Rio Tinto Group (RIO)

Rio Tinto Group Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Rio Tinto Group stock has a target of 73, which predicts an increase of 14.91% from the current stock price of 63.53.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$73	$73	$73	$73
Change	+14.91%	+14.91%	+14.91%	+14.91%

* Price targets were last updated on Jan 6, 2025.

Analyst Ratings

The average analyst rating for Rio Tinto Group stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	1	1	1	1	2	2
Buy	0	0	0	0	0	0
Hold	3	3	3	3	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Chris LaFemina Jefferies	Jefferies	Strong Buy Maintains $83 → $73	Strong Buy	Maintains	$83 → $73	+14.91%	Jan 6, 2025
Shilan Modi HSBC	HSBC	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Jul 23, 2024
Richard Hatch Berenberg	Berenberg	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Jun 27, 2024
Ephrem Ravi Citigroup	Citigroup	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	May 20, 2024
Myles Allsop UBS	UBS	Strong Sell → Hold Upgrades n/a	Strong Sell → Hold	Upgrades	n/a	n/a	Oct 6, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

55.33B

Increased by 2.38%

from 54.04B

Revenue Next Year

54.56B

Decreased by -1.39%

from 55.33B

EPS This Year

7.02

Increased by 13.85%

from 6.17

EPS Next Year

6.90

Decreased by -1.72%

from 7.02

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	43.17B	44.61B	63.50B	55.55B	54.04B	55.33B	54.56B	55.19B
Revenue Growth	6.52%	3.35%	42.33%	-12.51%	-2.72%	2.38%	-1.39%	1.17%
EPS	4.88	6.00	12.96	7.60	6.17	7.02	6.90	6.87
EPS Growth	-38.07%	22.96%	116.12%	-41.34%	-18.92%	13.85%	-1.72%	-0.44%
Forward PE	-	-	-	-	-	9.05	9.21	9.25
No. Analysts	-	-	-	-	-	24	24	22

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	60.4B	62.9B	62.2B
Avg	55.3B	54.6B	55.2B
Low	51.1B	44.2B	37.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	11.7%	13.6%	14.0%
Avg	2.4%	-1.4%	1.2%
Low	-5.4%	-20.2%	-31.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	7.83	8.04	9.31
Avg	7.02	6.90	6.87
Low	6.13	5.39	3.49

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	27.1%	14.6%	35.0%
Avg	13.9%	-1.7%	-0.4%
Low	-0.6%	-23.2%	-49.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.