Erste Group Bank Lowers Earnings Estimates for Rio Tinto

Rio Tinto PLC (NYSE:RIO) – Stock analysts at Erste Group Bank reduced their FY2026 earnings per share estimates for Rio Tinto in a report issued on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now expects that the mining company will earn $8.45 per share for the year, down from their previous estimate of $8.61. The consensus estimate for Rio Tinto’s current full-year earnings is $8.48 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.37 EPS.

RIO has been the subject of several other research reports. DZ Bank upgraded Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Citigroup restated a “neutral” rating on shares of Rio Tinto in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. Royal Bank Of Canada lowered shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, June 3rd. Finally, Bank of America downgraded shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rio Tinto currently has an average rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Stock Down 1.1%

Shares of RIO opened at $89.12 on Monday. The stock’s fifty day moving average price is $99.82 and its two-hundred day moving average price is $95.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. Rio Tinto has a 1 year low of $58.40 and a 1 year high of $112.58.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Rio Tinto in the first quarter worth $84,000. AQR Capital Management LLC grew its position in Rio Tinto by 78.4% during the first quarter. AQR Capital Management LLC now owns 12,087 shares of the mining company’s stock worth $726,000 after buying an additional 5,310 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rio Tinto by 20.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,485 shares of the mining company’s stock worth $690,000 after acquiring an additional 1,968 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Rio Tinto by 5.8% in the 1st quarter. Empowered Funds LLC now owns 5,280 shares of the mining company’s stock valued at $317,000 after acquiring an additional 288 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Rio Tinto by 16.7% in the 1st quarter. Focus Partners Wealth now owns 15,985 shares of the mining company’s stock valued at $962,000 after acquiring an additional 2,285 shares in the last quarter. 19.33% of the stock is owned by institutional investors.

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.