# Rio Tinto plc 23.3% potential upside indicated by Berenberg Bank

- Link: https://www.directorstalkinterviews.com/rio-tinto-plc-23.3-potential-upside-indicated-by-berenberg-bank/4121176219
- Published: 2024-11-04T13:32:19+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 23.3% according to Berenberg Bank.
RIO.LBerenberg 
Bank set a target price of 6,200 GBX for the company, which when compared to the
Rio Tinto plc share price of 5,030 GBX at opening today (04/11/2024) indicates a
potential upside of 23.3%. Trading has ranged between 4,509 (52 week low) and 5,910(
52 week high) with an average of 2,524,791 shares exchanging hands daily. The market
capitalisation at the time of writing is £85,807,161,630.Rio Tinto plc is a United
Kingdom-based mining and metals company. The Company operates in 35 countries where
it produces iron ore, copper, aluminum, critical minerals and other materials needed
for the global energy transition. Its segments include Iron Ore, Aluminum, Copper,
and Minerals. Iron Ore segment is engaged in mining and salt and gypsum production
in Western Australia. Aluminum segment is engaged in bauxite mining, alumina refining,
and aluminum smelting. Copper segment is engaged in mining and refining of copper,
gold, silver, molybdenum, other by-products and exploration activities which is 
the responsibility of the Copper product Company chief executive. Minerals segment
includes businesses with products such as borates, titanium dioxide feedstock together
with the iron ore company of Canada (iron ore mining and iron concentrate/pellet
production). It also includes diamond mining, sorting and marketing and development
projects for battery minerals, such as lithium.

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