# Rio Tinto plc 15.1% potential upside indicated by Berenberg Bank

- Link: https://www.directorstalkinterviews.com/rio-tinto-plc-15.1-potential-upside-indicated-by-berenberg-bank/4121132493
- Published: 2023-11-09T12:31:10+00:00
- Author: Charlotte Edwards

**[Rio Tinto plc](https://www.directorstalkinterviews.com/ftse-company/rio-tinto-plc/rio.l)**
with ticker ([LON:RIO](https://www.directorstalkinterviews.com/ftse-company/rio-tinto-plc/rio.l))
now has a potential upside of 15.1% according to Berenberg Bank.
Berenberg Bank 
set a target price of 6,000 GBX for the company, which when compared to the Rio 
Tinto plc share price of 5,213 GBX at opening today (09/11/2023) indicates a potential
upside of 15.1%. Trading has ranged between 4,510 (52 week low) and 6,406 (52 week
high) with an average of 2,327,637 shares exchanging hands daily. The market capitalisation
at the time of writing is £89,904,359,580.Rio Tinto plc is a United Kingdom-based
mining and metals company. The Company is principally engaged in the production 
of materials essential to human progress. The Company’s segments include Iron Ore,
Aluminium, Copper and Minerals. The Company operates an integrated portfolio of 
Iron Ore assets, which includes a network of 17 mines, four independent port terminals,
and a rail network spanning approximately 2,000 kilometers. The Aluminium business
includes bauxite mines, alumina refineries and aluminum smelters. Its bauxite mines
are located in Australia, Brazil and Guinea. The Copper segment is engaged in mining
and refining copper, gold, silver, molybdenum and other by-products; exploration
activities together with the Simandou iron ore project. The Minerals segment includes
businesses with products, such as borates, titanium dioxide feedstock together with
the Iron Ore Company of Canada. Its business also includes diamond mining, sorting
and marketing, and lithium exploration.

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