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 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.
Glencore has confirmed it is in early-stage discussions with Rio Tinto regarding a potential combination of some or all of their businesses, which could include an all-share merger.
Rio Tinto has released initial Mineral Resources and Ore Reserves for seven lithium assets acquired through the Arcadium Lithium purchase.
Rio Tinto has announced several Board changes effective 23 October 2025, marking the end of its transitional phase.
