6 stories mentioning RIO
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Rio Tinto (RIO) shares were down over 3% in Wednesday trading after RBC Capital Markets downgraded the stock to underperform from sector perform.Trading volume stood at more than 1.9 million shares, compared with a daily average of close to 2.8 million.Price: $108.09, Change: $-3.59, Percent Change: -3.21%
Rio Tinto's (RIO) London stock has an average rating of overweight and mean price target of GBP74.49, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Rio Tinto (RIO) said Friday it has begun commissioning its $1.5 billion AP60 smelter expansion at the Complexe Arvida facility in Quebec.The startup process began in March and is expected to finish by the end of 2026, when all 96 new smelting pots will be operational, the company said.The expansion will add about 160,000 metric tonnes of primary aluminum annually for a total of 220,000 metric tonnes produced with AP60 technology.Rio Tinto said the technology generates significantly lower greenhouse gas emissions than industry averages and is expected to reduce fine particulate matter emissions by up to 90%.Price: $107.16, Change: $+0.69, Percent Change: +0.65%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price to USD112 from USD110, implying an EV/EBITDA of 7.43x our 2026 estimate. This premium valuation is supported by growth from key projects and Rio Tinto's (RIO) strategic focus on copper and aluminum, aligning it with long-term decarbonization trends. RIO's solid Q1 2026 results reinforce our long-term view. RIO demonstrated portfolio resilience by increasing copper equivalent production by 9% Y/Y despite weather disruptions. Key growth projects are advancing as planned; the Oyu Tolgoi ramp-up is boosting copper output, and the Simandou iron ore project realized its first sales in April. This progress, along with achieving its USD650 million productivity target, confirms strong execution. A robust price environment for copper and aluminum provides a significant tailwind, offsetting a more stable iron ore market and validating RIO's diversification strategy. We forecast 2026 EPS of USD7.74 and 2027 EPS at USD8.17, supported by a strong metals outlook.
Labrador Iron Ore Royalty (LIF.TO), down 1.8% on last look, said Tuesday the Iron Ore Company of Canada (IOC), majority-owned by Rio Tinto (RIO), had total saleable iron-ore production of 3.44-million tonnes in the first quarter, made up of 1.72-million tonnes of pellets and 1.72-million tonnes of concentrate for sale (CFS).Labrador Iron Ore, which has a 15.1% equity stake in IOC, notes it reported total iron ore sales in the first quarter of 3.29 million tonnes, comprised of 2.14 million tonnes of pellets and 1.15 million tonnes of CFS.IOC's 2026 sales guidance (pellets and CFS) of between 15 million tonnes to 18 million tonnes was maintained.Labrador Iron Ore will release its first quarter results after the market close on May 4.Labrador Iron Ore shares were last seen down $0.51, to $28.20, on the Toronto Stock Exchange.Price: $28.20, Change: $-0.51, Percent Change: -1.78%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Rio Tinto delivered solid Q1 2026 performance with 9% copper equivalent production growth despite weather challenges. Iron ore production reached 78.8Mt (up 13%) with strong performance, though sales growth was constrained to 2% at 72.4Mt due to tropical cyclones disrupting shipments by ~8Mt. We believe the diversified portfolio demonstrated resilience and scale advantages, with Oyu Tolgoi copper surging 56% to 102kt and Simandou achieving its first full shipment milestone. Management maintained 2026 guidance despite weather impacts, reflecting confidence in operational execution. The company successfully implemented the full USD650M of productivity benefits and completed the Resolution Copper land exchange, with drilling now underway at one of the world's largest untapped copper deposits. We expect continued strength from aluminum operations and Oyu Tolgoi's ramp-up toward 500kt annual production from 2028-2036, though two workplace fatalities underscore management's renewed safety focus.