Brokerages Set Rio Tinto PLC (NYSE:RIO) Target Price at $101.62

Shares of Rio Tinto PLC (NYSE:RIO) have been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $103.1250.

Several brokerages recently weighed in on RIO. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. Argus raised shares of Rio Tinto to a “strong-buy” rating in a research report on Thursday, August 20th. Berenberg Bank set a $113.00 target price on shares of Rio Tinto in a research note on Thursday, July 30th. Weiss Ratings raised Rio Tinto from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 30th. Finally, Erste Group Bank downgraded Rio Tinto from a “buy” rating to a “hold” rating in a report on Thursday, August 27th.

Rio Tinto News Summary

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Winu project advances: Rio Tinto and the Nyangumarta Warrarn Aboriginal Corporation signed a project agreement for the proposed Winu copper-gold mine in Western Australia. The agreement improves the project’s social and regulatory foundation and supports Rio’s longer-term copper growth pipeline. Nyangumarta Warrarn Aboriginal Corporation and Rio Tinto sign milestone agreement for Winu Project
• Positive Sentiment: Aurukun adds bauxite potential: Rio agreed to acquire the Aurukun Bauxite Project in Queensland from Glencore and Mitsubishi Development. The deal could expand Rio’s bauxite resource base and strengthen its aluminum supply position, although government approvals, undisclosed financial terms and development risks limit the immediate benefit. Aurukun Deal Gives Rio Tinto More Bauxite Upside, But Risks Remain
• Positive Sentiment: Exploration and technology optionality: Rio’s 40%-owned Smart Creek joint venture in Montana has started a fully funded 9,000-metre copper-focused drilling program, while its graphene-battery partnership with Graphene Manufacturing Group reported no performance loss after 489 rapid charge cycles. These developments provide longer-term growth options but are not yet material earnings drivers. Domestic Metals launches 9,000-metre drill program GMG Announces Long Life Battery Cycling Data
• Neutral Sentiment: Analyst estimates are mixed: Erste Group slightly raised its FY2026 EPS forecast to $8.33 but lowered its FY2027 estimate to $8.31 and maintained a Hold rating. The changes suggest limited near-term earnings momentum. Rio Tinto analyst estimates
• Negative Sentiment: Copper price retreat: Copper-mining shares weakened as copper pulled back from a record high. Rio’s exposure to copper means a sustained decline could pressure sentiment and future revenue expectations, despite the company’s diversified iron ore, aluminum and bauxite operations. U.S.-Listed Copper Mining Stocks Fall as Copper Retreats From Record High

Institutional Trading of Rio Tinto

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its holdings in Rio Tinto by 170.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock valued at $311,023,000 after acquiring an additional 2,451,140 shares during the period. Milford Funds Ltd. acquired a new position in shares of Rio Tinto during the 4th quarter worth $93,143,000. Altshuler Shaham Ltd purchased a new position in shares of Rio Tinto in the 1st quarter valued at about $106,724,000. Deutsche Bank AG increased its holdings in shares of Rio Tinto by 102.6% in the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock valued at $177,421,000 after purchasing an additional 1,122,667 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Rio Tinto by 144.7% in the fourth quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company’s stock valued at $127,039,000 after purchasing an additional 938,687 shares during the period. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Stock Up 0.5%

Shares of RIO opened at $99.86 on Friday. Rio Tinto has a fifty-two week low of $61.72 and a fifty-two week high of $112.58. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average price is $97.65 and its 200 day moving average price is $98.06.

Rio Tinto Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be given a dividend of $2.11 per share. This represents a dividend yield of 441.0%. The ex-dividend date of this dividend is Friday, August 14th.

About Rio Tinto

Rio Tinto plc is a global mining and metals company with operations and projects spanning approximately 35 countries. Founded in 1873, the company operates through a dual-listed structure in the United Kingdom and Australia, with its American depositary receipts traded on the New York Stock Exchange under the symbol RIO.

The company explores, develops and produces a range of mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks and diamonds.