Rio Tinto Group (RIO)

NYSE: RIO · IEX Real-Time Price · USD
-3.20 (-4.63%)
At close: Feb 20, 2024, 4:00 PM
-0.10 (-0.15%)
After-hours: Feb 20, 2024, 7:42 PM EST
Market Cap 112.65B
Revenue (ttm) 55.55B
Net Income (ttm) 12.42B
Shares Out 1.71B
EPS (ttm) 7.62
PE Ratio 12.51
Forward PE 8.92
Dividend $4.01 (6.08%)
Ex-Dividend Date Aug 10, 2023
Volume 4,599,678
Open 67.07
Previous Close 69.12
Day's Range 65.76 - 67.12
52-Week Range 58.27 - 76.54
Beta 0.67
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. It offers aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, molybdenum, and lithium. The company also owns and operates open pit and underground mines, refineries, smelters, and concentrator facilities, as well as power stations, research, and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United K... [Read more]

Sector Materials
Founded 1873
Employees 50,421
Stock Exchange NYSE
Ticker Symbol RIO
Full Company Profile

Financial Performance

In 2022, RIO'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 Statements


Rio Tinto inks renewable power purchase deal with Windlab's wind project

Rio Tinto Ltd has signed a renewable power purchase agreement with specialist renewable energy firm Windlab to buy the majority of electricity from its planned 1.4 giga-watt wind energy project in Que...

4 hours ago - Reuters

Rio Tinto signs Australia's biggest renewable power deal as it works to repower its Gladstone operations

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has signed Australia's largest renewable power purchase agreement (PPA) to date to supply its Gladstone operations in Queensland, agreeing to buy the m...

4 hours ago - Business Wire

Mining stocks slip as China woes hit iron ore prices

Shares of global mining groups listed in London were under pressure Tuesday as concerns about weak growth in China pushed iron ore prices to their cheapest in three months.

Other symbols: AALBHP
12 hours ago - Market Watch

Rio Tinto Statement – Update on Fort Smith plane crash

YELLOWKNIFE, Canada--(BUSINESS WIRE)--We have been informed by authorities that four team members from our Diavik diamond mine and two airline crew members have died in a plane crash near Fort Smith, ...

27 days ago - Business Wire

Six dead in Rio Tinto plane crash in Canada's Northwest Territories

Six people were killed after a small plane carrying Rio Tinto workers crashed near Fort Smith in Canada's remote Northwest Territories (NWT), the NWT Coroner Service said on Wednesday.

27 days ago - Reuters

Plane carrying Rio Tinto workers to diamond mine crashes in Canada, resulting in fatalities

A number of people have been killed in Canada's Northwest Territories after a plane carrying Rio Tinto workers to a diamond mine crashed following takeoff.

27 days ago - Fox Business

Rio Tinto Statement – Plane crash near Fort Smith, Northwest Territories, Canada

MELBOURNE, Australia--(BUSINESS WIRE)--We have been informed by authorities that a plane on its way to our Diavik mine, carrying a number of our people, crashed near Fort Smith, Northwest Territories,...

27 days ago - Business Wire

Rio Tinto Inks Power Deal With European Energy for Giant Australia Solar Farm

Rio Tinto said it has agreed to buy electricity from the planned Upper Calliope solar farm in eastern Australia to power its Gladstone operations.

4 weeks ago - WSJ

Rio Tinto to provide renewable power for Gladstone ops under new solar power deal

Rio Tinto , said on Wednesday it would buy all electricity from European Energy Australia's Upper Calliope Solar Farm, in a bid to provide renewable power to the global miner's operations in Gladstone...

4 weeks ago - Reuters

Rio Tinto to drive development of Australia's largest solar farm at Gladstone

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto will drive development of Australia's largest solar power project near Gladstone, after agreeing to buy all electricity from the 1.1GW1 Upper Calliope ...

4 weeks ago - Business Wire

We're cautiously optimistic about the Chinese economy: Rio Tinto Group CEO

Jakob Stausholm, CEO of Rio Tinto Group, discusses demand for iron ore in China, and shares the company's plans for the world's biggest mining project.

4 weeks ago - CNBC International TV

Rio Tinto and BHP stock: Can mining giants unearth profit growth?

Mining giants Rio Tinto Group NYSE: RIO and BHP Group Limited NYSE: BHP are leading the industry lower, despite forecasts that commodity prices will rise, boosting revenue and presumably, share price.

Other symbols: BHP
4 weeks ago - MarketBeat

Rio Tinto copper equivalent production rises 3 percent

Rio Tinto on January 15 reported just over a 3 per cent rise in the group's total copper equivalent production for the full year reflecting the Gudai-Darri mine in Pilbara, Australia reaching its full...

5 weeks ago - Invezz

Rio Tinto releases fourth quarter production results

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “We were fatality free for the fifth consecutive year at our managed operations but we remain vigilant and contin...

5 weeks ago - Business Wire

Rio Tinto Board changes

LONDON--(BUSINESS WIRE)--Rio Tinto has appointed Martina Merz and Sharon Thorne as non-executive directors. Martina Merz will join the Board on 1 February 2024 and will therefore stand for election at...

2 months ago - Business Wire

Rio Tinto Board change

LONDON--(BUSINESS WIRE)--Rio Tinto confirms that Dr Megan Clark has stepped down as a non-executive director on 15 December 2023, having served for nine years on the Board of Directors. Rio Tinto Chai...

2 months ago - Business Wire

Calls of the Day: Zillow, Humana and Rio Tinto

The Halftime Investment Committee discusses Zillow, Humana and Rio Tinto.

Other symbols: HUMZZG
2 months ago - CNBC Television

Why the U.S. has a serious mining worker shortage

The U.S. has more than 12,500 active mines but an aging workforce is causing headaches for the industry.

2 months ago - CNBC

Rio Tinto CEO on Guinea Project, China Demand, Strategy

Rio Tinto Group Chief Executive Officer Jakob Stausholm talks about the company's Simandou project in Guinea, China's economy and the nation's demand for commodities, and the mining giant's growth str...

2 months ago - Bloomberg Markets and Finance

Rio Tinto plans $6.2 billion investment in Guinea iron ore project

Rio Tinto's RIO, -0.81% single biggest investment over the next few years is likely to be a huge African iron ore project that could reshape global supplies of the steelmaking ingredient.

2 months ago - Market Watch

Rio Tinto invests with discipline to strengthen the performance of assets and grow

SYDNEY--(BUSINESS WIRE)--Rio Tinto will today hold its 2023 Investor Seminar in Sydney, where it will update on progress in its long-term strategy of investing with discipline to strengthen operations...

2 months ago - Business Wire

Rio Tinto Kennecott to fully transition to renewable diesel

SALT LAKE CITY--(BUSINESS WIRE)--Rio Tinto will replace its entire fossil diesel consumption with renewable diesel at its Kennecott copper operation in Utah from 2024. Kennecott's fleet of 90 haul tru...

2 months ago - Business Wire

Rio Tinto approves $77M PFS for 'one of the best' undeveloped iron ore deposits

(Kitco News) - First ore from the initial development at "one of the best" undeveloped iron ore deposits is expected by the end of this decade.

2 months ago - Kitco

Rio Tinto progresses Rhodes Ridge to next study phase

PERTH, Australia--(BUSINESS WIRE)--Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development of the Rhodes Ridge project, one of the world's best undevel...

2 months ago - Business Wire

Rio Tinto approves new solar farm and battery storage to power its Amrun bauxite operations on Cape York

WEIPA, Australia--(BUSINESS WIRE)--Rio Tinto has approved a new 12.4MW solar farm and 8.8MVa/2.1MWh of battery storage to provide renewable energy for the Amrun bauxite operations near Weipa in Queens...

2 months ago - Business Wire