Skip to main content

Rio Tinto PLC (RIO)

NYSE: RIO · IEX Real-Time Price · USD
70.43 -0.66 (-0.93%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap114.03B
Revenue (ttm)44.61B
Net Income (ttm)9.77B
Shares Out1.62B
EPS (ttm)11.52
PE Ratio6.11
Forward PE6.14
Dividend$6.92 (9.83%)
Ex-Dividend DateAug 12, 2021
Volume2,912,633
Open70.73
Previous Close71.09
Day's Range70.12 - 70.96
52-Week Range51.17 - 91.78
Beta0.62
AnalystsBuy
Price Target81.94 (+16.3%)
Est. Earnings Daten/a

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 uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities. The company was founded in 1873 and is headquartered in London, the United Kingdom.

IndustryMetals & Mining
Founded1873
CEOJean-Sebastien Jacques
Employees47,500
Stock ExchangeNYSE
Ticker SymbolRIO
Full Company Profile

Financial Performance

In 2020, Rio Tinto's revenue was $44.61 billion, an increase of 3.35% compared to the previous year's $43.17 billion. Earnings were $9.77 billion, an increase of 21.96%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for Rio Tinto stock is "Buy." The 12-month stock price forecast is 81.94, which is an increase of 16.34% from the latest price.

Price Target
$81.94
(16.34% upside)
Analyst Consensus: Buy

News

Rio Tinto cuts 2021 iron ore shipments forecast on labour squeeze

Rio Tinto on Friday reduced its 2021 iron ore shipments forecast, as a tighter labour market in Western Australia delayed the completion of a new greenfield mine at Gudai-Darri.

2 days ago - Reuters

Rio Tinto releases third quarter production results

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm, said: “The third quarter has demonstrated the resilience of our people in dealing with ongoing COVID-19 challenges. It h...

2 days ago - Business Wire

Rio Tinto expands Pilbara presence with new Karratha Hub

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core Services, Richard Cohen, joined community members, local bus...

2 days ago - Business Wire

Rio Tinto targets low-carbon steel production with new technology

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in...

3 days ago - Business Wire

7 Foreign Stocks All U.S. Investors Should Be Watching

U.S. investors looking to diversify their portfolio to maximize long-term returns may want to consider these top foreign stocks right now. The post 7 Foreign Stocks All U.S. Investors Should Be Watching...

Other symbols:AZNBIDUBTIJDPBRSTM
3 days ago - InvestorPlace

Rio Tinto's Perth Airport vaccination clinics opens for mining industry

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto's vaccination hub at Perth Airport has opened today, enabling fly-in fly-out (FIFO) workers in the mining industry to easily access COVID-19 vaccination ...

5 days ago - Business Wire

4 Commodity Stocks to Scoop Up at Correction Prices

Commodity stocks look attractive after a sharp correction in the recent past as they offer positive potential for the medium to long term. The post 4 Commodity Stocks to Scoop Up at Correction Prices ap...

Other symbols:FCXLACVALE
1 week ago - InvestorPlace

Rio Tinto reaches new labour agreement for BC Works (Kitimat)

MONTREAL--(BUSINESS WIRE)--Rio Tinto has reached a new Collective Labour Agreement for its BC Works operation, which includes the Kitimat smelter and Kemano hydropower facility in British Columbia, foll...

1 week ago - Business Wire

Rio Tinto's iron ore rail cars to be built in WA to boost local jobs

MELBOURNE--(BUSINESS WIRE)--Rio Tinto is supporting iron ore rail car manufacturing in Western Australia with a commitment to use local suppliers to build ore rail cars for its Pilbara mining operations...

2 weeks ago - Business Wire

Rio Tinto publishes first Communities and Social Performance report

MELBOURNE--(BUSINESS WIRE)--Rio Tinto has published its first report on progress in improving Communities and Social Performance (CSP) practices, as the company works to rebuild trust and relationships ...

2 weeks ago - Business Wire

Rio Tinto and Canadian union reach labour deal for British Columbia ops

Rio Tinto and Canadian union Unifor have reached a labour agreement in principle for the global miner's operations in the western Canadian province of British Columbia, the company said on Sunday.

2 weeks ago - Reuters

3 Large-Cap Stocks With High Return on Equity

When a company's return on equity (ROE) ratio is better than most of its competitors, it generally indicates that the company has been very efficient in generating profits. Thus, investors may want to c...

Other symbols:ITPOOL
3 weeks ago - GuruFocus

September Sell-Off: How to Navigate the Market

The slowdown in China's property markets might be good news for companies suffering soaring costs of raw materials in 2021.

Other symbols:CATITWMMMOTIS
3 weeks ago - The Motley Fool

Rio Tinto (RIO) to Triple Solar Capacity at Weipa Mine

Rio Tinto (RIO) is working toward tripling the Weipa solar capacity and adding battery storage to help power operations.

3 weeks ago - Zacks Investment Research

Rio Tinto finds another project that can use renewables

(Kitco News) - Rio Tinto said the move that will more than triple the local electricity network's solar generation capacity and help provide cleaner power to Rio Tinto's operations.

3 weeks ago - Kitco

Iron Ore Prices Fall Below $100 per Ton on Weak Demand in China

Iron ore prices have lost 34% of its value year to date as China's initiatives to clean up its highly-polluting steel sector have hurt iron ore prices.

Other symbols:BHPVALE
3 weeks ago - Zacks Investment Research

Rio Tinto to triple Weipa solar capacity and add battery storage to help power operations

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has approved a new solar farm and battery storage at Weipa in Queensland, in a move that will more than triple the local electricity network's solar gene...

3 weeks ago - Business Wire

Rio Tinto and WA Government's Pilbara vaccination blitz commences

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Iron Ore chief executive Simon Trott joined WA Health Minister Roger Cook today to open the Tom Price COVID-19 vaccination clinic aimed at boosting vacci...

1 month ago - Business Wire

Rio Tinto statement on penalty assessment

MELBOURNE--(BUSINESS WIRE)--On 2 March 2021 the Australian Taxation Office (ATO) issued Rio Tinto Limited with amended assessments related to the denial of interest deductions on an isolated borrowing u...

1 month ago - Business Wire

Miners Embracing Autonomous Trucks for a Carbon-Neutral Future

Rio Tinto (RIO) and Caterpillar (CAT) partner to develop zero-emissions autonomous haul trucks - a testament to the initiatives taken by major companies to ensure a carbon-neutral future.

Other symbols:BHPCATNEMVALE
1 month ago - Zacks Investment Research

Caterpillar inks deal to develop zero-emissions autonomous haul trucks for Rio Tinto

(Kitco News) - The collaboration will see Rio Tinto work with Caterpillar to advance the development of the manufacturer's future 220-tonne 793 zero-emissions autonomous haul truck including the validat...

Other symbols:CAT
1 month ago - Kitco

Rio Tinto Teams Up with Caterpillar for Zero-Emissions Autonomous Trucks

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar's development of zero-emissions autonomous haul trucks for use at one of ...

1 month ago - Business Wire

U.S. House committee moves to block Rio Tinto's Resolution mine

A U.S. House of Representatives committee has voted to include language in a wider budget reconciliation package that would block Rio Tinto Ltd from building its Resolution copper mine in Arizona.

1 month ago - Reuters

7 Best Commodity Stocks to Play the Coming Boom

These seven commodity stocks are poised to take advantage of a unique confluence of events. Just mind the volatility.

Other symbols:AACLFFCXNEMVALE
1 month ago - Kiplinger

New Strong Sell Stocks for September 8th

AU, INTZ, RIO, SRNE, and PRTH have been added to the Zacks Rank #5 (Strong Sell) List on September 8, 2021

Other symbols:AUINTZPRTHSRNE
1 month ago - Zacks Investment Research