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The latest announcement is out from Rio Tinto Limited ( (AU:RIO) ).
Rio Tinto has announced the upcoming departure of its Chief Executive, Jakob Stausholm, who will step down later this year following a succession process. Under Stausholm’s leadership, the company has realigned its strategy to focus on energy transition opportunities, restored stakeholder trust, and set a path for profitable growth. The company is now in the process of selecting a new leader to continue enhancing operational performance and maximizing asset potential, maintaining its strategic priorities.
The most recent analyst rating on (AU:RIO) stock is a Buy with a A$120.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
More about Rio Tinto Limited
Rio Tinto is a leading global mining and materials company, primarily engaged in the extraction and production of minerals and metals. The company focuses on commodities with strong demand growth, aligning its portfolio to capitalize on the energy transition and sustainable growth opportunities.
Average Trading Volume: 1,508,476
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$166.5B
For an in-depth examination of RIO stock, go to TipRanks’ Stock Analysis page.