Rio Tinto plc with ticker (LON:RIO) now has a potential upside of 19.8% 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 5,010 GBX at opening today (20/10/2023) indicates a potential upside of 19.8%. Trading has ranged between 4,425 (52 week low) and 6,406 (52 week high) with an average of 2,923,172 shares exchanging hands daily. The market capitalisation at the time of writing is £84,506,213,760.
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 19.8% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Rio Tinto has announced several Board changes effective 23 October 2025, marking the end of its transitional phase.
Rio Tinto reported strong third quarter output, with back-to-back records in bauxite and Oyu Tolgoi and Pilbara shipments up 6% quarter on quarter. Full year guidance remains unchanged, with bauxite raised to 59–61 Mt, copper on track for the higher end supported by the Oyu Tolgoi ramp-up, and first ore from Simandou loaded for rail in October
Rio Tinto, Mitsui and Nippon Steel will invest $733 million to develop new deposits at the West Angelas hub in Western Australia, securing approvals to sustain 35Mtpa output.
Rio Tinto has named Iron Ore Chief Executive Simon Trott as its new Group CEO, effective 25 August 2025, succeeding Jakob Stausholm.
The two new above-water-table iron ore pits will have a combined total annual production capacity of 31 million tonnes and will sustain production from the Hope Downs Joint Venture into the future.
Rio Tinto Plc announces the upcoming departure of CEO Jakob Stausholm, who has led the company through strategic transformation and growth since 2021.
