Rio Tinto Group (RIO)

NYSE: RIO · Real-Time Price · USD
62.04
+0.39 (0.63%)
At close: Feb 11, 2025, 4:00 PM
62.63
+0.59 (0.95%)
Pre-market: Feb 13, 2025, 4:39 AM EST
0.63%
Market Cap 105.34B
Revenue (ttm) 54.18B
Net Income (ttm) 10.75B
Shares Out 1.62B
EPS (ttm) 6.58
PE Ratio 9.80
Forward PE 9.40
Dividend $4.34 (7.00%)
Ex-Dividend Date Aug 16, 2024
Volume 1,596,821
Open 61.88
Previous Close 61.65
Day's Range 61.76 - 62.65
52-Week Range 57.85 - 74.24
Beta 0.62
Analysts Buy
Price Target 73.00 (+17.67%)
Earnings Date Feb 19, 2025

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. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting. The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities. The Minerals segment is involved in mining... [Read more]

Sector Materials
Founded 1873
Employees 53,771
Stock Exchange NYSE
Ticker Symbol RIO
Full Company Profile

Financial Performance

In 2023, Rio Tinto Group's revenue was $54.04 billion, a decrease of -2.72% compared to the previous year's $55.55 billion. Earnings were $10.06 billion, a decrease of -18.83%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for RIO stock is "Buy." The 12-month stock price forecast is $73.0, which is an increase of 17.67% from the latest price.

Price Target
$73.0
(17.67% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Rio Tinto donates A$750,000 to Queensland flood relief and recovery efforts

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has donated A$750,000 to support disaster relief efforts for those impacted by the widespread floods in North Queensland. The funds will support the wo...

1 day ago - Business Wire

Rio Tinto US Borax donates $600,000 to support communities impacted by Los Angeles Wildfires

LOS ANGELES--(BUSINESS WIRE)--Rio Tinto's U.S. Borax has donated $600,000 to three organisations to support relief efforts for communities directly impacted by the recent wildfires in Los Angeles regi...

5 days ago - Business Wire

Rio Tinto Eyes EV Future

The shares of diversified mining giant Rio Tinto (NYSE: RIO) has gained 5% year to date, outperforming the S&P500 index which has grown 3% during the same period. Rio Tinto is making a significant pus...

5 days ago - Forbes

Rio Tinto clears Western Australia ports due to cyclones

Rio Tinto , has begun clearing ships from two Western Australian ports due to high seas as a result of tropical cyclones Tahliah and Vince, it said on Tuesday.

9 days ago - Reuters

Rio Tinto and Hydro partner on carbon capture technologies for aluminium smelters

LONDON & OSLO, Norway--(BUSINESS WIRE)--Rio Tinto and Hydro will join forces to identify and evaluate available carbon capture technologies for future implementation in the aluminium electrolysis proc...

14 days ago - Business Wire

Rio Tinto: Set For A Better 2025 And Attractive Yields Despite Iron Ore Challenges

Rio Tinto is diversifying beyond iron ore, investing heavily in lithium production, positioning itself as a major player in the battery metals sector. The correlation between Rio Tinto's stock and iro...

15 days ago - Seeking Alpha

Rio Tinto cannot comment on rumors of merger talks, says CEO

Jakob Stausholm, the CEO of Rio Tinto, discusses the outlook for the global mining industry at the World Economic Forum in Davos.

20 days ago - CNBC International TV

Top 4 catalysts for the Rio Tinto share price in 2025

Rio Tinto share price has remained in a consolidation phase in the past few weeks as investors assess the prices of key commodities. The stock was trading at 5,000p in London, a few points below last ...

22 days ago - Invezz

Why Glencore-Rio Tinto merger buzz could signal a new phase of mining sector consolidation

The mining industry is on edge after reports surfaced of potential merger discussions between Rio Tinto and Glencore, two of the sector's most prominent players. Bloomberg News reported that the compa...

23 days ago - Invezz

Rio Tinto welcomes Australian Government support for low-carbon aluminium

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto welcomes the Australian Government's announcement of an aluminium production credit to help sustain and grow aluminium smelting in Australia, and signi...

24 days ago - Business Wire

Rio Tinto to form new lithium unit after Arcadium buy, memo says

Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters...

Other symbols: ALTM
26 days ago - Reuters

Rio Tinto And Glencore Test Investor Support For A Merger

A deal aimed at capturing a bigger slice of the metals market, the proposed $160 billion merger of Rio Tinto and Glencore, appears doomed to fail, just as last year's $50 billion attempt by BHP to acq...

27 days ago - Forbes

Glencore and Rio Tinto's mining operations

Glencore approached Rio Tinto , late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said.

27 days ago - Reuters

Massive mining sector shakeup: Bloomberg reports Rio Tinto and Glencore in preliminary deal talks

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...

27 days ago - Kitco

Rio Tinto, Glencore are said to discuss potential merger, Bloomberg News reports

Rio Tinto and Glencore Plc GLEN.L have been discussing combining their businesses, Bloomberg News reported on Thursday, citing people familiar with the matter.

27 days ago - Reuters

Rio Tinto releases fourth quarter production results

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “Our operating performance in 2024 was good, consistent with our ongoing commitment to strengthen the business as...

4 weeks ago - Business Wire

UNBC appoints two Research Chairs in partnership with Rio Tinto

PRINCE GEORGE, British Columbia--(BUSINESS WIRE)--The University of Northern British Columbia and Rio Tinto have expanded a partnership to advance vital research into the impacts of climate change on ...

4 weeks ago - Business Wire

My Top 10 High Dividend Yield Stocks For January 2025, One Yields Over 8%

Including high dividend yield companies that pay sustainable dividends in your dividend portfolio can bring a number of benefits. In this article, I will introduce you to 10 high dividend yield compan...

Other symbols: ARCCCVXEPDMOOPEPTD
4 weeks ago - Seeking Alpha

Fortune Minerals Provides an Update of NICO Project Test Work, Rio Tinto Process Collaboration & Feasibility Study

LONDON, Ontario--(BUSINESS WIRE)-- #Cobalt--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to provide an update of ongoing work on ...

5 weeks ago - Business Wire

Missing crew member from Rio Tinto Marine vessel

SINGAPORE--(BUSINESS WIRE)--It is with great sadness that Rio Tinto confirms that Mr Gel Aguaviva, a deck fitter on board its bulk carrier RTM Zheng He, was reported missing on 26 December 2024, while...

6 weeks ago - Business Wire

Rio Tinto: Growth Could Accelerate After Arcadium Deal

Arcadium Lithium is undervalued with a 13% upside to Rio Tinto's buyout price, expected to close mid 2025. Rio Tinto's acquisition of ALTM positions it as a major lithium player, with potential revenu...

Other symbols: ALTM
6 weeks ago - Seeking Alpha

Rio Tinto Charges Ahead Into Lithium Despite A Falling Market

Conflicting market signals continue to cloud the outlook for battery metals, especially lithium, with Rio Tinto, one of the world's biggest miners, pushing ahead with a $6.7 billion acquisition, just ...

7 weeks ago - Forbes

Arcadium Lithium shareholders approve $6.7 bln Rio Tinto deal

Arcadium Lithium shareholders have voted in favor of a $6.7 billion sale to Australian mining giant Rio Tinto , the company said on Monday.

Other symbols: ALTM
7 weeks ago - Reuters

Arcadium Lithium Announces Shareholder Approval of Proposed Rio Tinto Transaction and Provides Regulatory Update

PHILADELPHIA and PERTH, Australia , Dec. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, today announced that it ...

Other symbols: ALTM
7 weeks ago - PRNewsWire

Activist Investor Widens Call for Review of Rio Tinto's Dual-Listing

Palliser Capital doubled down on its call for a review of Rio Tinto's dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

7 weeks ago - WSJ