Erste Group Bank Predicts Increased Earnings for Rio Tinto

Rio Tinto PLC (NYSE:RIO) – Research analysts at Erste Group Bank lifted their FY2026 earnings per share estimates for Rio Tinto in a research note issued on Friday, June 5th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings per share of $8.42 for the year, up from their previous estimate of $8.04. The consensus estimate for Rio Tinto’s current full-year earnings is $8.62 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.47 EPS.

RIO has been the topic of several other reports. Zacks Research lowered Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Bank of America downgraded Rio Tinto from a “buy” rating to a “neutral” rating in a research report on Friday, May 22nd. Royal Bank Of Canada downgraded Rio Tinto from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, June 3rd. DZ Bank raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Sanford C. Bernstein lifted their price objective on Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Price Performance

Shares of RIO opened at $103.59 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98. Rio Tinto has a 12 month low of $55.64 and a 12 month high of $112.58. The stock’s 50 day moving average is $101.96 and its two-hundred day moving average is $91.91.

Hedge Funds Weigh In On Rio Tinto

Several institutional investors have recently added to or reduced their stakes in the stock. Glen Eagle Advisors LLC increased its position in Rio Tinto by 32.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock valued at $36,000 after acquiring an additional 110 shares during the period. Wealth Quarterback LLC increased its position in Rio Tinto by 1.8% during the 4th quarter. Wealth Quarterback LLC now owns 6,532 shares of the mining company’s stock worth $523,000 after purchasing an additional 118 shares during the period. Americana Partners LLC increased its position in Rio Tinto by 0.8% during the 4th quarter. Americana Partners LLC now owns 16,108 shares of the mining company’s stock worth $1,289,000 after purchasing an additional 120 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in Rio Tinto by 19.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 772 shares of the mining company’s stock worth $62,000 after purchasing an additional 124 shares during the period. Finally, Bailard Inc. increased its position in Rio Tinto by 1.1% during the 4th quarter. Bailard Inc. now owns 12,306 shares of the mining company’s stock worth $985,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

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.