Loading...
RIO logo

Rio Tinto GroupLSE:RIO Stock Report

Market Cap UK£131.7b
Share Price
UK£76.04
UK£69.66
9.2% overvalued intrinsic discount
1Y74.6%
7D-4.6%
1D
Portfolio Value
View

Rio Tinto Group

LSE:RIO Stock Report

Market Cap: UK£131.7b

RIO Community Fair Values

Create Narrative

See what 390 others think this stock is worth. Follow their fair value or set your own to get alerts.

Rio Tinto Group Competitors

Price History & Performance

Summary of share price highs, lows and changes for Rio Tinto Group
Historical stock prices
Current Share PriceUK£76.04
52 Week HighUK£91.17
52 Week LowUK£41.10
Beta0.65
1 Month Change-1.50%
3 Month Change12.67%
1 Year Change74.58%
3 Year Change48.37%
5 Year Change24.27%
Change since IPO1,497.48%

Recent News & Updates

Narrative Update Jun 04

RIO: Low-Carbon Aluminium And Copper Projects Will Drive Future Upside

Rio Tinto Group's analyst fair value estimate has been adjusted higher from £89.78 to £91.63 as analysts factor in updated assumptions for discount rates, revenue growth, profit margins and future P/E. Recent Street research reflects a mix of higher price targets and rating downgrades based on valuation and macro risk concerns.
Narrative Update May 14

RIO: Copper Outlook And Asset Sales Will Shape Fairly Valued Shares

Analysts have raised the average price target for Rio Tinto Group by about £3 to reflect updated assumptions for fair value, discount rates, revenue growth, profit margins and future P/E, based on recent research that includes several price target increases and a few reductions. Analyst Commentary Recent research paints a mixed but generally constructive picture for Rio Tinto Group, with several bullish analysts lifting price targets in both US$ and GBp, while a handful of large banks have turned more cautious on valuation and commodity risk.
Narrative Update Apr 29

RIO: Cautious Tone Will Persist As Copper And Iron Ore Risks Intensify

Rio Tinto Group’s updated analyst price target reflects a modest uplift of about £0.25 per share, with analysts pointing to refreshed commodity assumptions, slightly higher revenue growth expectations, and updated P/E multiples, partly offset by more conservative margin and discount rate inputs. Analyst Commentary Recent research reflects a split view on Rio Tinto Group, with some firms lifting price targets while several bearish analysts have taken a more cautious stance on valuation, commodity exposure, and near term execution risks.

Recent updates

Narrative Update Jun 04

RIO: Low-Carbon Aluminium And Copper Projects Will Drive Future Upside

Rio Tinto Group's analyst fair value estimate has been adjusted higher from £89.78 to £91.63 as analysts factor in updated assumptions for discount rates, revenue growth, profit margins and future P/E. Recent Street research reflects a mix of higher price targets and rating downgrades based on valuation and macro risk concerns.
Narrative Update May 14

RIO: Copper Outlook And Asset Sales Will Shape Fairly Valued Shares

Analysts have raised the average price target for Rio Tinto Group by about £3 to reflect updated assumptions for fair value, discount rates, revenue growth, profit margins and future P/E, based on recent research that includes several price target increases and a few reductions. Analyst Commentary Recent research paints a mixed but generally constructive picture for Rio Tinto Group, with several bullish analysts lifting price targets in both US$ and GBp, while a handful of large banks have turned more cautious on valuation and commodity risk.
Narrative Update Apr 29

RIO: Cautious Tone Will Persist As Copper And Iron Ore Risks Intensify

Rio Tinto Group’s updated analyst price target reflects a modest uplift of about £0.25 per share, with analysts pointing to refreshed commodity assumptions, slightly higher revenue growth expectations, and updated P/E multiples, partly offset by more conservative margin and discount rate inputs. Analyst Commentary Recent research reflects a split view on Rio Tinto Group, with some firms lifting price targets while several bearish analysts have taken a more cautious stance on valuation, commodity exposure, and near term execution risks.
Narrative Update Apr 14

RIO: Cautious Tone Will Tighten As Copper And Iron Ore Risks Deepen

Analysts have slightly lowered the fair value estimate for Rio Tinto Group to £57.66 from £58.52, reflecting updated price targets that balance higher revenue and margin assumptions with a modestly higher discount rate and P/E expectations highlighted in recent research. Analyst Commentary Recent Street research on Rio Tinto Group reflects a mix of upgraded and downgraded views, with some firms lifting price targets while others trim expectations or move to more neutral stances.
Narrative Update Mar 31

RIO: Cautious Outlook As Copper And Iron Ore Assumptions Turn More Conservative

Analysts have raised the fair value estimate for Rio Tinto Group to £58.52 from £41.00. This change reflects updated views on revenue growth, profit margins and sector valuation following a series of mixed price target revisions and rating downgrades across the Street.
Narrative Update Mar 17

RIO: Ended Glencore Talks Will Refocus On Copper And Asset Sales

Analysts have trimmed the blended price target for Rio Tinto Group by roughly £400 to around £7,200, reflecting updated views on commodity risk, iron ore seasonality and valuation after recent share gains. Analyst Commentary Recent research shows a mixed but generally cautious stance on Rio Tinto, with several firms trimming price targets and shifting ratings toward more neutral positions after a strong share price run.
Narrative Update Mar 03

RIO: Post Glencore Talks And Copper Outlook Will Shape Balanced Risk Profile

Analysts have lifted their fair value estimate for Rio Tinto Group to the equivalent of about £69.66 per share, from £63.89. This reflects updated assumptions on discount rate, revenue growth, margins and future P/E, even as recent Street research shows a mix of reduced and raised price targets in the £5,900 to £8,300 range and a shift toward more Neutral and Equal Weight ratings.
Narrative Update Feb 16

RIO: Ended Glencore Talks And Planned Asset Sales Will Support Upside

Analysts have nudged their fair value estimate for Rio Tinto Group higher to about £84 from roughly £83, citing Street research that includes several recent price target increases and mixed rating changes. These changes balance a slightly higher assumed revenue growth rate with a modestly lower profit margin and a marginally higher future P/E and discount rate.
Narrative Update Feb 02

RIO: Potential Glencore Deal And Asset Sales Will Drive Future Upside

The latest Narrative Update on Rio Tinto Group reflects a higher implied fair value of about $83.33 per share, up from roughly $74.17, as analysts adjust their price targets to account for tweaked discount rates, slightly stronger revenue growth and profit margin assumptions, and a higher future P/E multiple. Analyst Commentary Recent Street research on Rio Tinto Group has been mixed, but there are several clear positives that bullish analysts are highlighting when they adjust their models and targets.
Narrative Update Jan 19

RIO: Megamerger Talks And Critical Mineral Moves Will Shape Medium Term Outlook

Rio Tinto's updated analyst price targets, including recent moves to about £57.00, reflect analysts' use of higher fair value estimates, slightly adjusted discount rates, and refreshed assumptions around revenue, profit margins, and P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets toward about £57.00, which signals more confidence in the underlying fair value they assign to Rio Tinto based on their updated models.
Narrative Update Jan 05

RIO: Higher Commodity Exposure And Asset Sales Will Drive Future Upside

Analyst price targets for Rio Tinto Group have shifted higher overall, with recent moves such as Citi lifting its target to £57.00 from £46.00 and other banks adjusting into the £52.00 to £61.70 range, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent research updates point to a generally constructive tone around Rio Tinto Group, with several bullish analysts adjusting their price targets into a higher £52.00 to £61.70 band.
Narrative Update Dec 17

RIO: Stronger Commodity Pricing And Cost Discipline Will Drive Upside Potential

Rio Tinto Group's analyst price target has been revised higher, with fair value estimates rising from approximately 65.08 to 74.18 as analysts factor in stronger expected revenue growth, wider profit margins, and a more favorable, though slightly higher risk-adjusted, earnings multiple implied by the latest round of target hikes across the Street. Analyst Commentary Recent research updates reflect a constructive tone on Rio Tinto, with a series of price target increases signaling growing confidence in the company’s earnings power and balance of risk and reward.
Narrative Update Dec 03

RIO: Critical Mineral Moves And Board Decisions Will Shape Medium Term Outlook

Rio Tinto Group's analyst price target has edged higher to approximately $57.09 from about $56.84, as analysts broadly lift their expectations on the shares amid a series of upward revisions to U.K. price targets, despite slightly softer long term growth and margin assumptions. Analyst Commentary Recent price target revisions indicate that bullish analysts see further upside for Rio Tinto shares, with multiple upward adjustments across the U.K. coverage universe.
Narrative Update Nov 19

RIO: Upcoming Board Decisions And Mineral Trade Shifts Will Shape Outlook

Rio Tinto Group's analyst price target has been increased from £56.23 to £56.84, as analysts point to improved revenue growth estimates. Recent upward revisions from major firms also support a slightly stronger outlook for the stock.
Narrative Update Nov 03

RIO: Steady Copper And Iron Ore Outlook Will Offset Operational And Governance Risks

Rio Tinto Group’s analyst price target has been adjusted upward from £54.85 to £56.23. This reflects analysts’ expectations for steady fundamentals in light of recent incremental changes in revenue growth and profit margin forecasts.
Narrative Update Oct 20

Energy Transition Will Accelerate Copper And Lithium Expansion Despite Headwinds

Rio Tinto Group's analyst price target has risen to £54.85 from £53.30. This reflects analysts' expectations for improved revenue growth and profit margins, despite ongoing adjustments to market risk assessments.
Narrative Update Oct 05

Energy Transition Will Accelerate Copper And Lithium Expansion Despite Headwinds

Rio Tinto Group's analyst price target has been modestly increased to £53.30 from £52.27, reflecting analysts' expectations for improved revenue growth and profitability, even as caution remains around iron ore market risks. Analyst Commentary Recent analyst updates highlight a mix of confidence and caution surrounding Rio Tinto Group's outlook.
Narrative Update Sep 20

Energy Transition Will Accelerate Copper And Lithium Expansion Despite Headwinds

Analyst price targets for Rio Tinto Group have increased modestly to £52.27 as bullish analysts cited strong operational performance despite iron ore demand concerns and sector headwinds, though target upgrades remain incremental. Analyst Commentary Rising downside risks to iron ore prices, particularly in the near term, have led to more cautious outlooks and downgrades by bearish analysts.
Narrative Update Sep 04

Energy Transition Will Accelerate Copper And Lithium Expansion Despite Headwinds

Analysts have modestly lowered their price target for Rio Tinto Group to £51.49, reflecting increased caution due to downside risks in iron ore prices and muted Chinese stimulus, with earnings estimates trimmed and consensus now factoring a more conservative commodity outlook. Analyst Commentary Bearish analysts flag downside risks to iron ore prices, particularly in the months ahead, impacting Rio Tinto’s earnings outlook.
User avatar
New Narrative Feb 23

Energy Transition Demand Will Aid Copper And Aluminum Prospects Despite Iron Ore Headwinds

Strategic diversification into copper, aluminum, and lithium aligns with global energy trends, potentially boosting future revenue and aligning with decarbonization efforts.

Shareholder Returns

RIOGB Metals and MiningGB Market
7D-4.6%-3.0%-0.7%
1Y74.6%86.2%16.7%

Return vs Industry: RIO underperformed the UK Metals and Mining industry which returned 86.2% over the past year.

Return vs Market: RIO exceeded the UK Market which returned 16.7% over the past year.

Price Volatility

Is RIO's price volatile compared to industry and market?
RIO volatility
RIO Average Weekly Movement4.5%
Metals and Mining Industry Average Movement9.3%
Market Average Movement5.6%
10% most volatile stocks in GB Market11.7%
10% least volatile stocks in GB Market3.2%

Stable Share Price: RIO has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: RIO's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187356,890Simon Trottwww.riotinto.com

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore; Aluminium and lithium; and Copper segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia.

Rio Tinto Group Fundamentals Summary

How do Rio Tinto Group's earnings and revenue compare to its market cap?
RIO fundamental statistics
Market capUK£131.65b
Earnings (TTM)UK£7.47b
Revenue (TTM)UK£43.21b
16.5x
P/E Ratio
2.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RIO income statement (TTM)
RevenueUS$57.64b
Cost of RevenueUS$41.43b
Gross ProfitUS$16.21b
Other ExpensesUS$6.24b
EarningsUS$9.97b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Jul 29, 2026

Earnings per share (EPS)6.13
Gross Margin28.12%
Net Profit Margin17.29%
Debt/Equity Ratio33.1%

How did RIO perform over the long term?

See historical performance and comparison

Dividends

4.0%
Current Dividend Yield
66%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 10:28
End of Day Share Price 2026/06/05 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Rio Tinto Group is covered by 51 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ColemanArgus Research Company
Amos FletcherBarclays
Peter WardBarclays