Brokerages Set Rio Tinto PLC (NYSE:RIO) PT at $101.75

Rio Tinto PLC (NYSE:RIO) has been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $101.75.

Several analysts recently commented on RIO shares. DZ Bank raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rio Tinto in a research note on Wednesday, May 20th. Zacks Research cut Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Bank of America cut Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Finally, Sanford C. Bernstein boosted their target price on shares of Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research note on Monday, April 27th.

Key Stories Impacting Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Rio Tinto reported record iron ore shipments, with Pilbara operations delivering an 18% sequential increase in Q2 shipments and first-half output reaching its highest level since 2018. That kind of production strength is usually supportive for earnings and sentiment. Rio Tinto (LSE:RIO) Delivers Record Iron Ore Shipments And Cuts 2026 Copper Costs
• Positive Sentiment: The company also lowered 2026 copper cost guidance after productivity improvements, which may boost margins if those efficiencies hold. Rio said strong performance at Oyu Tolgoi helped offset a temporary Kennecott shutdown. Rio Tinto (LSE:RIO) Delivers Record Iron Ore Shipments And Cuts 2026 Copper Costs
• Neutral Sentiment: Rio Tinto is being mentioned as a potential buyer of a stake in First Quantum’s Argentina Taca Taca project, but this is only a preliminary M&A possibility and not yet a confirmed transaction. First Quantum considers sale of stake in Argentina’s Taca Taca project
• Neutral Sentiment: Analyst commentary remains mixed, with some coverage calling Rio Tinto’s second quarter solid but suggesting limited upside from here, which may temper enthusiasm despite the operational beat. Rio Tinto: Solid Q2, But Limited Upside Supports A Neutral View
• Negative Sentiment: Bradda Head Lithium raised capital to fund drilling tied to its Rio Tinto joint venture, which is a reminder that Rio-linked project activity continues but does not directly add near-term value to Rio Tinto shares. Bradda Head raises £2.12 million to fund Rio Tinto joint venture drilling

Hedge Funds Weigh In On Rio Tinto

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of Rio Tinto by 2.7% during the fourth quarter. Fisher Asset Management LLC now owns 19,642,744 shares of the mining company’s stock worth $1,572,009,000 after buying an additional 522,576 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Rio Tinto by 170.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock worth $311,023,000 after acquiring an additional 2,451,140 shares in the last quarter. Bank of America Corp DE grew its position in Rio Tinto by 6.6% during the 1st quarter. Bank of America Corp DE now owns 3,623,294 shares of the mining company’s stock worth $338,017,000 after acquiring an additional 225,016 shares during the last quarter. Bank of Montreal Can grew its position in Rio Tinto by 8.6% during the 4th quarter. Bank of Montreal Can now owns 2,221,469 shares of the mining company’s stock worth $177,784,000 after acquiring an additional 175,833 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Rio Tinto by 102.6% during the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock valued at $177,421,000 after purchasing an additional 1,122,667 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Stock Up 0.0%

NYSE RIO opened at $90.17 on Friday. Rio Tinto has a 1-year low of $58.40 and a 1-year high of $112.58. The stock’s 50 day moving average is $100.20 and its two-hundred day moving average is $95.51. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Rio Tinto Company Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.