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Rio Tinto Group (RIO) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

RIO Stock Forecast

Rio Tinto Group (RIO) stock forecast, based on 18 Wall Street analysts, predicts a 12-month average price target of $79.00, with a high of $79.00 and a low of $79.00. This represents a 32.28% increase from the last price of $59.72.

$55 $60 $65 $70 $75 $80 High: $79 Avg: $79 Low: $79 Last Closed Price: $59.72

RIO Stock Rating

Rio Tinto Group stock's rating consensus is Buy, based on 18 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 11 Buy (61.11%), 5 Hold (27.78%), 2 Sell (11.11%), and 0 Strong Sell (0.00%).

Buy
Total 18 0 2 5 11 Strong Sell Sell Hold Buy Strong Buy

RIO Forecast vs Benchmarks

TypeNameUpside
StockRio Tinto Group32.28%
SectorBasic Materials Stocks 18.06%

Price Target Trends

1M3M12M
# Anlaysts--2
Avg Price Target--$80.50
Last Closing Price$59.72$59.72$59.72
Upside/Downside--34.80%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2515---6
Dec, 2415---6
Nov, 24451--10
Oct, 24451--10
Sep, 24441--9
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 02, 2024Richard HatchBerenberg Bank$79.00$69.7813.21%32.28%
May 22, 2024John EadeArgus Research$82.00$73.4811.59%37.31%
Aug 23, 2022Hayden BairstowMacquarie$100.00$61.1063.67%67.45%
Mar 16, 2022Christopher LaFeminaJefferies$92.00$72.7226.51%54.05%
Jul 30, 2021Sam WebbCredit Suisse$99.02$75.7230.77%65.81%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024CFRABuyBuyhold
Oct 16, 2024MacquarieOutperformNeutraldowngrade
Oct 16, 2024BMO CapitalOutperformOutperformhold
Oct 14, 2024Cowen & Co.Buydowngrade
Sep 30, 2024RBC CapitalSector PerformSector Performhold
Sep 13, 2024MacquarieNeutralOutperformupgrade
Aug 08, 2024BarclaysOverweightOverweighthold
Aug 06, 2024PanmureSelldowngrade
Jul 23, 2024HSBCBuyupgrade
Jul 05, 2024BarclaysOverweightOverweighthold

Financial Forecast

EPS Forecast

$6 $7 $8 $9 $10 $11 $12 $13 $14 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$6.04$13.03$7.65$6.20-----
Avg Forecast$7.29$13.33$8.68$7.30$6.86$6.77$6.58$7.07$7.57
High Forecast$7.07$12.92$8.33$7.09$6.73$6.08$6.06$6.54$7.18
Low Forecast$7.52$13.75$9.27$7.69$6.96$7.31$7.09$7.73$7.90
Surprise %-17.15%-2.25%-11.87%-15.07%-----

Revenue Forecast

$40B $45B $50B $55B $60B $65B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$44.61B$63.49B$55.55B$54.04B-----
Avg Forecast$44.54B$62.27B$54.76B$53.85B$53.41B$52.61B$53.47B$57.54B$61.82B
High Forecast$43.49B$60.81B$53.07B$51.73B$51.32B$50.54B$51.37B$57.19B$59.39B
Low Forecast$45.63B$63.79B$57.65B$55.65B$55.20B$54.36B$55.25B$57.89B$63.88B
Surprise %0.16%1.96%1.44%0.36%-----

Net Income Forecast

$5B $9B $13B $17B $21B $25B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$9.77B$21.11B$12.39B$10.06B-----
Avg Forecast$11.90B$21.74B$14.15B$10.75B$11.19B$11.27B$11.46B$11.79B$12.35B
High Forecast$11.53B$21.08B$13.59B$10.40B$10.98B$9.91B$9.88B$10.67B$11.72B
Low Forecast$12.28B$22.43B$15.12B$11.09B$11.36B$11.92B$11.57B$12.62B$12.88B
Surprise %-17.89%-2.88%-12.45%-6.43%-----

RIO Forecast FAQ

Is Rio Tinto Group stock a buy?

Rio Tinto Group stock has a consensus rating of Buy, based on 18 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 11 Buy, 5 Hold, 2 Sell, and 0 Strong Sell, reflecting a consensus that Rio Tinto Group is a favorable investment for most analysts.

What is Rio Tinto Group's price target?

Rio Tinto Group's price target, set by 18 Wall Street analysts, averages $79 over the next 12 months. The price target range spans from $79 at the low end to $79 at the high end, suggesting a potential 32.28% change from the previous close price of $59.72.

How does Rio Tinto Group stock forecast compare to the average forecast of its sector, industry, and investment themes?

Rio Tinto Group stock forecast shows a 32.28% upside, outperforming the average forecast for the basic materials stocks sector (18.06%).

What is the breakdown of analyst ratings for Rio Tinto Group over the past three months?

  • January 2025: 16.67% Strong Buy, 83.33% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 16.67% Strong Buy, 83.33% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 40.00% Strong Buy, 50.00% Buy, 10.00% Hold, 0% Sell, 0% Strong Sell.

What is Rio Tinto Group’s EPS forecast?

Rio Tinto Group's average annual EPS forecast for its fiscal year ending in December is 6.86 for 2024, a 10.65% increase from the reported $6.2 in 2023. The prediction for 2025 is $6.77, $6.58 for 2026, $7.07 for 2027, and $7.57 for 2028.

What is Rio Tinto Group’s revenue forecast?

Rio Tinto Group's average annual revenue forecast for its fiscal year ending in December is $53.41B for 2024, a -1.16% decrease from the reported $54.04B in 2023. The forecast for 2025 is $52.61B, $53.47B for 2026, $57.54B for 2027, and $61.82B for 2028.

What is Rio Tinto Group’s net income forecast?

For its fiscal year ending in December, Rio Tinto Group's average annual net income forecast is $11.19B for 2024, reflecting an 11.27% increase from the reported $10.06B in 2023. The projection for 2025 is $11.27B, $11.46B for 2026, $11.79B for 2027, and $12.35B for 2028.