Rio Tinto plc with ticker (LON:RIO) now has a potential upside of 26.7% according to Jefferies.
RIO.L
Jefferies set a target price of 6,400 GBX for the company, which when compared to the Rio Tinto plc share price of 5,050 GBX at opening today (11/12/2024) indicates a potential upside of 26.7%. Trading has ranged between 4,509 (52 week low) and 5,910 (52 week high) with an average of 2,364,445 shares exchanging hands daily. The market capitalisation at the time of writing is £85,597,771,120.
Rio Tinto plc is a United Kingdom-based mining and metals company. It operates in 35 countries and its portfolio includes iron ore, copper, aluminum and a range of other minerals and materials. Its segments include Iron Ore, Aluminum, Copper, and Minerals. Iron Ore segment includes iron ore mining and salt and gypsum production in Western Australia. Its iron ore operations in the Pilbara comprise an integrated network of over 17 iron ore mines and four independent port terminals. Aluminum segment includes bauxite mining, alumina refining, and aluminum smelting and recycling. Copper segment includes mining and refining of copper, gold, silver, molybdenum, other by-products and licensing of extraction technologies. Minerals segment includes mining and processing of borates, titanium dioxide feedstock and iron concentrate and pellets from the iron ore company of Canada. It also includes diamond mining, sorting and marketing and development projects for battery materials, such as lithium.
Rio Tinto plc 26.7% potential upside indicated by Jefferies
- Written by: Charlotte Edwards
Latest Company News
Rio Tinto has backed a new agreement to provide Tomago Aluminium with long-term power certainty through 2038 and expand renewable supply from 2033.
Rio Tinto reported higher half-year underlying EBITDA, stronger free cash flow and a 43 per cent rise in its interim ordinary dividend.
Rio Tinto reported higher first-half copper equivalent production, with stronger copper and lithium output and unchanged full-year guidance.
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.
