Rio Tinto FY2026 EPS Forecast Lifted by Erste Group Bank

Rio Tinto PLC (NYSE:RIO) – Erste Group Bank boosted their FY2026 earnings per share estimates for Rio Tinto in a research note issued on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now expects that the mining company will post earnings of $8.33 per share for the year, up from their prior forecast of $8.30. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Rio Tinto’s current full-year earnings is $8.41 per share. Erste Group Bank also issued estimates for Rio Tinto’s FY2027 earnings at $8.31 EPS.

Other analysts have also recently issued reports about the stock. DZ Bank upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Berenberg Bank set a $113.00 price objective on shares of Rio Tinto in a research note on Thursday, July 30th. Bank of America cut shares of Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. The Goldman Sachs Group upgraded shares of Rio Tinto from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 29th. Finally, Argus raised shares of Rio Tinto to a “strong-buy” rating in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.12.

Rio Tinto Trading Down 4.1%

Shares of NYSE:RIO opened at $99.44 on Friday. Rio Tinto has a twelve month low of $61.72 and a twelve month high of $112.58. The company’s 50 day moving average is $97.54 and its 200 day moving average is $98.04. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29.

Rio Tinto Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. AdvisorNet Financial Inc raised its holdings in Rio Tinto by 160.2% in the 1st quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock worth $27,000 after purchasing an additional 181 shares during the period. Timbuktu Capital Management LLC purchased a new stake in shares of Rio Tinto in the second quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of Rio Tinto during the 1st quarter worth approximately $35,000. Costello Asset Management INC acquired a new position in shares of Rio Tinto during the 1st quarter worth approximately $37,000. Finally, Evelyn Partners Investment Management LLP purchased a new position in shares of Rio Tinto during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

About Rio Tinto

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.