Rio2 Future Growth

Future criteria checks 5/6

Rio2 is forecast to grow earnings and revenue by 49.4% and 50% per annum respectively while EPS is expected to grow by 64.4% per annum.

Key information

49.4%

Earnings growth rate

64.37%

EPS growth rate

Metals and Mining earnings growth	16.9%
Revenue growth rate	50.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	09 Jul 2026

Recent future growth updates

Recent updates

New Narrative • Apr 23

Earnings and Revenue Growth Forecasts

TSX:RIO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	630	191	270	338	2
12/31/2027	656	255	300	371	4
12/31/2026	471	152	52	227	3
3/31/2026	66	10	-18	91	N/A
12/31/2025	N/A	-14	-2	88	N/A
9/30/2025	N/A	3	-19	47	N/A
6/30/2025	N/A	1	-40	3	N/A
3/31/2025	N/A	0	-11	9	N/A
12/31/2024	N/A	0	-16	-12	N/A
9/30/2024	N/A	-14	-7	-4	N/A
6/30/2024	N/A	-10	-6	-5	N/A
3/31/2024	N/A	-12	-1	1	N/A
12/31/2023	N/A	-12	0	2	N/A
9/30/2023	N/A	-6	-1	3	N/A
6/30/2023	N/A	-3	-1	9	N/A
3/31/2023	N/A	-1	-21	-3	N/A
12/31/2022	N/A	-2	-35	-4	N/A
9/30/2022	N/A	-7	-37	-6	N/A
6/30/2022	N/A	-10	-38	-12	N/A
3/31/2022	N/A	-10	-25	-7	N/A
12/31/2021	N/A	-11	-15	-9	N/A
9/30/2021	N/A	-11	-16	-11	N/A
6/30/2021	N/A	-12	-16	-11	N/A
3/31/2021	N/A	-11	-16	-12	N/A
12/31/2020	N/A	-9	-13	-9	N/A
9/30/2020	N/A	-8	-10	-6	N/A
6/30/2020	N/A	-8	-9	-7	N/A
3/31/2020	N/A	-7	-8	-6	N/A
12/31/2019	N/A	-8	N/A	-6	N/A
9/30/2019	N/A	-8	N/A	-1	N/A
6/30/2019	N/A	-7	N/A	-5	N/A
3/31/2019	N/A	-7	N/A	-4	N/A
12/31/2018	N/A	-6	N/A	-3	N/A
9/30/2018	N/A	-5	N/A	-9	N/A
6/30/2018	N/A	-5	N/A	-4	N/A
3/31/2018	N/A	-5	N/A	-3	N/A
12/31/2017	N/A	-5	N/A	-3	N/A
9/30/2017	N/A	-3	N/A	-2	N/A
6/30/2017	N/A	-1	N/A	-1	N/A
3/31/2017	N/A	0	N/A	0	N/A
12/31/2016	N/A	0	N/A	0	N/A
9/30/2016	N/A	0	N/A	0	N/A
6/30/2016	N/A	0	N/A	0	N/A
3/31/2016	N/A	0	N/A	0	N/A
12/31/2015	N/A	0	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RIO's forecast earnings growth (49.4% per year) is above the savings rate (3%).

Earnings vs Market: RIO's earnings (49.4% per year) are forecast to grow faster than the Canadian market (10.9% per year).

High Growth Earnings: RIO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RIO's revenue (50% per year) is forecast to grow faster than the Canadian market (4.7% per year).

High Growth Revenue: RIO's revenue (50% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if RIO's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/13 13:33
End of Day Share Price	2026/07/10 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rio2 Limited is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ben Pirie	Atrium Research
null null	Cantor Fitzgerald Canada Corporation
Don DeMarco	National Bank Financial

Rio2 Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 18% to CA$2.77

Price target increased by 38% to CA$1.77

No longer forecast to breakeven

Price target decreased to CA$1.38

Price target increased to CA$1.63

Recent updates

Rio2 Confirms Expanded Resources and Plans Higher Production at Condestable Copper Mine

Rio2 Begins Production at Fenix Gold and Condestable Mines While Addressing Ramp-Up Challenges

Rio2's Future Growth Looks Promising with a Revenue Boost of 41%

Executive Chairman recently sold CA$740k worth of stock

Rio2 Limited, Annual General Meeting, Jun 17, 2026

Rio2 Limited Announces Executive Changes

Independent Director recently sold CA$2.9m worth of stock

New minor risk - Shareholder dilution

Rio2 Limited Announces Gold Pour At Fenix Gold Mine

Executive Chairman exercised options to buy CA$2.4m worth of stock.

Rio2 Limited announced that it has received CAD 13.999986 million in funding

Rio2 Limited has completed a Follow-on Equity Offering.

Rio2 Limited Provides Fenix Gold Mine Third Quarter 2025 Construction Update

Price target increased by 18% to CA$2.77

Independent Director exercised options to buy CA$467k worth of stock.

President exercised options to buy CA$296k worth of stock.

Independent Director recently sold CA$241k worth of stock

New major risk - Financial position

We're Not Worried About Rio2's (CVE:RIO) Cash Burn

Rio2 Limited Provides Fenix Gold Mine Construction Update

Price target increased by 38% to CA$1.77

Here's Why We're Not Too Worried About Rio2's (CVE:RIO) Cash Burn Situation

New major risk - Financial position

Rio2 Limited, Annual General Meeting, Jun 04, 2025

CFO, Executive VP & Corporate Secretary recently bought CA$62k worth of stock

Rio2 Limited Provides Fenix Gold Mine Construction Update

Now 22% overvalued after recent price rise

Independent Director exercised options and sold CA$40b worth of stock

New major risk - Shareholder dilution

Rio2 Limited has completed a Follow-on Equity Offering in the amount of CAD 55.00001 million.

Rio2 Limited has filed a Follow-on Equity Offering in the amount of $40 million.

Rio2 Limited announced that it expects to receive CAD 5 million in funding

Companies Like Rio2 (CVE:RIO) Are In A Position To Invest In Growth

New minor risk - Profitability

Lead Independent Director recently bought CA$100k worth of stock

Rio2 Limited announced that it has received CAD 23.0217 million in funding

Rio2 Limited's Subsidiary Fenix Gold Limitada Receives the Formal Resolucion De Calificacion Ambiental for its Fenix Gold Project Located in the Maricunga Mineral Belt of the Atacama Region, Chile

Rio2 Limited, Annual General Meeting, May 15, 2024

New minor risk - Share price stability

New major risk - Financial position

We're Not Worried About Rio2's (CVE:RIO) Cash Burn

Rio2 Limited Files an Independent Technical Report on the Feasibility Study for the Fenix Gold Project

Rio2 Limited Completes Feasibility Study for the Fenix Gold Project

Rio2 (CVE:RIO) Is In A Good Position To Deliver On Growth Plans

Rio2 Limited, Annual General Meeting, Sep 27, 2023

No longer forecast to breakeven

Rio2 Limited Announces Executive Changes

Insufficient new directors

Rio2 Limited, Annual General Meeting, Dec 14, 2022

Rio2 Limited Provides Update on Environmental Impact Assessment for its Fenix Gold Project in Chile

Price target decreased to CA$1.38

Insufficient new directors

Here's Why We're Watching Rio2's (CVE:RIO) Cash Burn Situation

Executive VP & Chief Strategy Officer recently bought CA$64k worth of stock

Is Rio2 (CVE:RIO) In A Good Position To Deliver On Growth Plans?

CEO, President & Director recently bought CA$341k worth of stock

Price target increased to CA$1.63

Rio2 Limited announced that it has received CAD 6.365372 million in funding from Wheaton Precious Metals Corp.

Rio2 Limited Announces Positive Results obtained from the Run-Of-Mine Heap Leaching Trial for its Fenix Gold Project in Chile

Rio2 Limited Provides an Update Regarding Its Progress Related to Its Fenix Gold Project in Chile

New 90-day low: CA$0.72

Is Rio2 Limited's (CVE:RIO) Shareholder Ownership Skewed Towards Insiders?

New 90-day low: CA$0.77

Rio2 Limited(TSXV:RIO) dropped from S&P/TSX Venture Composite Index

New 90-day high: CA$0.94

How Much Are Rio2 Limited (CVE:RIO) Insiders Spending On Buying Shares?

Rio2 Limited (TSXV:RIO) acquired Compañía Minera Paso San Francisco S.A. from Inversiones Alxar S.A. for $1.5 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts