Rio Tinto (NYSE:RIO) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Rio Tinto (NYSE:RIO) from a neutral rating to a buy rating in a report released on Wednesday, MarketBeat reports.

RIO has been the topic of a number of other research reports. Morgan Stanley lowered shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 8th. Royal Bank Of Canada downgraded Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. DZ Bank upgraded Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Citigroup restated a “neutral” rating on shares of Rio Tinto in a research note on Thursday, July 9th. Finally, Zacks Research lowered Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.50.

Rio Tinto Trading Down 0.5%

NYSE RIO opened at $96.71 on Wednesday. Rio Tinto has a 12 month low of $58.40 and a 12 month high of $112.58. The company has a current ratio of 1.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The company’s 50 day simple moving average is $97.54 and its 200 day simple moving average is $96.14.

Rio Tinto Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, August 14th will be paid a dividend of $2.11 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 438.0%.

Institutional Investors Weigh In On Rio Tinto

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of Rio Tinto by 170.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock worth $311,023,000 after buying an additional 2,451,140 shares during the last quarter. Milford Funds Ltd. acquired a new position in shares of Rio Tinto during the 4th quarter worth approximately $93,143,000. Altshuler Shaham Ltd bought a new position in shares of Rio Tinto in the first quarter valued at about $106,724,000. Deutsche Bank AG raised its holdings in Rio Tinto by 102.6% in the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock valued at $177,421,000 after acquiring an additional 1,122,667 shares during the period. Finally, Natixis Advisors LLC increased its stake in shares of Rio Tinto by 144.7% during the fourth quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company’s stock worth $127,039,000 after purchasing an additional 938,687 shares during the period. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Berenberg upgraded Rio Tinto to Buy from Hold and raised its price target to $113 from $107, implying additional upside from recent trading levels. Berenberg Upgrades Rio Tinto to Buy From Hold, Raises Price Target to $113 From $107
• Positive Sentiment: Goldman Sachs also upgraded Rio Tinto to Buy, citing progress in the company’s simplification strategy. The second bullish rating from a major bank may improve sentiment toward the shares. The Goldman Sachs Group Upgrades Rio Tinto to Buy
• Positive Sentiment: Rio Tinto reported strong first-half 2026 results, including $31.0 billion in sales and $6.7 billion in net income. Separate analysis highlighted a 75% increase in free cash flow to $3.8 billion, 43% growth in underlying earnings to $6.9 billion and a $3.4 billion dividend payout. Rio Tinto posts highest H1 earnings in four years on higher commodity prices, production
• Positive Sentiment: The company declared a dividend of $2.11 per share, payable September 24 to shareholders of record August 14. The payout supports Rio Tinto’s income appeal, though investors should account for the approaching ex-dividend date.
• Neutral Sentiment: Rio Tinto’s valuation remains a focus after its strong share-price performance. Analysts described the stock as trading at roughly 11 times forward earnings, below the mining-sector average, while noting that its year-to-date and one-year returns have already been substantial. Where Does Rio Tinto Group Valuation Sit After Half Year 2026 Earnings?
• Negative Sentiment: Erste Group trimmed its FY2026 EPS forecast to $8.34 from $8.45 and its FY2027 forecast to $8.27 from $8.37. Although the estimates remain near consensus, the reductions could limit near-term enthusiasm. Erste Group lowers Rio Tinto earnings estimates

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.