Erste Group Bank Cuts Earnings Estimates for Rio Tinto

Rio Tinto PLC (NYSE:RIO) – Analysts at Erste Group Bank dropped their FY2026 earnings per share (EPS) estimates for shares of Rio Tinto in a research note issued to investors on Tuesday, May 12th. Erste Group Bank analyst S. Lingnau now expects that the mining company will post earnings per share of $8.04 for the year, down from their prior forecast of $8.35. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Rio Tinto’s current full-year earnings is $8.56 per share.

RIO has been the subject of a number of other reports. Citigroup restated a “neutral” rating on shares of Rio Tinto in a report on Monday, April 13th. Zacks Research cut Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a report on Friday. JPMorgan Chase & Co. cut Rio Tinto from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Rio Tinto in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Rio Tinto has an average rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Price Performance

Shares of Rio Tinto stock opened at $100.89 on Wednesday. The business has a 50-day moving average of $96.36 and a 200 day moving average of $87.75. Rio Tinto has a 12 month low of $55.64 and a 12 month high of $112.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44.

Rio Tinto Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, April 16th. Stockholders of record on Friday, March 6th were given a dividend of $2.54 per share. This represents a dividend yield of 564.0%. The ex-dividend date of this dividend was Friday, March 6th.

Institutional Investors Weigh In On Rio Tinto

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

About Rio Tinto

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.