Rio Tinto FY2026 EPS Estimate Boosted by Erste Group Bank

by · The Cerbat Gem

Rio Tinto PLC (NYSE:RIO – Free Report) – Erste Group Bank upped their FY2026 EPS estimates for Rio Tinto in a research note issued on Friday, September 18th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings per share of $8.45 for the year, up from their previous estimate of $8.33. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Rio Tinto’s current full-year earnings is $8.43 per share.

RIO has been the topic of a number of other reports. The Goldman Sachs Group upgraded Rio Tinto from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 29th. Argus upgraded shares of Rio Tinto to a “strong-buy” rating in a research note on Thursday, August 20th. DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Morgan Stanley started coverage on shares of Rio Tinto in a research note on Monday, August 24th. They issued an “underweight” rating and a $90.00 price objective for the company. Finally, Sanford C. Bernstein raised their price objective on shares of Rio Tinto from $88.50 to $89.50 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $103.12.

View Our Latest Report on RIO

Rio Tinto Trading Down 2.5%

Rio Tinto stock opened at $95.06 on Tuesday. The business has a 50 day moving average price of $98.55 and a two-hundred day moving average price of $98.02. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29. Rio Tinto has a 12 month low of $63.62 and a 12 month high of $112.58.

Rio Tinto Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, August 14th will be paid a dividend of $2.11 per share. This represents a yield of 441.0%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Investors Weigh In On Rio Tinto

A number of large investors have recently bought and sold shares of RIO. Miramontes Capital LLC boosted its holdings in shares of Rio Tinto by 1.7% in the second quarter. Miramontes Capital LLC now owns 5,863 shares of the mining company’s stock valued at $557,000 after buying an additional 99 shares during the period. Glen Eagle Advisors LLC increased its position in shares of Rio Tinto by 32.2% during the fourth quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock worth $36,000 after acquiring an additional 110 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Rio Tinto by 2.0% during the second quarter. Parkside Financial Bank & Trust now owns 5,865 shares of the mining company’s stock worth $557,000 after acquiring an additional 114 shares during the period. Asset Allocation Strategies LLC lifted its position in Rio Tinto by 4.0% in the 2nd quarter. Asset Allocation Strategies LLC now owns 3,010 shares of the mining company’s stock valued at $286,000 after acquiring an additional 117 shares in the last quarter. Finally, Trust Point Inc. lifted its position in Rio Tinto by 2.0% in the 2nd quarter. Trust Point Inc. now owns 5,989 shares of the mining company’s stock valued at $569,000 after acquiring an additional 118 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Company Profile

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Rio Tinto plc is a global mining and metals company with operations and projects spanning approximately 35 countries. Founded in 1873, the company operates through a dual-listed structure in the United Kingdom and Australia, with its American depositary receipts traded on the New York Stock Exchange under the symbol RIO.

The company explores, develops and produces a range of mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks and diamonds.

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