Erste Group Bank Boosts Earnings Estimates for Rio Tinto

Rio Tinto PLC (NYSE:RIO) – Erste Group Bank raised their FY2026 earnings estimates for shares of Rio Tinto in a research note issued on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now expects that the mining company will post earnings of $8.48 per share for the year, up from their previous forecast of $8.45. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Rio Tinto’s current full-year earnings is $8.41 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.59 EPS.

A number of other analysts also recently issued reports on RIO. The Goldman Sachs Group raised shares of Rio Tinto from a “neutral” rating to a “buy” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of Rio Tinto in a report on Wednesday, July 15th. Argus upgraded shares of Rio Tinto to a “strong-buy” rating in a research report on Thursday, August 20th. DZ Bank reiterated a “buy” rating on shares of Rio Tinto in a research report on Tuesday, September 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Rio Tinto in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.62.

Rio Tinto Price Performance

RIO opened at $94.37 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $99.02 and a 200 day moving average price of $98.54. Rio Tinto has a 1 year low of $66.49 and a 1 year high of $112.58.

Rio Tinto Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, August 14th were given a $2.11 dividend. The ex-dividend date was Friday, August 14th. This represents a dividend yield of 441.0%.

Institutional Trading of Rio Tinto

Institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC boosted its stake in Rio Tinto by 17.9% during the second quarter. Tidal Investments LLC now owns 115,936 shares of the mining company’s stock worth $11,006,000 after buying an additional 17,597 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Rio Tinto by 43.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 100,630 shares of the mining company’s stock worth $9,403,000 after acquiring an additional 30,373 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Rio Tinto in the 2nd quarter worth $3,957,000. Cidel Asset Management Inc. raised its holdings in shares of Rio Tinto by 101.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 241,718 shares of the mining company’s stock worth $22,946,000 after acquiring an additional 121,537 shares during the period. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Rio Tinto during the 2nd quarter worth $3,364,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Company Profile

Rio Tinto plc is a global mining and metals company that explores for, develops, and operates mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks, and salt. The company supplies raw materials to industries such as construction, manufacturing, transportation, packaging, and renewable energy.

Rio Tinto’s iron ore business is concentrated in Western Australia’s Pilbara region, while its aluminum operations span bauxite mining, alumina refining, and aluminum smelting in several countries.