Rio Tinto plc with ticker (LON:RIO) now has a potential upside of 23.9% according to Berenberg Bank.
RIO.L
Berenberg Bank set a target price of 6,200 GBX for the company, which when compared to the Rio Tinto plc share price of 5,005 GBX at opening today (21/10/2024) indicates a potential upside of 23.9%. Trading has ranged between 4,509 (52 week low) and 5,910 (52 week high) with an average of 2,985,530 shares exchanging hands daily. The market capitalisation at the time of writing is £84,914,252,120.
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.
Rio Tinto plc 23.9% 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.
