Rio Tinto (RIO) stock forecast for 2024. Forecast tables and graphs.







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Rio Tinto (RIO) stock forecast for 2024

Updated: October 12, 2024 (16:36)

Sector: Basic materials

The share price of Rio Tinto Group (RIO) now

What analysts predict: $78.67
52-week High/Low: $89.72 / $59.58

50/200 Day Moving Average: $71.7 / $74.93

This figure corresponds to the Average Price over the previous 50/200 days. For Rio Tinto stocks, the 50-day moving average is the resistance level today.

For Rio Tinto stocks, the 200-day moving average is the resistance level today.

Are you interested in Rio Tinto Group stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Rio Tinto stock price in 2024. How much will one Rio Tinto share be worth in 2024? Is it worth taking profit / loss on RIO stock now or waiting? What are analysts' forecasts for Rio Tinto stock?

We forecast Rio Tinto stock performance using neural networks based on historical data on RIO stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Rio Tinto Group stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Rio Tinto analysts is $78.67. Today 200 Day Moving Average is the resistance level (74.93 $). 50 Day Moving Average is the resistance level (71.7 $).




Historical and forecast chart of Rio Tinto Group stock

The chart below shows the historical price of Rio Tinto stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the RIO stock price can be found in the table below.


Rio Tinto is an Australian-British multinational corporation with a mining and metallurgical profile. Founded back in the 19th century. Consists of two companies: Rio Tinto plc., Based in London, and Rio Tinto Limited, which is listed on the Australian Stock Exchange, headquartered in Melbourne. The two companies have teamed up to efficiently carry out manufacturing operations to become a leader in the mining and metallurgical sector. In 2012, the company produced a record 237 million tonnes of iron. Year after year, she has been able to cut production costs.

Trending Themes in the Basic Materials Sector

Rio Tinto (RIO) Forecast for 2024

Month Target Pes. Opt. Vol., %
Nov 65.67 63.99 69.61 8.08 %
Dec 70.35 66.80 71.47 6.54 %

Rio Tinto information and performance

Rio Tinto Address

NONE

Market Capitalization: 125 716 349 000 $

Market capitalization of the Rio Tinto Group is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of RIO shares in the company outstanding by the market price of one share.

EBITDA: 31 981 001 000 $

EBITDA of Rio Tinto is earnings before interest, income tax and depreciation of assets.

PE Ratio: 6.74

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: N/A

Price/earnings to growth

DPS: 6.92

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0882

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 11.52

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 2.714
Quarterly Revenue Growth YOY: 0.709
Trailing PE: 6.74

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 7.77

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.103

Enterprise Value (EV) /Revenue

EV To EBITDA: 3.694

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 1619430000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Rio Tinto price target for 2024 by month


Target values for the price of one Rio Tinto share for Nov 2024.

The weighted average target price per Rio Tinto share in Nov 2024 is: 65.67.
In Nov, the Positive dynamics for Rio Tinto Group shares will prevail with possible monthly volatility of 8.076% volatility is expected.
Pessimistic target level: 63.99
Optimistic target level: 69.61

Target values for the price of one Rio Tinto share for Dec 2024.

The weighted average target price per Rio Tinto share in Dec 2024 is: 70.35.
In Dec, the Positive dynamics for Rio Tinto Group shares will prevail with possible monthly volatility of 6.535% volatility is expected.
Pessimistic target level: 66.80
Optimistic target level: 71.47



Rio Tinto (RIO) stock dividend

Rio Tinto last paid dividends on 08/12/2021. The next scheduled payment will be on 09/23/2021. The amount of dividends is $6.92 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.


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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.