Erste Group Bank Cuts Earnings Estimates for Rio Tinto

Rio Tinto PLC (NYSE:RIO) – Research analysts at Erste Group Bank cut their FY2026 earnings per share (EPS) estimates for Rio Tinto in a research note issued on Tuesday, May 12th. Erste Group Bank analyst S. Lingnau now expects that the mining company will post earnings of $8.04 per share for the year, down from their previous forecast of $8.35. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Rio Tinto’s current full-year earnings is $8.56 per share.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Rio Tinto in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rio Tinto in a research report on Friday. Sanford C. Bernstein lifted their price target on 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 upgraded shares of Rio Tinto from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, HSBC downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Rio Tinto has a consensus rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Trading Down 2.4%

RIO opened at $100.89 on Wednesday. Rio Tinto has a 52 week low of $55.64 and a 52 week high of $112.58. The business’s 50 day moving average is $96.36 and its two-hundred day moving average is $87.75. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RIO. Caprock Group LLC purchased a new stake in shares of Rio Tinto in the third quarter valued at approximately $1,416,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Rio Tinto by 21.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,126,445 shares of the mining company’s stock valued at $74,357,000 after buying an additional 199,962 shares in the last quarter. Shrier Wealth Management LLC purchased a new stake in shares of Rio Tinto in the fourth quarter valued at approximately $1,280,000. Fisher Asset Management LLC boosted its stake in shares of Rio Tinto by 3.0% in the third quarter. Fisher Asset Management LLC now owns 19,120,168 shares of the mining company’s stock valued at $1,262,122,000 after buying an additional 557,234 shares in the last quarter. Finally, Commons Capital LLC purchased a new stake in shares of Rio Tinto in the third quarter valued at approximately $1,980,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, April 16th. Stockholders of record on Friday, March 6th were issued a $2.54 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a dividend yield of 564.0%.

About Rio Tinto

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.