Brokers Issue Forecasts for Rio Tinto Group’s FY2025 Earnings (NYSE:RIO)

Rio Tinto Group (NYSE:RIOGet Rating) – Analysts at Jefferies Financial Group reduced their FY2025 earnings per share (EPS) estimates for shares of Rio Tinto Group in a report released on Monday, January 16th. Jefferies Financial Group analyst C. Lafemina now anticipates that the mining company will post earnings per share of $9.96 for the year, down from their previous forecast of $10.04. The consensus estimate for Rio Tinto Group’s current full-year earnings is $8.20 per share.

RIO has been the topic of several other research reports. Berenberg Bank raised Rio Tinto Group from a “sell” rating to a “buy” rating in a report on Thursday, January 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Rio Tinto Group from GBX 5,800 ($70.77) to GBX 6,200 ($75.66) in a research report on Tuesday, January 10th. Citigroup lowered Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Thursday, December 1st. Morgan Stanley reduced their price objective on Rio Tinto Group from GBX 6,040 ($73.70) to GBX 5,700 ($69.55) in a research report on Thursday, December 8th. Finally, Barclays upgraded Rio Tinto Group from an “underweight” rating to an “equal weight” rating in a research report on Thursday, January 12th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4,337.50.

Rio Tinto Group Stock Performance

NYSE:RIO opened at $78.38 on Thursday. The business’s 50-day moving average price is $70.62 and its two-hundred day moving average price is $61.82. Rio Tinto Group has a twelve month low of $50.92 and a twelve month high of $84.69. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Rio Tinto Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. ACG Wealth bought a new position in Rio Tinto Group during the 2nd quarter worth approximately $67,000. New Millennium Group LLC purchased a new stake in Rio Tinto Group in the 2nd quarter worth approximately $43,000. WNY Asset Management LLC purchased a new stake in Rio Tinto Group in the 3rd quarter worth approximately $378,000. YorkBridge Wealth Partners LLC lifted its holdings in Rio Tinto Group by 2.9% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 7,100 shares of the mining company’s stock worth $391,000 after buying an additional 203 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Rio Tinto Group by 2.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 57,615 shares of the mining company’s stock worth $3,172,000 after buying an additional 1,595 shares during the period. 10.43% of the stock is currently owned by institutional investors.

Rio Tinto Group Company Profile

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Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

Further Reading

Earnings History and Estimates for Rio Tinto Group (NYSE:RIO)

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