Rio2 Future Growth

Future criteria checks 3/6

Rio2 is forecast to grow earnings and revenue by 78.2% and 107.2% per annum respectively while EPS is expected to grow by 82% per annum.

Key information

78.2%

Earnings growth rate

82.0%

EPS growth rate

Metals and Mining earnings growth	28.5%
Revenue growth rate	107.2%
Future return on equity	n/a
Analyst coverage	Low
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

TSXV:RIO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	136	25	33	33	1
12/31/2025	N/A	-11	-92	-8	1
12/31/2024	N/A	-7	-37	-4	2
12/31/2023	N/A	-12	-2	0	N/A
9/30/2023	N/A	-6	-1	3	N/A
6/30/2023	N/A	-3	-3	6	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	-9	-6	N/A
9/30/2019	N/A	-8	-4	-1	N/A
6/30/2019	N/A	-7	-8	-5	N/A
3/31/2019	N/A	-7	-7	-4	N/A
12/31/2018	N/A	-6	-5	-3	N/A
9/30/2018	N/A	-5	-10	-9	N/A
6/30/2018	N/A	-5	-4	-4	N/A
3/31/2018	N/A	-5	-3	-3	N/A
12/31/2017	N/A	-5	-3	-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
9/30/2015	N/A	0	N/A	0	N/A
6/30/2015	N/A	0	N/A	0	N/A
3/31/2015	N/A	0	N/A	0	N/A
12/31/2014	N/A	0	N/A	0	N/A
9/30/2014	N/A	0	N/A	0	N/A
6/30/2014	N/A	0	N/A	0	N/A
3/31/2014	N/A	0	N/A	0	N/A
12/31/2013	N/A	0	N/A	0	N/A
9/30/2013	N/A	0	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RIO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).

Earnings vs Market: RIO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RIO is expected to become profitable in the next 3 years.

Revenue vs Market: RIO is forecast to have no revenue next year.

High Growth Revenue: RIO is forecast to have no revenue next 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

Rio2 Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

No longer forecast to breakeven

Price target decreased to CA$1.38

Price target increased to CA$1.63

Recent updates

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

Rio2 Limited and Sixth Wave Innovations Inc. Announce Commencement of Second Phase IXOS Test Work at Fenix Gold Project

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?

New 90-day high - CA$0.93

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

New 90-day high - CA$0.84

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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