Rio Tinto plc with ticker (LON:RIO) now has a potential upside of 29.4% according to Berenberg Bank.
RIO.L
Berenberg Bank set a target price of 6,000 GBX for the company, which when compared to the Rio Tinto plc share price of 4,636 GBX at opening today (20/12/2024) indicates a potential upside of 29.4%. Trading has ranged between 4,509 (52 week low) and 5,910 (52 week high) with an average of 2,480,044 shares exchanging hands daily. The market capitalisation at the time of writing is £100,465,277,566.
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 29.4% 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.
