Rio Tinto plc with ticker (LON:RIO) now has a potential upside of 17.3% 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 5,113 GBX at opening today (12/10/2023) indicates a potential upside of 17.3%. Trading has ranged between 4,425 (52 week low) and 6,406 (52 week high) with an average of 2,938,532 shares exchanging hands daily. The market capitalisation at the time of writing is £86,761,637,270.
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.
Rio Tinto plc 17.3% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Rio Tinto has named Trudi Charles as Chief Legal Officer, Governance & Corporate Affairs, succeeding Isabelle Deschamps. Charles joins from BP plc and will take up the role on 1 August 2026.
Rio Tinto kept its 2026 production guidance unchanged after reporting higher copper, iron ore and alumina output in the first quarter, despite weather-related disruption to Pilbara shipments and lower bauxite production.
Rio Tinto, the Queensland Government and the Commonwealth Government will invest to keep the Boyne aluminium smelter operating beyond 2029, supporting jobs, renewable energy supply and long-term competitiveness through to at least 2040.
Rio Tinto PLC reported a 9% increase in underlying EBITDA to $25.4 billion for 2025, supported by an 8% rise in copper equivalent production and record iron ore output from Pilbara.
Isabelle Deschamps will depart Rio Tinto in 2026 after serving as Chief Legal, Governance & Corporate Affairs Officer since 2021. The company said she will stay through at least mid-2026 to support leadership transition planning.
Rio Tinto delivered strong fourth quarter and full year 2025 production results, with copper equivalent output up 8% year-on-year.
