Rio Tinto (NYSE:RIO) Upgraded by Berenberg Bank to Buy Rating

Berenberg Bank upgraded shares of Rio Tinto (NYSE:RIO) from a hold rating to a buy rating in a report issued on Thursday morning, MarketBeat.com reports.

Several other brokerages have also recently commented on RIO. The Goldman Sachs Group raised Rio Tinto from a “neutral” rating to a “buy” rating in a research report on Wednesday. Argus set a $120.00 price target on Rio Tinto in a research note on Monday, April 27th. Sanford C. Bernstein boosted their price target on Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a research note on Thursday, July 9th. Finally, Morgan Stanley downgraded Rio Tinto from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $105.50.

Rio Tinto Trading Up 3.7%

Shares of NYSE RIO opened at $97.13 on Thursday. The business has a 50-day moving average of $97.69 and a 200-day moving average of $96.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. Rio Tinto has a fifty-two week low of $58.40 and a fifty-two week high of $112.58.

Rio Tinto Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be issued a $2.11 dividend. This represents a dividend yield of 438.0%. The ex-dividend date of this dividend is Friday, August 14th.

Hedge Funds Weigh In On Rio Tinto

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its stake in Rio Tinto by 170.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock valued at $311,023,000 after buying an additional 2,451,140 shares during the period. Milford Funds Ltd. acquired a new stake in shares of Rio Tinto in the fourth quarter valued at approximately $93,143,000. Altshuler Shaham Ltd bought a new position in shares of Rio Tinto during the 1st quarter worth approximately $106,724,000. Deutsche Bank AG boosted its stake in shares of Rio Tinto by 102.6% during the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock worth $177,421,000 after acquiring an additional 1,122,667 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Rio Tinto by 144.7% during the 4th quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company’s stock worth $127,039,000 after acquiring an additional 938,687 shares during the period. Institutional investors own 19.33% of the company’s stock.

Key Stories Impacting Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Strong first-half results: Rio Tinto reported approximately $31.0 billion in sales and $6.7 billion in net income for the first half of 2026, with profit reportedly rising 47% year over year. Underlying earnings increased 43%, while free cash flow surged 75% to $3.8 billion. Higher commodity prices and production supported the results. Mining major Rio Tinto logs 43% rise in interim profit
• Positive Sentiment: Higher shareholder returns: Rio Tinto declared an interim dividend of $2.11 per share, representing a 43% increase, supported by stronger earnings and cash flow. The payout reinforces the stock’s income appeal. Rio Tinto shares surge as copper growth drives profit and dividend beat
• Positive Sentiment: Analyst sentiment improved: Goldman Sachs upgraded Rio Tinto to “buy,” followed by Berenberg’s upgrade from “hold” to “buy.” Analysts appear encouraged by the company’s simplification strategy, cash generation and exposure to growth markets. Berenberg upgrades Rio Tinto
• Positive Sentiment: Exposure to AI-related metals: Copper EBITDA rose 84% and aluminum EBITDA 38%, with the two businesses contributing 57% of total EBITDA. Demand from data centers and broader AI infrastructure is viewed as a long-term growth catalyst. Rio Tinto: Excellent Q2 Results
• Neutral Sentiment: Valuation remains a focus: Rio Tinto’s strong year-to-date and one-year performance has attracted fresh valuation analysis. Supporters argue the shares remain inexpensive relative to diversified mining peers, but some of the improved outlook may already be reflected in the stock.
• Negative Sentiment: Estimates were trimmed: Erste Group lowered its FY2026 EPS forecast to $8.34 from $8.45 and its FY2027 forecast to $8.27 from $8.37. The cuts are modest but highlight continued sensitivity to commodity prices, operating execution and production risks.

Rio Tinto Company Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.