Argus Raises its Price Target on Rio Tinto (RIO) to $120 [Yahoo! Finance]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Yahoo! Finance
On April 28, 2026, Argus raised its price target on Rio Tinto Group (NYSE:RIO) to $120 from $115 and maintained a Buy rating. The firm said Rio Tinto has improved its operating performance and balance sheet in recent years through cost cuts and noncore asset sales, while continuing to return cash to shareholders through dividends. Argus also said the company is increasingly positioning for future clean energy demand through lithium development projects and acquisitions. Similarly, Bernstein raised its price target on Rio Tinto Group (NYSE:RIO) to $83.50 from $82 and maintained an Outperform rating. The firm noted that aluminum prices have climbed to their second-highest levels on record, approaching the peaks seen during the 2022 Russia-Ukraine War. On April 20, 2026, Rio Tinto reported that first-quarter iron ore production rose 12% year over year, while alumina production increased 6%. CEO Simon Trott said copper-equivalent production rose 9% as the Oyu Tolgoi Mine continues ra
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RIO
News
- Mining M&A maintains momentum into 2026 as supply-chain focus underpins deal activity [Yahoo! Finance]Yahoo! Finance
- A Look At Rio Tinto (LSE:RIO) Valuation After Recent Share Price Momentum [Yahoo! Finance]Yahoo! Finance
- Rio Tinto's A$100m boost for essential service worker housing in the Pilbara [Yahoo! Finance]Yahoo! Finance
- Rio Tinto’s A$100m boost for essential service worker housing in the PilbaraBusiness Wire
- Rio Tinto (RIO) was given a new $120.00 price target by Argus.MarketBeat
RIO
Sec Filings
- 4/8/26 - Form SD
- 2/19/26 - Form IRANNOTICE
- RIO's page on the SEC website