Rio Tinto Group (RIO) Stock Forecast & Price Target

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GBX 5,222

+14.00 (+0.27%)

(As of 06:00 AM ET)

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Rio Tinto Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 8 Analyst Ratings

Consensus Price Target

GBX 6,326.25

High Forecast	GBX 7,700
Average Forecast	GBX 6,326.25
Low Forecast	GBX 5,500

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	GBX 6,326.25	GBX 6,301.25	GBX 6,262.86	GBX 6,145.83

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RIO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RIO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rio Tinto Group Stock vs. The Competition

Type	Rio Tinto Group	Basic Materials Companies
Consensus Rating Score	2.75	2.61
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	GBX 6,200	+19.67%
6/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral
6/12/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	GBX 5,900	+12.92%
5/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight	GBX 6,000	+7.30%
4/18/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	GBX 6,630 ➝ GBX 6,610	+22.59%
4/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	GBX 7,700	+42.83%
Get the Latest News and Ratings for RIO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Rio Tinto Group and its competitors with MarketBeat's FREE daily newsletter.
2/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	GBX 6,100 ➝ GBX 5,900	+14.12%
8/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 5,550 ➝ GBX 5,500	+10.42%
7/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 7,400 ➝ GBX 6,800	+31.10%
2/22/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Myles Allsop Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 5,000	-17.98%
2/22/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Christopher LaFemina Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 7,500	+23.03%
11/8/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Geydar Mamedov Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		GBX 6,200	+21.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:19 AM ET.

RIO Forecast - Frequently Asked Questions

What is Rio Tinto Group's stock forecast and purchase recommendation?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Rio Tinto Group is GBX 6,326.25, with a high forecast of GBX 7,700 and a low forecast of GBX 5,500. The consensus rating for Rio Tinto Group stock is Moderate Buy based on the current 2 hold ratings and 6 buy ratings for RIO. Learn more on RIO's analyst rating history.
Do Wall Street analysts like Rio Tinto Group more than its competitors?: Analysts like Rio Tinto Group more than other "basic materials" companies. The consensus rating score for Rio Tinto Group is 2.75 while the average consensus rating score for "basic materials" companies is 2.61. Learn more on how RIO compares to other companies.
Does Rio Tinto Group's stock price have much upside?: According to analysts, Rio Tinto Group's stock has a predicted upside of 19.88% based on their 12-month stock forecasts.