Rio Tinto Group (RIO) Stock Forecast, Price Target & Predictions
RIO Stock Forecast
Rio Tinto Group stock forecast is as follows: an average price target of $79.00 (represents a 34.72% upside from RIO’s last price of $58.64) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.
RIO Price Target
The average price target for Rio Tinto Group (RIO) is $79.00 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $79.00 to $79.00. This represents a potential 34.72% upside from RIO's last price of $58.64.
RIO Analyst Ratings
According to 18 Wall Street analysts, Rio Tinto Group's rating consensus is 'Buy'. The analyst rating breakdown for RIO stock is 0 'Strong Buy' (0.00%), 11 'Buy' (61.11%), 5 'Hold' (27.78%), 2 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).
Rio Tinto Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 02, 2024 | Richard Hatch | Berenberg Bank | $79.00 | $69.78 | 13.22% | 34.72% |
| May 22, 2024 | John Eade | Argus Research | $82.00 | $73.48 | 11.59% | 39.84% |
| Aug 23, 2022 | Hayden Bairstow | Macquarie | $100.00 | $61.10 | 63.67% | 70.53% |
| Mar 16, 2022 | Christopher LaFemina | Jefferies | $92.00 | $72.72 | 26.51% | 56.89% |
| Jul 30, 2021 | Sam Webb | Credit Suisse | $99.02 | $75.72 | 30.77% | 68.86% |
The latest Rio Tinto Group stock forecast, released on Oct 02, 2024 by Richard Hatch from Berenberg Bank, set a price target of $79.00, which represents a 13.22% increase from the stock price at the time of the forecast ($69.78), and a 34.72% increase from RIO last price ($58.64).
Rio Tinto Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $79.00 | $80.50 |
| Last Closing Price | $58.64 | $58.64 | $58.64 |
| Upside/Downside | -100.00% | 34.72% | 37.28% |
In the current month, the average price target of Rio Tinto Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Rio Tinto Group's last price of $58.64. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | CFRA | Buy | Buy | Hold |
| Oct 16, 2024 | Macquarie | Outperform | Neutral | Downgrade |
| Oct 16, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 14, 2024 | Cowen & Co. | Buy | Downgrade | |
| Sep 30, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Sep 13, 2024 | Macquarie | Neutral | Outperform | Upgrade |
| Aug 08, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 06, 2024 | Panmure | Sell | Downgrade | |
| Jul 23, 2024 | HSBC | Buy | Upgrade | |
| Jul 05, 2024 | Barclays | Overweight | Overweight | Hold |
| Jun 21, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Jun 05, 2024 | Deutsche Bank | Buy | Buy | Hold |
| May 20, 2024 | Citigroup | Neutral | Downgrade | |
| Apr 30, 2024 | Oddo BHF | Outperform | Upgrade | |
| Apr 17, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Apr 16, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 05, 2023 | UBS | Sell | Neutral | Upgrade |
| May 05, 2023 | Bernstein | Outperform | Upgrade | |
| Apr 17, 2023 | Goldman Sachs | Buy | Sell | Initialise |
| Dec 12, 2022 | UBS | Sell | Downgrade | |
| Oct 18, 2022 | Prescience Point | Buy | Buy | Hold |
| Aug 23, 2022 | Macquarie | Neutral | Downgrade | |
| Jun 07, 2022 | Jefferies | Hold | Buy | Upgrade |
| Apr 26, 2022 | Berenberg Bank | Hold | Downgrade | |
| Apr 26, 2022 | Goldman Sachs | Buy | Upgrade | |
| Apr 26, 2022 | Barclays | Underweight | Downgrade | |
| Mar 16, 2022 | Jefferies | Hold | Hold | Hold |
Rio Tinto Group's last stock rating was published by CFRA on Oct 16, 2024. The company gave RIO a "Buy" rating, the same as its previous rate.
Rio Tinto Group Financial Forecast
Rio Tinto Group Revenue Forecast
| Dec 24 | Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|---|
| Revenue | - | - | - | - |
| Avg Forecast | $27.85B | $27.30B | $27.04B | $28.82B |
| High Forecast | $27.85B | $27.30B | $27.04B | $28.82B |
| Low Forecast | $27.85B | $27.30B | $27.04B | $28.82B |
| # Analysts | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - |
Rio Tinto Group's average Quarter revenue forecast for undefined based on undefined analysts is $NaN, with a low forecast of $NaN, and a high forecast of $NaN. RIO's average Quarter revenue forecast represents a NaN% decrease compared to the company's last Quarter revenue of $NaN (undefined).
Rio Tinto Group EBITDA Forecast
| Dec 24 | Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - |
| Avg Forecast | $12.20B | $11.96B | $11.84B | $12.62B |
| High Forecast | $12.20B | $11.96B | $11.84B | $12.62B |
| Low Forecast | $12.20B | $11.96B | $11.84B | $12.62B |
| Surprise % | - | - | - | - |
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Rio Tinto Group Net Income Forecast
| Dec 24 | Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - |
| Avg Forecast | $5.42B | $2.52B | $5.70B | $5.97B |
| High Forecast | $5.42B | $2.52B | $5.70B | $5.97B |
| Low Forecast | $5.42B | $2.52B | $5.70B | $5.97B |
| Surprise % | - | - | - | - |
Rio Tinto Group's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. RIO's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Rio Tinto Group SG&A Forecast
| Dec 24 | Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - |
| Avg Forecast | $3.49B | $3.42B | $3.38B | $3.61B |
| High Forecast | $3.49B | $3.42B | $3.38B | $3.61B |
| Low Forecast | $3.49B | $3.42B | $3.38B | $3.61B |
| Surprise % | - | - | - | - |
Rio Tinto Group's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to RIO last annual SG&A of $NaN (undefined).
Rio Tinto Group EPS Forecast
| Dec 24 | Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - |
| Avg Forecast | $3.32 | $1.54 | $3.49 | $3.66 |
| High Forecast | $3.32 | $1.54 | $3.49 | $3.66 |
| Low Forecast | $3.32 | $1.54 | $3.49 | $3.66 |
| Surprise % | - | - | - | - |
According to undefined Wall Street analysts, Rio Tinto Group's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to RIO previous annual EPS of $NaN (undefined).
Rio Tinto Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LAC | Lithium Americas (Argentina) | $3.13 | $4.85 | 54.95% | Buy |
| VALE | Vale | $9.19 | $14.03 | 52.67% | Buy |
| RIO | Rio Tinto Group | $61.46 | $79.00 | 28.54% | Buy |
| BHP | BHP Group | $51.00 | $64.00 | 25.49% | Hold |
| PLL | Piedmont Lithium | $9.85 | $11.50 | 16.75% | Hold |
| MP | MP Materials | $18.37 | $19.67 | 7.08% | Buy |
| TECK | Teck Resources | $42.09 | $40.31 | -4.23% | Buy |