Erste Group Bank Expects Increased Earnings for Rio Tinto

Rio Tinto PLC (NYSE:RIO) – Research analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for Rio Tinto in a report issued on Friday, June 5th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings per share of $8.42 for the year, up from their previous estimate of $8.04. The consensus estimate for Rio Tinto’s current full-year earnings is $8.62 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.47 EPS.

A number of other research firms have also recently commented on RIO. DZ Bank raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rio Tinto in a research report on Friday, May 15th. Royal Bank Of Canada cut Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. cut Rio Tinto from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Finally, Barclays cut Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rio Tinto has a consensus rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Price Performance

Shares of NYSE:RIO opened at $103.59 on Friday. Rio Tinto has a 1-year low of $55.64 and a 1-year 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. The business has a fifty day moving average price of $101.96 and a 200-day moving average price of $91.91.

Institutional Investors Weigh In On Rio Tinto

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its holdings in shares of Rio Tinto by 160.2% in the first quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock valued at $27,000 after purchasing an additional 181 shares during the period. PFS Partners LLC acquired a new stake in Rio Tinto during the fourth quarter worth about $28,000. Nvest Wealth Strategies Inc. acquired a new stake in Rio Tinto during the fourth quarter worth about $28,000. Trust Co. of Toledo NA OH acquired a new stake in Rio Tinto during the fourth quarter worth about $34,000. Finally, Evelyn Partners Investment Management LLP acquired a new stake in Rio Tinto during the fourth quarter worth about $34,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Company Profile

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.