Rio TintoRIO
RIO
About: Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
Employees: 59,594
0
Funds holding %
of 7,390 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
12% more call options, than puts
Call options by funds: $497M | Put options by funds: $444M
5% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 100
0% more funds holding in top 10
Funds holding in top 10: 11 [Q3] → 11 (+0) [Q4]
0.22% less ownership
Funds ownership: 10.68% [Q3] → 10.46% (-0.22%) [Q4]
5% less repeat investments, than reductions
Existing positions increased: 255 | Existing positions reduced: 269
2% less funds holding
Funds holding: 751 [Q3] → 738 (-13) [Q4]
19% less capital invested
Capital invested by funds: $9.49B [Q3] → $7.72B (-$1.77B) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$73
18%
upside
Avg. target
$73
18%
upside
High target
$73
18%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jefferies Chris LaFemina 61% 1-year accuracy 11 / 18 met price target | 18%upside $73 | Buy Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 28 articles about RIO published over the past 30 days
Positive
Proactive Investors
2 days ago
Rio Tinto one of the top copper picks as Wall Street bank stays bullish on the red metal
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is one of JPMorgan's top picks in the copper sector, as the investment bank doubled down on its bullish outlook for the red metal in 2025. In a fresh research note, analysts said they expect global copper supply to fall short of demand starting next year, with the deficit widening significantly by the end of the decade.
Positive
WSJ
2 days ago
Rio Tinto Has ‘Strong Desire' to Invest More in U.S., Copper Chief Says
The world's second-biggest miner by market value wants to increase its investment in the U.S. after President Trump signed an executive order to streamline permitting processes and boost government financing for minerals projects.
Positive
Zacks Investment Research
3 days ago
Is It Worth Investing in Rio Tinto (RIO) Based on Wall Street's Bullish Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Negative
Proactive Investors
4 days ago
Rio Tinto says activist call to abandon London 'value destructive'
Rio Tinto Ltd's (LSE:RIO, ASX:RIO) board has called for shareholders to vote against a resolution proposed by activist Palliser Capital for the company to give up its London listing. The activist investor last year called for a committee of independent directors and an external shareholder representative to assess whether unification into an Australian-domiciled holding company would be in the best interests of shareholders.
Neutral
Business Wire
4 days ago
ISS Joins Glass Lewis in Recommending Shareholders Vote FOR Palliser's Proposal at Rio Tinto's AGM
LONDON--(BUSINESS WIRE)--Palliser Capital (“Palliser”) today welcomed the endorsement of leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) of its resolution at the Annual General Meeting (AGM) for Rio Tinto Plc (LSE:RIO) on April 3, 2025. This follows Glass Lewis' endorsement on 14 March 2025. ISS notes that the BHP transaction particularly sets “a precedent that is difficult to dismiss”, evidently unconvinced by Rio Tinto's explanation in its recent letter to s.
Neutral
WSJ
4 days ago
Rio Tinto Board Recommends Investors Vote Against Call for Dual-Listing Review
The Anglo-Australian mining giant unanimously recommended that shareholders vote against a resolution by an activist investor calling for an independent review of its dual-listed structure.
Positive
Proactive Investors
5 days ago
Rio Tinto boost as leading investment bank provides its seal of approval
JP Morgan has resumed coverage of Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) with an upbeat assessment of the prospects for the mining major - encapsulated in its 'overweight' stance on the stock and its price target of 5,920p, implying a 20% upside. The investment bank now sees Rio as its top pick among European, Middle Eastern, and African diversified miners, citing strong growth prospects and an attractive valuation.
Neutral
Business Wire
1 week ago
Glass Lewis Endorses Palliser's Proposal for Review of Rio Tinto's DLC Structure
LONDON--(BUSINESS WIRE)--Palliser Capital (“Palliser”) today welcomed Glass Lewis' endorsement of its resolution at the Annual General Meeting (AGM) for Rio Tinto Plc (LSE:RIO) on April 3, 2025. Palliser has been pushing for Rio Tinto to conduct an independent, comprehensive and transparent review of the unification of its dual listed company (DLC) structure into a single Australian-domiciled holding company, arguing that shareholders deserve more than the closed-door internal assessment conduc.
Neutral
Reuters
1 week ago
Workers sign petition for collective bargaining at Rio Tinto's Pilbara mine
Australia's Western Mine Workers Alliance (WMWA) said on Thursday that more than 400 workers at Rio Tinto's Paraburdoo iron ore mine in Pilbara region have signed a petition to support collective bargaining.
Neutral
Business Wire
1 week ago
Rio Tinto and Edify Energy sign landmark solar and battery agreement for Rio Tinto's Gladstone operations
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto and Edify Energy have signed two new solar and battery hybrid services agreements (HSAs) to increase the supply of reliable, competitively priced electricity to Rio Tinto's Gladstone aluminium operations in Queensland. Under the agreements, Rio Tinto will purchase 90% of the power and battery storage capacity generated by the Smoky Creek & Guthrie's Gap Solar Power Stations for 20 years. Edify Energy will build, own, and operate the projects,.
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