Rio Tinto Group (RIO) Stock Forecast & Price Target

$58.64 -0.09 (-0.15%)

(As of 12/20/2024 05:31 PM ET)

Rio Tinto Group - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
4

Buy
4

Based on 8 Wall Street analysts who have issued ratings for Rio Tinto Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 4 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for RIO.

Consensus Price Target

N/A

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RIO Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	10 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	$72.00
Forecasted Upside	N/A	N/A	N/A	-2.48% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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RIO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RIO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rio Tinto Group Stock vs. The Competition

Type	Rio Tinto Group	Basic Materials Companies	S&P 500
Consensus Rating Score	2.63	2.76	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	N/A	139.04% Upside	14.53% Upside
News Sentiment Rating	Neutral News See Recent RIO News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/16/2024	Macquarie 1 of 5 stars		Reiterated Rating	Outperform ➝ Neutral
10/2/2024	Berenberg Bank 2 of 5 stars	R. Hatch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
7/31/2024	Royal Bank of Canada 4 of 5 stars	K. Peker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/23/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Modi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/23/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
5/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
Get the Latest News and Ratings for RIO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Rio Tinto Group and its competitors with MarketBeat's FREE daily newsletter.
3/5/2024	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
1/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
12/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
10/24/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
10/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
9/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
6/28/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$80.00 ➝ $72.00	+10.97%
6/5/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
5/26/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
5/5/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
3/13/2023	CLSA Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:04 AM ET.

Should I Buy Rio Tinto Group Stock? RIO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Rio Tinto Group pros and cons to contact@marketbeat.com.

Rio Tinto Group
Bull Case

Here are some ways that investors could benefit from investing in Rio Tinto Group:

Recent analyst ratings indicate a consensus of "Moderate Buy," with several firms upgrading their ratings, suggesting positive market sentiment towards the stock.
The current stock price is $62.32, which is near its one-year low of $59.35, potentially offering a buying opportunity for investors looking for value.
Institutional ownership stands at 19.33%, indicating confidence from large investors, which can be a positive signal for retail investors.
Rio Tinto Group has demonstrated resilience with a solid financial position, reflected in a current ratio of 1.70 and a low debt-to-equity ratio of 0.23, suggesting good liquidity and manageable debt levels.
Recent increases in holdings by firms like Sound Income Strategies LLC, which raised its stake by 70.9%, indicate growing confidence in the company's future performance.

Rio Tinto Group
Bear Case

Investors should be bearish about investing in Rio Tinto Group for these reasons:

Quantbot Technologies LP reduced its position by 21.0%, which may signal concerns about the stock's future performance.
Rockefeller Capital Management L.P. also sold a significant number of shares (74,526), indicating potential bearish sentiment among institutional investors.
Despite recent upgrades, some analysts maintain a "hold" rating, suggesting that there may be limited upside potential in the near term.
The stock has experienced volatility, with a one-year high of $75.09, indicating that it may be subject to fluctuations that could affect investor returns.
Overall market conditions and economic factors could impact the mining sector, which may pose risks to Rio Tinto Group's performance.

RIO Forecast - Frequently Asked Questions

: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. There are currently 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RIO shares.
: According to analysts, Rio Tinto Group's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Rio Tinto Group's stock had 1 upgrade by analysts.
: Rio Tinto Group has been rated by research analysts at Berenberg Bank, and Macquarie in the past 90 days.
: Analysts like Rio Tinto Group less than other "basic materials" companies. The consensus rating score for Rio Tinto Group is 2.63 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how RIO compares to other companies.

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This page (NYSE:RIO) was last updated on 12/22/2024 by MarketBeat.com Staff

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Rio Tinto Group (RIO) Stock Forecast & Price Target