Brokers Offer Predictions for Rio Tinto FY2026 Earnings

Rio Tinto PLC (NYSE:RIO) – Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for Rio Tinto in a research report issued on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now expects that the mining company will earn $8.61 per share for the year, up from their previous forecast of $8.42. The consensus estimate for Rio Tinto’s current full-year earnings is $8.69 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.52 EPS.

A number of other analysts have also commented on RIO. DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Sanford C. Bernstein lifted their target price on shares of Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Rio Tinto in a report on Wednesday, May 20th. Zacks Research downgraded shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lowered shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.75.

Rio Tinto Trading Up 0.7%

NYSE:RIO opened at $94.94 on Wednesday. The stock has a fifty day simple moving average of $102.45 and a 200 day simple moving average of $94.31. Rio Tinto has a 1-year low of $57.65 and a 1-year high of $112.58. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33.

Institutional Investors Weigh In On Rio Tinto

Several hedge funds have recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Rio Tinto by 21.6% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,126,445 shares of the mining company’s stock worth $74,357,000 after acquiring an additional 199,962 shares during the period. Shrier Wealth Management LLC bought a new stake in Rio Tinto during the fourth quarter valued at about $1,280,000. QSM Asset Management Ltd grew its position in shares of Rio Tinto by 32.1% in the fourth quarter. QSM Asset Management Ltd now owns 230,700 shares of the mining company’s stock valued at $18,463,000 after purchasing an additional 56,000 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Rio Tinto by 16.7% in the fourth quarter. D.A. Davidson & CO. now owns 124,182 shares of the mining company’s stock worth $9,938,000 after purchasing an additional 17,786 shares during the period. Finally, Cinctive Capital Management LP bought a new position in shares of Rio Tinto in the third quarter worth about $4,007,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

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.