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Rio Tinto Limited
(Sydney:RIO)
Rio Tinto Limited (RIO) vs. iShares MSCI Australia ETF (EWA)
Rio Tinto Limited Business Overview & Revenue Model
Rio Tinto Limited Earnings Call Summary
Rio Tinto Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 53.66B | 54.04B | 55.55B | 63.49B | 44.61B |
| Gross Profit | 30.28B | 17.30B | 21.30B | 31.34B | 18.70B |
| EBITDA | 23.16B | 21.08B | 22.35B | 33.60B | 21.51B |
| Net Income | 11.55B | 10.06B | 12.42B | 21.09B | 9.77B |
Balance Sheet | |||||
| Total Assets | 102.79B | 103.55B | 96.74B | 102.90B | 97.39B |
| Cash, Cash Equivalents and Short-Term Investments | 7.20B | 9.78B | 8.91B | 15.29B | 13.06B |
| Total Debt | 13.86B | 14.35B | 12.27B | 13.53B | 13.83B |
| Total Liabilities | 44.82B | 47.21B | 44.47B | 46.31B | 45.49B |
| Stockholders Equity | 55.25B | 54.59B | 50.17B | 51.43B | 47.05B |
Cash Flow | |||||
| Free Cash Flow | 5.98B | 8.07B | 9.38B | 17.96B | 9.69B |
| Operating Cash Flow | 15.60B | 15.16B | 16.13B | 25.34B | 15.88B |
| Investing Cash Flow | -9.59B | -6.96B | -6.71B | -7.16B | -6.56B |
| Financing Cash Flow | -7.09B | -5.28B | -15.47B | -15.86B | -7.13B |
Rio Tinto Limited Technical Analysis
Rio Tinto Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $164.18B | 11.02 | 21.04% | 0.05% | -0.10% | 15.50% | |
75 Outperform | $56.47B | 9.54 | 20.21% | 0.45% | -11.33% | -32.11% | |
74 Outperform | $211.11B | 12.21 | 26.20% | 0.12% | -2.47% | 57.01% | |
63 Neutral | $10.55B | 10.83 | 1.51% | 2.68% | 2.24% | -33.79% | |
62 Neutral | $4.06B | 1,418.92 | -36.53% | 6.90% | -28.50% | -532.61% | |
58 Neutral | $6.26B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
54 Neutral | £14.01B | 62.15 | -3.53% | 0.90% | -19.74% | ― |
Rio Tinto Limited Corporate Events
Rio Tinto Limited has announced the issuance of 219,222 share rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize employees and align their interests with the company’s long-term goals, potentially impacting its operational efficiency and stakeholder engagement.
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.
Rio Tinto Limited has announced updates regarding its Global Employee Share Plan (myShare) and UK Share Plan (UKSP), which allow employees to purchase company shares with matching shares awarded based on specific conditions. On 18 July 2025, several key management personnel received vested matching shares under myShare, some of which were sold to cover taxes and deductions. Additionally, on 17 July 2025, key personnel acquired shares under both myShare and UKSP, reflecting the company’s commitment to employee investment and engagement. These plans are part of Rio Tinto’s strategy to align employee interests with company performance, potentially enhancing stakeholder value and employee retention.
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.
The Vanguard Group has become a substantial holder in Rio Tinto Limited, with a 5.001% voting power as of July 15, 2025. This development signifies a significant investment by Vanguard, potentially impacting Rio Tinto’s shareholder dynamics and reflecting confidence in the company’s market position and future prospects.
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.
Rio Tinto has reported a 13% year-on-year increase in copper equivalent production for the second quarter of 2025, driven by strong performance in its copper business and contributions from the Arcadium acquisition. The company achieved record production levels in its bauxite operations and significant progress in its Pilbara iron ore and Simandou projects. Rio Tinto’s strategic focus on growth and diversification is evident in its efforts to ramp up the Oyu Tolgoi copper mine and establish a world-class lithium business. The company’s operational success is expected to positively impact its market positioning and stakeholder value.
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.
Rio Tinto has announced the appointment of Simon Trott as the new Chief Executive, effective August 25, 2025, succeeding Jakob Stausholm. Trott, who has been instrumental in enhancing the Iron Ore division’s performance and stakeholder relationships, is expected to lead the company into its next phase of growth, focusing on operational performance and value creation for shareholders.
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.
Rio Tinto Limited has announced the issuance of 2,054 share rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move reflects the company’s ongoing efforts to incentivize its workforce, potentially impacting employee engagement and retention positively, while aligning their interests with the company’s long-term goals.
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.
Rio Tinto Limited has announced a change in the director’s interest notice involving Susan Lloyd-Hurwitz. The notice details her indirect acquisition of 384 ordinary shares in the company through an on-market trade, increasing her total holdings to 2,458 shares. This development reflects ongoing changes in the company’s leadership shareholdings, which may influence stakeholder perceptions and the company’s governance dynamics.
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.
Rio Tinto and Hancock Prospecting have announced a $1.6 billion investment to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region, with Rio Tinto contributing $0.8 billion. The project, which has received all necessary government approvals, will include two new iron ore pits with a combined annual production capacity of 31 million tonnes. This development is part of Rio Tinto’s strategy to sustain Pilbara production, supporting local jobs and economies. The project will create over 950 construction jobs and sustain around 1000 full-time roles once operational, with first ore expected in 2027. Rio Tinto is also engaging with local Indigenous groups and government stakeholders to manage heritage and environmental concerns responsibly.
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.
Rio Tinto plc has notified the London Stock Exchange of share dealings by key management personnel in compliance with the EU Market Abuse Regulation. Joc O’Rourke, a person discharging managerial responsibility, acquired 3,000 American Depository Receipts of Rio Tinto plc on the New York Stock Exchange, highlighting the company’s adherence to regulatory requirements and transparency in its operations.
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.
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.
Rio Tinto has announced the allocation of Free Shares to key management personnel under the UK Share Plan, a program allowing UK employees to purchase shares and receive matching shares. This move underscores Rio Tinto’s commitment to employee engagement and aligns management interests with shareholder value, potentially enhancing company performance and stakeholder confidence.
Rio Tinto has announced that its key management personnel have acquired shares in Rio Tinto plc through the company’s dividend reinvestment plan. This move, reported to both the Australian Securities Exchange and the London Stock Exchange, reflects the company’s ongoing efforts to engage its stakeholders and enhance shareholder value by offering opportunities to reinvest dividends into company shares.
Rio Tinto Limited held its annual general meetings in London and Perth, where all resolutions were passed except for a proposal to unify its dual-listed company structure. The board had previously reviewed the structure and concluded that unification would lead to substantial tax costs and other financial implications. A significant majority of shareholders supported the board’s recommendation to maintain the current structure, emphasizing the importance of focusing on long-term strategic goals.
Rio Tinto Limited announced the cessation of Sam Laidlaw as a director effective May 1, 2025, as per the Final Director’s Interest Notice submitted to the ASX. This change in the board may influence the company’s strategic direction and governance, impacting stakeholders and potentially affecting its market positioning.
Rio Tinto’s annual general meetings in London and Perth addressed several resolutions, including a significant proposal to review the company’s dual-listed company (DLC) structure. The board recommended against this Requisitioned Resolution, citing potential financial and operational drawbacks, and the majority of shareholders voted in alignment with the board’s stance. The decision underscores Rio Tinto’s commitment to maintaining its current corporate structure, which is believed to optimize shareholder returns and market access, despite some shareholder support for the review.
Rio Tinto Limited’s Chief Executive, Jakob Stausholm, highlighted the company’s strategic advancements and operational achievements during the 2025 Annual General Meeting. The acquisition of Arcadium Lithium marks a significant step in expanding their lithium business, aligning with the growing demand for this commodity. The company is also making substantial progress in major projects like the Simandou iron ore mine in Guinea and the Oyu Tolgoi copper mine in Mongolia. Additionally, Rio Tinto is committed to enhancing its ESG performance, stabilizing existing assets, and fostering strong relationships with local communities and suppliers, particularly in Western Australia.
At the 2025 Annual General Meeting, Rio Tinto’s Chair, Dominic Barton, highlighted the company’s commitment to safety following recent tragic incidents. The meeting also marked a transition in board leadership, with several directors stepping down and new appointments being announced. The company reported strong financial performance in 2024, with increased sales volumes and cash flow, and a significant dividend payout. Rio Tinto is on track for production growth, driven by major projects like Oyu Tolgoi and Rincon, and is focused on expanding its lithium business to support sustainable practices.
The Vanguard Group has become a substantial holder in Rio Tinto Limited, with a 5.001% voting power as of April 24, 2025. This development indicates a significant investment by Vanguard, potentially impacting Rio Tinto’s shareholder dynamics and reflecting confidence in the company’s market position.
Rio Tinto Limited has announced the issuance of 211,832 unquoted securities under an employee incentive scheme, which are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted. This move is part of the company’s strategy to incentivize employees, potentially impacting its operational efficiency and aligning employee interests with company performance, which could have positive implications for stakeholders.
JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in Rio Tinto Limited, a major player in the mining industry known for its production of essential minerals and metals. This change in substantial holding, effective as of April 22, 2025, involves various transactions and adjustments in securities holdings by JPMorgan’s subsidiaries, impacting their voting interests in the company.
Rio Tinto has announced updates regarding its Global Employee Share Plan (myShare) and UK Share Plan (UKSP), which allow employees to purchase company shares and receive matching shares. Recent transactions involved key management personnel acquiring and vesting shares, with some shares sold to cover taxes. These plans are part of Rio Tinto’s strategy to align employee interests with company performance, potentially impacting employee engagement and retention.