Rio Tinto PLC has a consensus price target of $71 based on the ratings of 11 analysts. The high is $71 issued by Jefferies on October 20, 2021. The low is $71 issued by Jefferies on October 20, 2021. The 2 most-recent analyst ratings were released by Jefferies on March 9, 2022 and October 20, 2021, respectively. With an average price target of $81.5 between Jefferies, there's an implied 29.39% upside for Rio Tinto PLC from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Rio Tinto (NYSE:RIO) was reported by HSBC on July 23, 2024. The analyst firm set a price target for $0.00 expecting RIO to fall to within 12 months (a possible -100.00% downside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Rio Tinto (NYSE:RIO) was provided by HSBC, and Rio Tinto upgraded their buy rating.
The last upgrade for Rio Tinto PLC happened on July 23, 2024 when HSBC raised their price target to N/A. HSBC previously had a hold for Rio Tinto PLC.
The last downgrade for Rio Tinto PLC happened on June 27, 2024 when Berenberg changed their price target from N/A to N/A for Rio Tinto PLC.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rio Tinto, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Rio Tinto was filed on July 23, 2024 so you should expect the next rating to be made available sometime around July 23, 2025.
While ratings are subjective and will change, the latest Rio Tinto (RIO) rating was a upgraded with a price target of $0.00 to $0.00. The current price Rio Tinto (RIO) is trading at is $62.99, which is out of the analyst’s predicted range.
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