance after the mining giant reported a 10% fall in first-quarter iron-ore shipments.
Rio Tinto releases first quarter production results
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “We have been deeply affected by the loss of four Diavik colleagues and two airline crew members in a plane crash...
Aluminum, nickel prices surge after fresh sanctions on Russian metals
Prices for aluminum and nickel soared in London on Monday, and Alcoa shares jumped, following the ban on fresh trading of Russian-origin metals by U.S. and U.K. authorities over the weekend.
Global mining investment too low to support energy transition, Rio Tinto chairman says
Low rates of investment in the global mining sector have put the global energy transition at risk, widening the supply gap in critical minerals like copper, Rio Tinto chairman Dominic Barton said on M...
Here's why the Anglo American, Rio Tinto shares are soaring
Rio Tinto (LON: RIO) and Anglo American (LON: AAL) share prices continued doing well this week. Anglo American jumped to 2,220p on Friday, its highest point since December while Rio Tinto soared to 5,...
Rio Tinto spends more than A$16.1 billion with suppliers in Australia
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion in 2023, as part of the company's ongoing commitment t...
Rio Tinto celebrates WA businesses as regional and indigenous supplier spend grows
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto continues to increase its contribution in Western Australia to support local jobs and economies, with the company boosting spending with local businesses n...
Big Oil Looking Away From UK and Toward US for Listing
The London Stock Exchange is at risk of losing Shell Plc's listing to New York. If the company leaves, it would likely put pressure on fellow oil giant BP Plc and commodity trading firm Glencore Plc t...
Rio Tinto to invest in the world's best technology startups
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto is teaming up with a leading global venture studio and start-up investor to back the development and commercialisation of breakthrough technologies in the ...
Top two U.S. copper stocks to buy as Rio Tinto promotes copper chief
Rio Tinto Ltd (LON: RIO) is in the green at writing after naming Bold Baatar its new chief commercial officer. Rio Tinto is committed to expanding in copper Baatar has been with the mining giant since...
Yinhawangka People and Rio Tinto partner to co-design ‘Living Cultures Program'
PERTH, Australia--(BUSINESS WIRE)--The Yinhawangka Aboriginal Corporation and Rio Tinto have collaborated to design a new program aimed at protecting and preserving Yinhawangka culture and supporting ...
Rio Tinto appoints Bold Baatar as Chief Commercial Officer
LONDON--(BUSINESS WIRE)--Rio Tinto has appointed Bold Baatar to the role of Chief Commercial Officer, to lead the Group's commercial and business development activities globally. Bold will succeed Alf...
Rio Tinto to manage the Ranger Rehabilitation Project for ERA
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto will manage the Ranger Rehabilitation Project in Australia's Northern Territory on behalf of Energy Resources of Australia Ltd (ERA), under a new Manag...
Rio Tinto releases details of $8.5 billion of taxes and royalties paid in 2023
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has published its 2023 Taxes and Royalties Paid Report, which details $8.5 billion of taxes and royalties paid globally during the year. This compares ...
Rio Tinto commits $10 million to boost Tom Price sports and recreation
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto will contribute $10 million to the Shire of Ashburton to help fund the Minna Oval Development Project in Tom Price. The project includes the development of...
Is Rio Tinto Stock Attractive At $62
The shares of diversified mining giant Rio Tinto (NYSE: RIO) have declined almost 16% since early 2023, underperforming the broader markets. The company recently posted weaker-than-expected earnings f...
Rio Tinto share price is at risk as iron ore, copper woes mount
Rio Tinto (LON: RIO) share price has come under pressure in the past few months as most of its key metals have struggled. The stock, one of the most important ones in the FTSE 100, has dropped to 4,91...
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Profit Collapse Looms For BHP, Rio Tinto And Fortescue
The crash in prices for nickel and lithium, two key battery metals, could be a precursor to something more significant, a collapse in the price of iron ore which underpins the profits of some of the w...
Rio Tinto IOC and Government of Canada partner to decarbonize iron ore processing in Labrador West
WABUSH, Canada--(BUSINESS WIRE)--The Government of Canada awarded C$18.1 million from its Low Carbon Economy Fund to Rio Tinto's Iron Ore Company of Canada (IOC) to support the decarbonization of iron...
Rio Tinto CEO on Profits, Mining Closures, Lithium
Rio Tinto Group's underlying profit fell 12% last year on weaker commodities prices and rising costs, but the company still managed to pay a higher dividend. Chief Executive Officer Jakob Stausholm di...
Rio Tinto Annual Net Profit Falls 19%, Pares Dividend
Rio Tinto reported a 19% decline in annual net profit and cut its payout to shareholders following a drop in aluminum and copper prices.