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Rio Tinto
(LSE:RIO)
Rio Tinto (RIO) vs. iShares MSCI United Kingdom ETF (EWC)
Rio Tinto Business Overview & Revenue Model
Rio Tinto Earnings Call Summary
Rio Tinto Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.73B | 53.66B | 54.04B | 55.55B | 63.49B | 44.61B |
| Gross Profit | 29.00B | 30.28B | 32.40B | 34.27B | 44.93B | 29.13B |
| EBITDA | 22.31B | 23.16B | 21.08B | 25.54B | 36.13B | 20.32B |
| Net Income | 10.27B | 11.55B | 10.06B | 12.39B | 21.11B | 9.77B |
Balance Sheet | ||||||
| Total Assets | 120.81B | 102.79B | 103.55B | 96.74B | 102.90B | 97.39B |
| Cash, Cash Equivalents and Short-Term Investments | 9.33B | 7.20B | 9.78B | 8.94B | 15.35B | 13.23B |
| Total Debt | 23.64B | 13.86B | 14.35B | 12.27B | 13.53B | 14.02B |
| Total Liabilities | 58.84B | 44.82B | 47.21B | 44.47B | 46.31B | 45.49B |
| Stockholders Equity | 58.20B | 55.25B | 54.59B | 50.17B | 51.43B | 47.05B |
Cash Flow | ||||||
| Free Cash Flow | 5.13B | 5.98B | 8.07B | 9.38B | 17.96B | 9.69B |
| Operating Cash Flow | 15.47B | 15.60B | 15.16B | 16.13B | 25.34B | 15.88B |
| Investing Cash Flow | -17.27B | -9.59B | -6.96B | -6.71B | -7.16B | -6.56B |
| Financing Cash Flow | 1.53B | -7.09B | -5.28B | -15.47B | -15.86B | -7.13B |
Rio Tinto Technical Analysis
Rio Tinto Risk Analysis
Rio Tinto Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £118.16B | 14.39 | 18.43% | 4.75% | -3.50% | -7.04% | |
66 Neutral | £38.42B | -11.10 | -9.21% | 0.80% | -27.65% | -160.77% | |
65 Neutral | £512.11M | 78.38 | 3.23% | ― | -32.18% | -58.29% | |
65 Neutral | £59.84B | -38.96 | -5.26% | 1.89% | -1.06% | -285.88% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | £846.89M | -17.78 | -27.65% | ― | ― | 1.86% | |
56 Neutral | £225.51M | -5.85 | -4.64% | 7.30% | 6.65% | -159.09% |
Rio Tinto Corporate Events
Rio Tinto plc has updated the market on its share capital and voting rights, confirming that as of 30 January 2026 it has 1,256,023,083 ordinary shares in issue, of which 1,547,592 are held in treasury and carry no dividend or voting entitlements. This leaves a total of 1,254,475,491 voting rights, a figure that shareholders and other market participants are expected to use as the denominator when assessing disclosure obligations under UK transparency rules, while the company also reiterated the existence of its special voting share and DLC structure with Rio Tinto Limited, underlining the continued operational and governance integration of its UK and Australian entities.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £7799.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has disclosed share acquisitions by three senior executives under its employee share schemes, in line with market abuse regulations. Chief Financial Officer Peter Cunningham, Chief Executive of Copper Katie Jackson, and Chief Executive of Aluminium & Lithium Jérôme Pécresse each acquired ordinary shares in Rio Tinto plc on 19 January 2026 through the company’s Global Employee Share Plan, with Jackson also receiving shares under the UK Share Plan. The transactions, conducted on the London Stock Exchange at around £63.42 per share, underscore the alignment of top management’s interests with those of shareholders and provide investors with additional transparency on insider dealings as required by regulatory reporting rules.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £7538.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has disclosed routine share dealings by persons discharging managerial responsibilities under its Global Employee Share Plan (myShare) and UK Share Plan, as required under its dual-listed company structure in London and Australia. On 19 January 2026, senior executives Peter Cunningham, Katie Jackson and Jérôme Pécresse acquired small numbers of Rio Tinto plc shares through the myShare plan and received equivalent matching share awards, while Jackson also acquired additional shares under the UK Share Plan with matching shares granted. The transactions, which form part of long-term, share-based employee incentive arrangements with three-year holding periods, underscore Rio Tinto’s use of equity participation to align management and employee interests with shareholders, and were concurrently notified to the London Stock Exchange in line with market abuse regulations.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £7538.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto reported an 8% year-on-year increase in 2025 copper-equivalent production, underpinned by record quarterly iron ore output in the Pilbara, an 11% rise in copper volumes following completion and ramp-up of the Oyu Tolgoi underground mine, and higher bauxite and lithium production. The group met or exceeded its 2025 production guidance across product groups and confirmed its 2026 production targets, including continued growth in Pilbara and Simandou iron ore sales, robust copper guidance and expanding lithium output, while exploration and evaluation spend declined to $795 million as qualifying Rincon lithium project costs were capitalised. Management highlighted the Simandou project’s first shipment, record Argentine lithium output and operational improvements across the aluminium chain as enhancing Rio Tinto’s growth pipeline and diversification just as key commodity markets like copper and aluminium tighten, reinforcing its position in critical raw materials despite mixed conditions in iron ore, alumina and broader macro uncertainty.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £7166.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has confirmed that it is in preliminary talks with Glencore over a potential combination of some or all of their businesses, including the possibility of an all-share merger that would see Rio Tinto acquire Glencore via a UK court-sanctioned scheme of arrangement. While stressing that there is no certainty an offer will be made or what terms it might carry, the company has been given until 5 February 2026 under UK takeover rules to announce a firm intention to bid or to walk away, setting the stage for a potential mega-deal that could reshape the global mining and commodities trading landscape and have significant implications for shareholders and regulators if it proceeds.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £68.85 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has released its key financial calendar for 2026, detailing the timetable for its 2025 final dividend and 2026 interim dividend, including results announcement dates, ex-dividend dates, record dates, and payment dates for shareholders in plc, Limited and ADR formats. The schedule, which also sets deadlines for participation in dividend reinvestment plans and currency election options in GBP, AUD and NZD, provides investors with greater visibility on expected cash returns and capital planning for the year, while the company noted that annual general meeting dates will be confirmed at a later stage.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £68.85 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto plc has confirmed that, as of 31 December 2025, its issued share capital consisted of 1,256,010,314 ordinary shares, of which 1,717,902 are held in treasury and therefore excluded from dividend payments and voting at shareholder meetings, leaving a total of 1,254,292,412 voting rights. The company also reiterated the structure of its dual-listed company arrangement with Rio Tinto Limited, including a Special Voting Share and a DLC Dividend Share that underpin joint voting and economic alignment between UK and Australian shareholders, clarifying the capital and voting framework that investors should use for regulatory disclosure and transparency obligations.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £5800.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced an investor site visit to Argentina to showcase its integrated lithium business and growth prospects. This initiative underscores the company’s commitment to expanding its presence in the lithium sector, which is crucial for the growing demand in electric vehicle batteries and renewable energy storage, potentially strengthening its market position and offering new opportunities for stakeholders.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £6366.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced a notification to the London Stock Exchange regarding the acquisition of shares by Jennifer Nason, a person discharging managerial responsibility, as part of compliance with the EU Market Abuse Regulation. This acquisition reflects the company’s adherence to regulatory requirements and may indicate confidence in the company’s future performance, potentially impacting stakeholder perceptions and market positioning.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced a transaction involving the acquisition of American Depository Receipts (ADR) by Jennifer Nason, a Non-Executive Director of the company. The transaction, which took place on November 28, 2025, involved the purchase of 107 ADRs at a price of $71.905 each on the New York Stock Exchange. This move is part of the company’s ongoing efforts to maintain transparency and compliance with market regulations, as disclosed under article 19 of the Market Abuse Regulation.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto announced a transaction involving its Chief Financial Officer, Peter Cunningham, who acquired shares from the 2022 Bonus Deferral Award under the 2018 Equity Incentive Plan. The transaction included the acquisition of shares in lieu of dividends and the sale of shares to cover tax withholding. This announcement is part of regulatory disclosures under the Market Abuse Regulation, reflecting the company’s compliance and transparency in managerial share dealings.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced the vesting of Bonus Deferral Awards (BDA) for its key management personnel, as part of its 2018 Equity Incentive Plan. The awards, which constitute 50% of annual bonuses, are delivered in the form of deferred shares and vest three years after the performance year. This move is part of Rio Tinto’s strategy to align management interests with shareholder value, potentially impacting the company’s operational focus and stakeholder relations.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced the initial reporting of Mineral Resources and Ore Reserves for seven lithium assets acquired through the purchase of Arcadium Lithium. These assets include four lithium brine deposits in Argentina and three hard rock spodumene deposits in Canada and Australia. This announcement marks a significant step in Rio Tinto’s strategy to strengthen its position in the lithium market, which is increasingly important due to the growing demand for electric vehicles and renewable energy storage solutions. The detailed reporting of these resources underscores Rio Tinto’s commitment to expanding its lithium production capabilities, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £69.50 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced a strategic plan to enhance its operational efficiency and financial performance, aiming to become the most valued metals and mining company. The strategy involves streamlining operations into three core businesses—Iron Ore, Copper, and Aluminium & Lithium—while focusing on operational excellence, project execution, and capital discipline. The company expects significant production growth and productivity benefits, alongside a strategic release of $5-10 billion from existing assets. This plan is expected to strengthen Rio Tinto’s balance sheet, improve shareholder returns, and support its decarbonization efforts, positioning the company for sustainable growth.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £69.50 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced its total voting rights and issued capital as of November 28, 2025, in compliance with the FCA’s Disclosure Guidance and Transparency Rule. The company has 1,256,010,228 ordinary shares, with 1,717,902 held in treasury, resulting in 1,254,292,326 voting rights. This update is crucial for shareholders and stakeholders to determine their notification obligations under FCA rules, reflecting the company’s ongoing commitment to transparency and regulatory compliance.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £4900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced a transaction involving the acquisition of ordinary shares by Ngaire Woods, a Non-Executive Director, as part of a market purchase. This move reflects internal managerial activities and is disclosed under the Market Abuse Regulation, indicating transparency and adherence to regulatory requirements.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £4900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced the acquisition of shares by Ngaire Woods, a person discharging managerial responsibility, as part of its compliance with the EU Market Abuse Regulation. This transaction, reported to both the Australian Securities Exchange and the London Stock Exchange, underscores the company’s commitment to transparency and regulatory compliance, which is crucial for maintaining investor confidence and market integrity.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £4900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.