Erste Group Bank Forecasts Increased Earnings for Rio Tinto

Rio Tinto PLC (NYSE:RIO) – Research analysts at Erste Group Bank upped their FY2026 EPS estimates for Rio Tinto in a research note issued to investors on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings of $8.61 per share for the year, up from their prior forecast of $8.42. The consensus estimate for Rio Tinto’s current full-year earnings is $8.69 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.52 EPS.

A number of other analysts also recently commented on RIO. DZ Bank upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rio Tinto in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Rio Tinto in a research note on Friday, May 15th. Sanford C. Bernstein boosted their target price on Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a report on Monday, April 27th. Finally, Zacks Research downgraded Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rio Tinto currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Stock Performance

Shares of RIO opened at $94.94 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $102.45 and a 200 day moving average price of $94.31. Rio Tinto has a 52-week low of $57.65 and a 52-week high of $112.58.

Institutional Investors Weigh In On Rio Tinto

Institutional investors and hedge funds have recently bought and sold shares of the business. VectorGlobal IAG Inc. bought a new stake in shares of Rio Tinto in the 1st quarter worth approximately $779,000. Ballast Advisors LLC acquired a new stake in Rio Tinto during the first quarter valued at approximately $90,000. Western Wealth Management LLC bought a new stake in Rio Tinto during the first quarter worth approximately $115,000. Empowered Funds LLC boosted its holdings in Rio Tinto by 9.2% during the first quarter. Empowered Funds LLC now owns 10,037 shares of the mining company’s stock worth $936,000 after buying an additional 844 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Rio Tinto by 34.1% in the first quarter. Parallel Advisors LLC now owns 8,612 shares of the mining company’s stock worth $803,000 after buying an additional 2,189 shares during the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Company Profile

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.