Rio Tinto Group (RIO)
| Market Cap | 123.87B |
| Revenue (ttm) | 54.04B |
| Net Income (ttm) | 10.06B |
| Shares Out | 1.69B |
| EPS (ttm) | 6.17 |
| PE Ratio | 11.93 |
| Forward PE | 8.68 |
| Dividend | $4.34 (5.92%) |
| Ex-Dividend Date | Mar 7, 2024 |
| Volume | 763,028 |
| Open | 73.32 |
| Previous Close | 73.61 |
| Day's Range | 73.03 - 73.40 |
| 52-Week Range | 58.27 - 75.09 |
| Beta | 0.63 |
| Analysts | Hold |
| Price Target | n/a |
| Earnings Date | Feb 21, 2024 |
About RIO
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting. The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities. The Minerals segment is involved in mining... [Read more]
Financial Performance
In 2023, RIO's revenue was $54.04 billion, a decrease of -2.72% compared to the previous year's $55.55 billion. Earnings were $10.06 billion, a decrease of -18.83%.
Financial StatementsNews
Indigenous group to take fight against Arizona copper mine to Supreme Court
A Native American group said on Tuesday it will take its fight against Rio Tinto's proposed Arizona copper mine to the U.S. Supreme Court, after a federal appeals court refused to reconsider whether t...
Rio Tinto IOC recognized with Towards Sustainable Mining (TSM) Environmental Excellence Award
SEPT-ILES, Quebec--(BUSINESS WIRE)--Rio Tinto's Iron Ore Company of Canada (IOC) has won the Towards Sustainable Mining (TSM) Environmental Excellence Award for its contributions to the Abandoned Site...
Rio Tinto should not compete with BHP for Anglo American – investor says
Rio Tinto Ltd (ASX: RIO) should not compete with BHP Group Ltd (ASX: BHP) to take over Anglo American plc (LON: AAL), says Daniel Sullivan. He's a portfolio manager at Janus Henderson Investors.
Rio Tinto had considered a bid for BHP-target Anglo American, AFR says
Mining giant Rio Tinto had considered an offer for British miner Anglo American , which is now BHP Group's $39 billion takeover target, the Australian Financial Review reported on Friday.
Rio Tinto Declines Comment on Whether Considering Rival Anglo American Bid
The chair of Rio Tinto declined to comment on whether the world's second-largest miner by market value is weighing a bid for Anglo American, the target of a recent $39 billion bid by BHP Group.
Element Resources Acreage Lease at Rio Tinto U.S. Borax California Operations
LANCASTER, Calif.--(BUSINESS WIRE)-- #greenenergy--Notice of surface lease agreement between Element Resources and Rio Tinto Borax Mine for the development of green hydrogen & off-grid solar power.
BHP could aim for Rio Tinto after Anglo American rejects takeover offer, analyst says
In the wake of Anglo American's rejection of BHP Group's takeover bid, John Meyer, partner at SP Angel, said that other interested buyers, like Chinese state-owned companies, could step in with a bett...
BHP may go after Rio Tinto after $AAL rejection
BHP Group Ltd may go after Rio Tinto Ltd now that Anglo American plc has rejected its takeover proposal, says John Meyer. He's a partner at SP Angel.
Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project
MONTREAL, April 23, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), is pleased to announce the execution of an amended option agreement on April 22, 2024 (the “Option Agreem...
Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile
Miners Rio Tinto and Eramet as well as battery maker LG Energy were among 30 companies that submitted proposals to develop lithium extraction technology for a Chilean salt flat in early stages of expl...
Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland
LONDON--(BUSINESS WIRE)--Rio Tinto has donated US$1.5 million to the Icelandic Red Cross to support the people and community of Grindavík in Iceland, who have been impacted by months of volcanic erupt...
Rio Tinto Keeps Guidance Despite Lower Iron-Ore Shipments
Rio Tinto maintained its 2024 guidance after the mining giant reported a 10% fall in first-quarter iron-ore shipments.
Rio Tinto releases first quarter production results
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “We have been deeply affected by the loss of four Diavik colleagues and two airline crew members in a plane crash...
Aluminum, nickel prices surge after fresh sanctions on Russian metals
Prices for aluminum and nickel soared in London on Monday, and Alcoa shares jumped, following the ban on fresh trading of Russian-origin metals by U.S. and U.K. authorities over the weekend.
Global mining investment too low to support energy transition, Rio Tinto chairman says
Low rates of investment in the global mining sector have put the global energy transition at risk, widening the supply gap in critical minerals like copper, Rio Tinto chairman Dominic Barton said on M...
Here's why the Anglo American, Rio Tinto shares are soaring
Rio Tinto (LON: RIO) and Anglo American (LON: AAL) share prices continued doing well this week. Anglo American jumped to 2,220p on Friday, its highest point since December while Rio Tinto soared to 5,...
Rio Tinto spends more than A$16.1 billion with suppliers in Australia
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion in 2023, as part of the company's ongoing commitment t...
Rio Tinto celebrates WA businesses as regional and indigenous supplier spend grows
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto continues to increase its contribution in Western Australia to support local jobs and economies, with the company boosting spending with local businesses n...
Big Oil Looking Away From UK and Toward US for Listing
The London Stock Exchange is at risk of losing Shell Plc's listing to New York. If the company leaves, it would likely put pressure on fellow oil giant BP Plc and commodity trading firm Glencore Plc t...
Rio Tinto to invest in the world's best technology startups
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto is teaming up with a leading global venture studio and start-up investor to back the development and commercialisation of breakthrough technologies in the ...
Top two U.S. copper stocks to buy as Rio Tinto promotes copper chief
Rio Tinto Ltd (LON: RIO) is in the green at writing after naming Bold Baatar its new chief commercial officer. Rio Tinto is committed to expanding in copper Baatar has been with the mining giant since...
Yinhawangka People and Rio Tinto partner to co-design ‘Living Cultures Program'
PERTH, Australia--(BUSINESS WIRE)--The Yinhawangka Aboriginal Corporation and Rio Tinto have collaborated to design a new program aimed at protecting and preserving Yinhawangka culture and supporting ...
Rio Tinto appoints Bold Baatar as Chief Commercial Officer
LONDON--(BUSINESS WIRE)--Rio Tinto has appointed Bold Baatar to the role of Chief Commercial Officer, to lead the Group's commercial and business development activities globally. Bold will succeed Alf...
Rio Tinto to manage the Ranger Rehabilitation Project for ERA
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto will manage the Ranger Rehabilitation Project in Australia's Northern Territory on behalf of Energy Resources of Australia Ltd (ERA), under a new Manag...
Rio Tinto releases details of $8.5 billion of taxes and royalties paid in 2023
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has published its 2023 Taxes and Royalties Paid Report, which details $8.5 billion of taxes and royalties paid globally during the year. This compares ...