Rio Tinto Group (RIO)

NYSE: RIO · IEX Real-Time Price · USD
+1.02 (1.52%)
Mar 30, 2023, 10:31 AM EDT - Market open
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]

Sector Materials
Founded 1873
Employees 49,000
Stock Exchange NYSE
Ticker Symbol RIO
Full Company Profile

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 Statements

Analyst 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.

Price Target
(11.49% upside)
Analyst Consensus: Buy
Stock Forecasts


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3 days ago - InvestorPlace

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...

6 days ago - Reuters

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...

1 week ago - Reuters

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...

1 week ago - Business Wire

7 High-Yield Dividend Stocks to Compete Against Rising Yields

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1 week ago - InvestorPlace

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.

Other symbols: SMFG
1 week ago - Zacks Investment Research

Are Investors Undervaluing Rio Tinto (RIO) Right Now?

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...

1 week ago - Zacks Investment Research

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...

1 week ago - Business Wire

7 High-Yield Dividend Stocks That Can Double Your Money in 2023

Investors should brace up for another challenging year for equities. Turbulence in the banking system, inflation and a potential recession are the major headwinds.

1 week ago - InvestorPlace

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...

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2 weeks ago - InvestorPlace

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...

2 weeks ago - Business Wire

7 Undervalued Dividend Stocks for Your Must-Buy List

With markets getting dragged down by another financial crisis, investors should seek safety.  In fact, one of the best places for that is in undervalued dividend stocks.

2 weeks ago - InvestorPlace

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.

2 weeks ago - Zacks Investment Research

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...

2 weeks ago - Bloomberg Markets and Finance

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.

2 weeks ago - Kitco

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...

2 weeks ago - InvestorPlace

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...

3 weeks ago - Invezz

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...

3 weeks ago - Market Watch

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...

3 weeks ago - Business Wire

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...

3 weeks ago - InvestorPlace

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 ...

3 weeks ago - Business Wire

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.

3 weeks ago - Forbes

Final Trades: Alphabet, American Tower & more

The "Halftime Report" traders give their top picks to watch for the second half.

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3 weeks ago - CNBC Television

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...

3 weeks ago - Zacks Investment Research

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 ...

1 month ago - Business Wire