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

Rio Tinto (NYSE:RIO) was upgraded by Berenberg Bank from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports.

RIO has been the subject of several other reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. Sanford C. Bernstein upped their price target on shares of Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a report on Monday, April 27th. Royal Bank Of Canada lowered shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, June 3rd. Bank of America lowered shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group raised shares of Rio Tinto from a “neutral” rating to a “buy” rating in a research note on Wednesday. One investment 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 issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.50.

Rio Tinto Stock Performance

NYSE:RIO opened at $96.71 on Thursday. Rio Tinto has a 52-week low of $58.40 and a 52-week high of $112.58. The company has a quick ratio of 0.98, a current ratio of 1.42 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $97.54 and a 200-day simple moving average of $96.14.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its stake in shares of Rio Tinto by 160.2% during the 1st quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock worth $27,000 after purchasing an additional 181 shares during the last quarter. PFS Partners LLC acquired a new position in shares of Rio Tinto in the fourth quarter valued at approximately $28,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Rio Tinto in the fourth quarter valued at approximately $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Rio Tinto during the fourth quarter valued at approximately $34,000. Finally, Evelyn Partners Investment Management LLP purchased a new position in shares of Rio Tinto during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Key Rio Tinto News

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

• Positive Sentiment: Berenberg upgraded Rio Tinto to Buy from Hold and raised its price target to $113 from $107, implying additional upside from recent trading levels. Berenberg Upgrades Rio Tinto to Buy From Hold, Raises Price Target to $113 From $107
• Positive Sentiment: Goldman Sachs also upgraded Rio Tinto to Buy, citing progress in the company’s simplification strategy. The second bullish rating from a major bank may improve sentiment toward the shares. The Goldman Sachs Group Upgrades Rio Tinto to Buy
• Positive Sentiment: Rio Tinto reported strong first-half 2026 results, including $31.0 billion in sales and $6.7 billion in net income. Separate analysis highlighted a 75% increase in free cash flow to $3.8 billion, 43% growth in underlying earnings to $6.9 billion and a $3.4 billion dividend payout. Rio Tinto posts highest H1 earnings in four years on higher commodity prices, production
• Positive Sentiment: The company declared a dividend of $2.11 per share, payable September 24 to shareholders of record August 14. The payout supports Rio Tinto’s income appeal, though investors should account for the approaching ex-dividend date.
• Neutral Sentiment: Rio Tinto’s valuation remains a focus after its strong share-price performance. Analysts described the stock as trading at roughly 11 times forward earnings, below the mining-sector average, while noting that its year-to-date and one-year returns have already been substantial. Where Does Rio Tinto Group Valuation Sit After Half Year 2026 Earnings?
• Negative Sentiment: Erste Group trimmed its FY2026 EPS forecast to $8.34 from $8.45 and its FY2027 forecast to $8.27 from $8.37. Although the estimates remain near consensus, the reductions could limit near-term enthusiasm. Erste Group lowers Rio Tinto earnings estimates

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.