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 $93.25 (represents a 56.17% upside from RIO’s last price of $59.71) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.
RIO Price Target
The average price target for Rio Tinto Group (RIO) is $93.25 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $82.00. This represents a potential 56.17% upside from RIO's last price of $59.71.
RIO Analyst Ratings
According to 15 Wall Street analysts, Rio Tinto Group's rating consensus is 'Buy'. The analyst rating breakdown for RIO stock is 0 'Strong Buy' (0.00%), 9 'Buy' (60.00%), 4 'Hold' (26.67%), 2 'Sell' (13.33%), 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 |
|---|---|---|---|---|---|---|
| May 22, 2024 | John Eade | Argus Research | $82.00 | $73.48 | 11.59% | 37.33% |
| Aug 23, 2022 | Hayden Bairstow | Macquarie | $100.00 | $61.10 | 63.67% | 67.48% |
| Mar 16, 2022 | Christopher LaFemina | Jefferies | $92.00 | $72.72 | 26.51% | 54.08% |
| Jul 30, 2021 | Sam Webb | Credit Suisse | $99.02 | $75.72 | 30.77% | 65.83% |
The latest Rio Tinto Group stock forecast, released on May 22, 2024 by John Eade from Argus Research, set a price target of $82.00, which represents a 11.59% increase from the stock price at the time of the forecast ($73.48), and a 37.33% increase from RIO last price ($59.71).
Rio Tinto Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $82.00 |
| Last Closing Price | $59.71 | $59.71 | $59.71 |
| Upside/Downside | -100.00% | -100.00% | 37.33% |
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 $59.71. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
Rio Tinto Group's last stock rating was published by Barclays on Aug 08, 2024. The company gave RIO a "Overweight" rating, the same as its previous rate.
Rio Tinto Group Financial Forecast
Rio Tinto Group Revenue Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | - | - |
| Avg Forecast | $27.85B | $27.30B | $27.04B | $27.66B | $28.82B |
| High Forecast | $27.85B | $27.30B | $27.04B | $27.66B | $28.82B |
| Low Forecast | $27.85B | $27.30B | $27.04B | $27.66B | $28.82B |
| # Analysts | - | - | - | - | - |
| 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 | Mar 24 | Dec 23 | |
|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Avg Forecast | $13.43B | $13.17B | $13.04B | $13.34B | $13.90B |
| High Forecast | $13.43B | $13.17B | $13.04B | $13.34B | $13.90B |
| Low Forecast | $13.43B | $13.17B | $13.04B | $13.34B | $13.90B |
| Surprise % | - | - | - | - | - |
undefined analysts predict RIO's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Rio Tinto Group's previous annual EBITDA (undefined) of $NaN.
Rio Tinto Group Net Income Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | |
|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - |
| Net Income | - | - | - | - | - |
| Avg Forecast | $5.42B | $2.52B | $5.70B | $2.57B | $5.97B |
| High Forecast | $5.42B | $2.52B | $5.70B | $2.57B | $5.97B |
| Low Forecast | $5.42B | $2.52B | $5.70B | $2.57B | $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 | Mar 24 | Dec 23 | |
|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - |
| SG&A | - | - | - | - | - |
| Avg Forecast | $3.49B | $3.42B | $3.38B | $3.46B | $3.61B |
| High Forecast | $3.49B | $3.42B | $3.38B | $3.46B | $3.61B |
| Low Forecast | $3.49B | $3.42B | $3.38B | $3.46B | $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 | Mar 24 | Dec 23 | |
|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - |
| EPS | - | - | - | - | - |
| Avg Forecast | $3.32 | $1.54 | $3.49 | $1.58 | $3.66 |
| High Forecast | $3.32 | $1.54 | $3.49 | $1.58 | $3.66 |
| Low Forecast | $3.32 | $1.54 | $3.49 | $1.58 | $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) | $2.24 | $23.02 | 927.68% | Buy |
| VALE | Vale | $10.13 | $19.82 | 95.66% | Buy |
| PLL | Piedmont Lithium | $6.68 | $12.15 | 81.89% | Hold |
| MP | MP Materials | $13.91 | $22.42 | 61.18% | Buy |
| RIO | Rio Tinto Group | $59.71 | $93.25 | 56.17% | Buy |
| BHP | BHP Group | $51.39 | $52.20 | 1.58% | Hold |
| TECK | Teck Resources | $43.49 | $40.31 | -7.31% | Buy |
RIO Forecast FAQ
Is Rio Tinto Group a good buy?
Yes, according to 15 Wall Street analysts, Rio Tinto Group (RIO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 60.00% of RIO's total ratings.
What is RIO's price target?
Rio Tinto Group (RIO) average price target is $93.25 with a range of $82 to $100, implying a 56.17% from its last price of $59.71. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Rio Tinto Group stock go up soon?
According to Wall Street analysts' prediction for RIO stock, the company can go up by 56.17% (from the last price of $59.71 to the average price target of $93.25), up by 67.48% based on the highest stock price target, and up by 37.33% based on the lowest stock price target.
Can Rio Tinto Group stock reach $90?
RIO's average twelve months analyst stock price target of $93.25 supports the claim that Rio Tinto Group can reach $90 in the near future.
What are Rio Tinto Group's analysts' financial forecasts?
Rio Tinto Group's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $28.82B (high $28.82B, low $28.82B), average EBITDA is $13.9B (high $13.9B, low $13.9B), average net income is $5.97B (high $5.97B, low $5.97B), average SG&A $3.61B (high $3.61B, low $3.61B), and average EPS is $3.66 (high $3.66, low $3.66). RIO's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $109.84B (high $109.84B, low $109.84B), average EBITDA is $52.99B (high $52.99B, low $52.99B), average net income is $16.22B (high $16.22B, low $16.22B), average SG&A $13.74B (high $13.74B, low $13.74B), and average EPS is $9.93 (high $9.93, low $9.93).