RIO icon

Rio Tinto

58.64 USD
-0.09
0.15%
At close Dec 20, 4:00 PM EST
After hours
58.75
+0.11
0.19%
1 day
-0.15%
5 days
-5.04%
1 month
-6.01%
3 months
-7.76%
6 months
-12.37%
Year to date
-21.03%
1 year
-19.07%
5 years
-0.22%
10 years
31.63%
 

About: Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

Employees: 57,174

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

27% more call options, than puts

Call options by funds: $643M | Put options by funds: $505M

2% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 87

0% more funds holding

Funds holding: 743 [Q2] → 745 (+2) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 11 [Q2] → 11 (+0) [Q3]

0.51% less ownership

Funds ownership: 11.08% [Q2] → 10.57% (-0.51%) [Q3]

12% less repeat investments, than reductions

Existing positions increased: 250 | Existing positions reduced: 285

42% less capital invested

Capital invested by funds: $16.1B [Q2] → $9.39B (-$6.74B) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for RIO.

Financial journalist opinion

Based on 24 articles about RIO published over the past 30 days

Neutral
WSJ
2 days ago
Activist Investor Widens Call for Review of Rio Tinto's Dual-Listing
Palliser Capital doubled down on its call for a review of Rio Tinto's dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.
Activist Investor Widens Call for Review of Rio Tinto's Dual-Listing
Neutral
Business Wire
3 days ago
Rio Tinto appoints new Chief People Officer
LONDON--(BUSINESS WIRE)--Rio Tinto has appointed Georgie Bezette as its new Chief People Officer, succeeding James Martin, who will retire at the end of this year. Georgie, who joined the organisation in 2008, is currently Chief Operating Officer, People, responsible for the transformation of the People function in support of Rio Tinto's ambitious cultural change journey. She will start in her new role on 1 January 2025 and be based in London. Rio Tinto Chief Executive Jakob Stausholm said: “As.
Rio Tinto appoints new Chief People Officer
Neutral
Zacks Investment Research
4 days ago
RIO & BHP to Build Electric Smelting Furnace Plant to Lower Emissions
Rio Tinto and BHP are set to build Australia's largest ironmaking electric smelting furnace pilot plant study to lower emissions.
RIO & BHP to Build Electric Smelting Furnace Plant to Lower Emissions
Neutral
Business Wire
5 days ago
BlueScope, BHP and Rio Tinto select WA for Australia's largest ironmaking electric smelting furnace pilot plant study
PERTH, Australia--(BUSINESS WIRE)--Australia's two largest iron ore miners and its biggest steelmaker have selected the Kwinana Industrial Area, south of Perth, as the location to develop Australia's largest ironmaking electric smelting furnace1 (ESF) pilot plant. The groundbreaking project combines the expertise of BlueScope, BHP and Rio Tinto to test technology to enable the use of Pilbara iron ore to produce iron without the need for traditional blast furnaces, as the companies come together.
BlueScope, BHP and Rio Tinto select WA for Australia's largest ironmaking electric smelting furnace pilot plant study
Neutral
Zacks Investment Research
5 days ago
RIO to Build Demonstration Plant for Gallium Extraction in Canada
Rio Tinto intends to develop a demonstration plant in Canada that can produce up to 3.5 tons of gallium per year.
RIO to Build Demonstration Plant for Gallium Extraction in Canada
Neutral
Zacks Investment Research
1 week ago
Rio Tinto Set to Invest $2.5B for Rincon Project in Argentina
RIO will move forward with its first commercial-scale lithium operation, the Rincon project, with a $2.5-billion investment.
Rio Tinto Set to Invest $2.5B for Rincon Project in Argentina
Neutral
Business Wire
1 week ago
Rio Tinto progresses the development of a gallium extraction process in Quebec
SAGUENAY, Canada--(BUSINESS WIRE)--As part of a research and development program, Rio Tinto is assessing the potential for extracting and valorising gallium, a critical and strategic mineral already present in the bauxite processed in its alumina refinery in Saguenay–Lac-Saint-Jean, the only one in Canada. When the preliminary phase of technology development is conclusive, Rio Tinto plans to build a demonstration plant in Saguenay for extraction technology that can produce up to 3.5 tonnes of g.
Rio Tinto progresses the development of a gallium extraction process in Quebec
Negative
Reuters
1 week ago
Rio Tinto chief pledges response after harassment class action
The head of global mining group Rio Tinto , pledged to act if wrongdoing was discovered following the filing of sexual harassment lawsuits against the company.
Rio Tinto chief pledges response after harassment class action
Neutral
Business Wire
1 week ago
Rio Tinto to invest $2.5 billion to expand Rincon lithium project capacity to 60,000 tonnes per year
LONDON--(BUSINESS WIRE)--Rio Tinto has approved $2.5 billion1 to expand the Rincon project in Argentina, the company's first commercial scale lithium operation, demonstrating its commitment to building a world-class battery materials portfolio. Rincon's capacity of 60,000 tonnes of battery grade lithium carbonate per year is comprised of the 3,000-tonne starter plant and 57,000-tonne expansion plant. Rincon's mine life is expected to be 40 years2, with construction of the expanded plant schedul.
Rio Tinto to invest $2.5 billion to expand Rincon lithium project capacity to 60,000 tonnes per year
Neutral
Zacks Investment Research
1 week ago
Brokers Suggest Investing in Rio Tinto (RIO): Read This Before Placing a Bet
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Brokers Suggest Investing in Rio Tinto (RIO): Read This Before Placing a Bet
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