Rio Tinto Group (RIO)
| Market Cap | 110.02B |
| Revenue (ttm) | 55.55B |
| Net Income (ttm) | 12.42B |
| Shares Out | 1.62B |
| EPS (ttm) | 7.62 |
| PE Ratio | 8.77 |
| Forward PE | 10.63 |
| Dividend | $4.92 (7.25%) |
| Ex-Dividend Date | Mar 9, 2023 |
| Volume | 739,792 |
| Open | 68.07 |
| Previous Close | 66.83 |
| Day's Range | 67.66 - 68.21 |
| 52-Week Range | 50.92 - 83.21 |
| Beta | 0.72 |
| Analysts | Buy |
| Price Target | 75.64 (+11.49%) |
| Earnings Date | Feb 22, 2023 |
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]
Financial Performance
In 2022, Rio Tinto's revenue was $55.55 billion, a decrease of -12.51% compared to the previous year's $63.50 billion. Earnings were $12.42 billion, a decrease of -41.12%.
Financial StatementsAnalyst Forecast
According to 31 analysts, the average rating for RIO stock is "Buy." The 12-month stock price forecast is $75.64, which is an increase of 11.49% from the latest price.
News
3 Dividend Stocks Sitting in the Sweet Spot
Investing in dividend stocks is a preferred method for those looking to enjoy a passive income stream in retirement. Of course, there's plenty of market uncertainty right now that could dissuade inves...
Rio Tinto data vendor GoAnywhere's possible breach spotted in Jan-end
U.S. cybersecurity firm Fortra said suspicious activity was identified within its GoAnywhere software nearly two months ago, a day after Rio Tinto in a staff memo said personal data of some of its Aus...
Rio Tinto staff's personal data may have been hacked - AFR
Personal data of Rio Tinto Ltd's former and current Australian employees may have been stolen by a cybercriminal group, local media outlet Australian Financial Review (AFR) reported on Thursday, citin...
Rio Tinto becomes first major mining company to publish site-by-site water usage data
LONDON--(BUSINESS WIRE)--Rio Tinto is marking World Water Day 2023 by making public detailed information about annual surface water usage across its global network of managed sites in 35 countries, th...
7 High-Yield Dividend Stocks to Compete Against Rising Yields
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Best Income Stocks to Buy for March 21st
RIO, SMFG and DTEGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2023.
Are Investors Undervaluing Rio Tinto (RIO) Right Now?
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Rio Tinto publishes independent report on cultural heritage management performance
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto today published an independent report based on a global audit of its Cultural Heritage Management compliance and performance – one of a number of steps...
3 Stocks to Buy With a Dividend Yield of Over 5%
Equities have been going through a phase of uncertainty with a looming recession and aggressive contractionary monetary policies. The failure of Silicon Valley Bank has further dented equity market se...
Rio Tinto Board changes
LONDON--(BUSINESS WIRE)--Rio Tinto has appointed Dean Dalla Valle and Susan Lloyd-Hurwitz as non-executive directors. Mr Dalla Valle and Ms Lloyd-Hurwitz, both Australian citizens, will join the Board...
Rio Tinto (RIO) Begins Underground Production at Oyu Tolgoi
Rio Tinto (RIO) begins underground production at its Oyu Tolgoi copper mine. The mine has the potential to become the fourth-largest copper mine in the world by 2030.
Rio Tinto Starts Digging Copper From Oyu Tolgoi Mine
Rio Tinto Group Chief Executive Officer Jakob Stausholm says its Oyu Togoi project in Mongolia is well-positioned to feed growing copper demand from electric vehicles and renewable energy. Rio began d...
Rio Tinto begins underground copper production at Oyu Tolgoi
(Kitco News) - On Monday, global mining group Rio Tinto announced the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert, Mongolia.
7 Compelling Investment Opportunities for Beginning Investors in Their 30s
Although financial advisors often urge the public to start saving for retirement as soon as possible, the realities of life mean that several people in their 30s must consider certain investment oppor...
Rio Tinto shares hit by China growth forecast: buy the dip?
Rio Tinto (LON: RIO) share price pulled back sharply on Monday as the market reacted to China's growth prospects. It retreated to a low of 5,920p, which was significantly lower than the year-to-date h...
Rio Tinto agrees to $15 million penalty to resolve SEC probe linked to Simandou project
Rio Tinto PLC RIO, -3.29% said it agreed to pay a $15 million civil penalty to resolve an investigation by the U.S. Securities and Exchange Commission into payments made to a former consultant who hel...
Rio Tinto Finance (USA) plc prices US$1.75 billion of fixed rate notes
LONDON--(BUSINESS WIRE)--Rio Tinto has priced US$650 million of 10-year fixed rate SEC-registered debt securities and US$1.1 billion of 30-year fixed rate SEC-registered debt securities. The bonds wil...
The 7 Best Dividend Stocks to Buy in March 2023
Investors should hold dividend stocks in their portfolios. In fact, in times of volatility, these are some of the safest stocks to own for healthy cash inflows, meaningful capital gains, and attractiv...
Rio Tinto resolves legacy U.S. Securities and Exchange Commission FCPA investigation
LONDON--(BUSINESS WIRE)--Rio Tinto has today resolved a previously self-disclosed investigation by the U.S. Securities and Exchange Commission (SEC) into certain contractual payments made to a former ...
After Tough 2022 Results, What's Next For Rio Stock?
Rio's adjusted earnings also declined by about 38% year-over-year to $13.3 billion partly due to higher energy prices.
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Should Value Investors Buy Rio Tinto (RIO) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...
Rio Tinto seeking applicants for award-winning Graduate Program
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto has commenced a recruitment campaign for University graduates from Australia and New Zealand, as it seeks to attract the best and brightest minds across a ...