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Rio Tinto Group (RIO) Stock Forecast & Price Target

Rio Tinto Group logo
$60.98 +0.55 (+0.91%)
(As of 11/15/2024 ET)
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Rio Tinto Group - Analysts' Recommendations and Stock Price Forecast (2024)

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 9 Analyst Ratings
Sell
0
Hold
4
Buy
5

Based on 9 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 9 analysts, 4 have given a hold rating, 4 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

TypeCurrent Forecast
11/18/23 to 11/17/24		1 Month Ago
10/19/23 to 10/18/24		3 Months Ago
8/20/23 to 8/19/24		1 Year Ago
11/18/22 to 11/18/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
8 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetN/AN/AN/A$72.00
Forecasted UpsideN/AN/AN/A5.59% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Rio Tinto Group Stock vs. The Competition

TypeRio Tinto GroupBasic Materials CompaniesS&P 500
Consensus Rating Score
2.67
2.76
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted UpsideN/A126.31% Upside9.87% Upside
News Sentiment Rating
Positive News

See Recent RIO News
Neutral News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/16/2024Macquarie
2 of 5 stars		 Reiterated RatingOutperform ➝ Neutral
10/2/2024Berenberg Bank
2 of 5 stars		R. Hatch
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold ➝ Buy
7/31/2024Royal Bank of Canada
4 of 5 stars		K. Peker
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold
7/23/2024Hsbc Global Res
Subscribe to MarketBeat All Access for the recommendation accuracy rating		S. Modi
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeStrong-Buy
7/23/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
5/20/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Neutral
3/5/2024Liberum Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Hold
1/12/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy
12/5/2023BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform
10/24/2023Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight
10/5/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral
9/13/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Overweight
6/28/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$80.00 ➝ $72.00+10.97%
6/5/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
5/26/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight
5/5/2023Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform
3/13/2023CLSA
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:32 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 Saturday, November 2, 2024. Please send any questions or comments about these Rio Tinto Group pros and cons to contact@marketbeat.com.

Rio Tinto Group
Bull Case

green Wall Street bull icon

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

  • Rio Tinto Group's stock price has shown resilience, trading at $63.57 on October 13, 2024, with a 52-week range of $59.35 to $75.09.
  • The company has a diversified portfolio operating in segments such as Iron Ore, Aluminium, Copper, and Minerals, providing exposure to various commodities.
  • Analysts have recently upgraded Rio Tinto Group's ratings, with some issuing strong-buy and buy recommendations, indicating positive sentiment towards the company's future performance.
  • Rio Tinto Group has a history of paying dividends, offering investors a source of passive income through regular dividend payments.
  • The company's global presence in exploring, mining, and processing mineral resources positions it well to benefit from potential growth in the global commodities market.

Rio Tinto Group
Bear Case

red Wall Street bear icon

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

  • The stock has experienced a recent decline of 2.5%, indicating potential volatility in the company's share price.
  • Commodity prices can be cyclical, and fluctuations in prices may impact Rio Tinto Group's revenue and profitability.
  • Environmental and social responsibility concerns have been raised regarding the company's mining operations, which could lead to regulatory challenges and reputational risks.
  • Global economic uncertainties and geopolitical tensions may affect demand for commodities, impacting Rio Tinto Group's financial performance.
  • Investing in mining companies like Rio Tinto Group carries inherent risks related to operational disruptions, regulatory changes, and commodity price fluctuations.

RIO Forecast - Frequently Asked Questions

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last twelve months. There are currently 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 2.67 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 11/17/2024 by MarketBeat.com Staff
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