Rio Tinto PLC (RIO)

NYSE: RIO · IEX Real-Time Price · USD
62.72
+1.91 (3.14%)
At close: Jun 24, 2022 4:00 PM
63.00
+0.28 (0.45%)
After-hours: Jun 24, 2022 7:59 PM EDT
3.14%
Market Cap 101.64B
Revenue (ttm) 63.50B
Net Income (ttm) 21.09B
Shares Out 1.62B
EPS (ttm) 12.95
PE Ratio 4.84
Forward PE 5.47
Dividend $10.40 (16.58%)
Ex-Dividend Date Mar 10, 2022
Volume 3,210,188
Open 61.14
Previous Close 60.81
Day's Range 60.72 - 62.73
52-Week Range 59.58 - 89.51
Beta 0.59
Analysts Buy
Price Target 80.47 (+28.3%)
Earnings Date Feb 23, 2022

About RIO

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom. [Read more...]

Industry Metals & Mining
Founded 1873
CEO Jean-Sebastien Jacques
Employees 49,000
Stock Exchange NYSE
Ticker Symbol RIO
Full Company Profile

Financial Performance

In 2021, Rio Tinto's revenue was $63.50 billion, an increase of 42.33% compared to the previous year's $44.61 billion. Earnings were $21.09 billion, an increase of 115.93%.

Financial Statements

Analyst Forecast

According to 32 analysts, the average rating for RIO stock is "Buy." The 12-month stock price forecast is 80.47, which is an increase of 28.30% from the latest price.

Price Target
$80.47
(28.30% upside)
Analyst Consensus: Buy
Stock Forecasts

News

U.S. court upholds Arizona land swap deal for Rio Tinto copper mine

A U.S. appeals court has ruled that the federal government may transfer thousands of acres in Arizona to Rio Tinto Plc for a copper mine in a land swap deal, upholding a lower court's ruling and rejecti...

Rio Tinto (RIO) Officially Opens Its High-Tech Gudai Darri Mine

Rio Tinto (RIO) opens its most technically advanced Gudai Darri mine in the Pilbara region. With a mine life of more than 40 years, it will boost the output of its flagship product Pilbara Blend.

Rio Tinto Opens Gudai-Darri, its Most Technologically Advanced Mine

PERTH, Australia--(BUSINESS WIRE)--Pilbara Traditional Owners, the Banjima People, and Western Australia's Minister for Mines and Petroleum; Energy, Hon. Bill Johnston MLA, today joined Rio Tinto employ...

Rio Tinto delivers first ore at Gudai-Darri iron ore mine in the Pilbara

(Kitco News) - Rio Tinto announced Tuesday it has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its first greenfield mine in the Pilbara, Western Australia, in more...

Rio Tinto: First ore delivered at Gudai-Darri iron ore mine in the Pilbara

PERTH, Australia--(BUSINESS WIRE)--Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its first greenfield mine in the Pilbara, Western Australia, in more ...

Rio Tinto makes a strategic investment in Nano One, a Canadian clean technology innovator in battery materials

(Kitco News) - According to a statement released today, Nano One® Materials (TSX: NANO) and Rio Tinto have agreed to enter into a strategic partnership providing iron and lithium products, collaboration...

Nano One and Rio Tinto To Host Event Discussing New Partnership

VANCOUVER, BC / ACCESSWIRE / June 9, 2022 / (TSX:NANO) (OTC:NNOMF) (Frankfurt:LBMB) Nano One® Materials Corp. ("Nano One" or the "Company"), is hosting a live steam event today with Rio Tinto and links ...

Rio Tinto calls for proposals for large-scale wind and solar power in Queensland

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has called for proposals to develop large-scale wind and solar power in Central and Southern Queensland to power its aluminium assets, help meet its clim...

Mongolia urges transparency as Rio Tinto seeks control of giant Oyu Tolgoi project

A top official at the giant Oyu Tolgoi copper-gold mining project in Mongolia has called for greater transparency and more power to the local management, as global miner Rio Tinto looks to buy out the t...

Will Rio Tinto Stock Continue Its Momentum?

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Rio Tinto female recruitment drives attract more than 3000 applicants

MELBOURNE, Australia--(BUSINESS WIRE)--More than 3000 women across Australia and New Zealand have applied for roles with Rio Tinto, following the launch of recruitment campaigns targeting women who had ...

Rio Tinto and Salzgitter sign MOU to study using Rio Tinto iron ore in green steelmaking

MELBOURNE--(BUSINESS WIRE)--Rio Tinto and the Salzgitter Group have signed a Memorandum of Understanding (MOU) to work together towards carbon-free steelmaking by studying optimisation of Rio Tinto's hi...

Should Value Investors Consider Rio Tinto (RIO) Stock Now?

Let's see if Rio Tinto (RIO) stock is a good choice for value-oriented investors right now from multiple angles.

Russia's Rusal launches legal action against Rio Tinto over alumina refinery-report

Russian aluminium producer Rusal has launched legal action against Rio Tinto seeking to restore access to its 20% share of the alumina produced at a jointly-owned refiner in Queensland, Australian media...

Emergent Closes Private Placement

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** VANCOUVER, BC / ACCESSWIRE / May 31, 2022 / Emergent Metals Corp. ("Emergent" or the "Company") (TS...

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BP to Supply Marine Biofuel to Decarbonize Shipping Industry

Under the trial, BP will supply marine biofuel to Rio Tinto for around 12 months.

Other symbols: BP

Rio Tinto and bp sign one-year trial of marine biofuels

LONDON--(BUSINESS WIRE)--Rio Tinto and bp have agreed to work together on a one-year biofuel trial to help reduce carbon emissions from Rio Tinto's marine fleet. Under the trial, bp is supplying Rio Tin...

Other symbols: BP

Rio Tinto agrees revisions to funding arrangements with Turquoise Hill Resources

LONDON--(BUSINESS WIRE)--Rio Tinto has agreed to amend the previously agreed funding plan with Turquoise Hill Resources (TRQ) (9 April, 2021) in order to provide liquidity of up to $400 million in short...

Other symbols: TRQ

GMG and Rio Tinto to Explore the Use and Development of GMG's Energy Saving Products and Graphene Aluminium-Ion Battery

Brisbane, Queensland, Australia--(Newsfile Corp. - May 18, 2022) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG and Rio Tinto Group ("Rio Tinto"...

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Rio Tinto starts production of critical mineral tellurium at Kennecott

(Kitco News) - Rio Tinto said today it has started producing tellurium at its Kennecott copper operation in Utah, becoming one of only two U.S. producers of the critical mineral used in advanced thin fi...

Rio Tinto starts tellurium production at Kennecott

SALT LAKE CITY--(BUSINESS WIRE)--Rio Tinto has started producing tellurium at its Kennecott copper operation in Utah, becoming one of only two U.S. producers of the critical mineral used in advanced thi...

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