Rio Tinto (NYSE:RIO) Stock Rating Upgraded by Berenberg Bank

Rio Tinto (NYSE:RIO) was upgraded by stock analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a report issued on Thursday, Marketbeat Ratings reports.

Other equities research analysts have also recently issued reports about the stock. DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Argus set a $120.00 target price on Rio Tinto in a research report on Monday, April 27th. Sanford C. Bernstein upped 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. Bank of America cut Rio Tinto from a “buy” rating to a “neutral” rating in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada downgraded Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $105.50.

Rio Tinto Stock Up 4.0%

RIO traded up $3.79 during trading hours on Thursday, hitting $97.45. 389,056 shares of the company’s stock were exchanged, compared to its average volume of 3,208,315. Rio Tinto has a 1-year low of $58.40 and a 1-year high of $112.58. The stock’s 50-day moving average is $97.84 and its two-hundred day moving average is $96.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44.

Institutional Trading of Rio Tinto

Several institutional investors and hedge funds have recently bought and sold shares of RIO. Glen Eagle Advisors LLC lifted its position in shares of Rio Tinto by 32.2% in the fourth quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock valued at $36,000 after buying an additional 110 shares during the last quarter. Trust Point Inc. increased its holdings in shares of Rio Tinto by 2.0% during the 2nd quarter. Trust Point Inc. now owns 5,989 shares of the mining company’s stock worth $569,000 after acquiring an additional 118 shares during the last quarter. Americana Partners LLC raised its stake in Rio Tinto by 0.8% in the 4th quarter. Americana Partners LLC now owns 16,108 shares of the mining company’s stock valued at $1,289,000 after acquiring an additional 120 shares during the period. Walker Asset Management LLC raised its stake in Rio Tinto by 2.5% in the 2nd quarter. Walker Asset Management LLC now owns 4,866 shares of the mining company’s stock valued at $462,000 after acquiring an additional 120 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Rio Tinto by 19.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 772 shares of the mining company’s stock valued at $62,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Key Stories Impacting Rio Tinto

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

• Positive Sentiment: Strong first-half performance: Rio Tinto reported its highest first-half earnings in four years, with profit rising about 47% on higher commodity prices and production. Underlying EBITDA increased 28%, while free cash flow surged 75% to $3.8 billion. Rio Tinto’s First-Half Profit Rises 47%, Raises Interim Dividend
• Positive Sentiment: Higher shareholder returns: The company raised its interim dividend by 43% to $2.11 per share, supported by stronger earnings and cash flow. The results also reinforce management’s plan to invest in growth while returning capital to shareholders. Rio Tinto: Step-change in performance delivering higher shareholder returns
• Positive Sentiment: Greater exposure to growth commodities: Copper and aluminum accounted for 57% of total EBITDA, with copper EBITDA up 84% and aluminum EBITDA up 38%. Management cited strong demand from artificial-intelligence data centers, helping reduce Rio Tinto’s reliance on iron ore. Rio Tinto: Excellent Q2 Results, Undervalued Based On Its Potential
• Positive Sentiment: Analyst upgrade: Goldman Sachs upgraded Rio Tinto from “neutral” to “buy,” citing accelerating portfolio simplification and improved growth prospects. Rio Tinto raised to Buy at Goldman
• Negative Sentiment: Lower earnings estimates: Erste Group Bank cut its FY2026 EPS forecast to $8.34 from $8.45 and its FY2027 forecast to $8.27 from $8.37. Both estimates are below or near the $8.37 consensus, signaling some caution about future earnings momentum.
• Neutral Sentiment: Despite the positive earnings reaction, Rio Tinto continues to face safety and operational challenges, while commodity prices remain an important swing factor for future results. Rio Tinto PLC Half Year 2026 Earnings Call Highlights

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.