Rio Tinto PLC (RIO) Stock AnalysisRIOStock AnalysisRio Tinto PLC

Rio Tinto plc is a United Kingdom-based mining and materials company. It operates in over 35 countries, and its portfolio includes iron ore, copper, aluminum and a range of other minerals and materials. Its segments include Iron Ore, Aluminum, Copper, and Minerals. The Iron Ore segment includes iron ore mining and salt and gypsum production in Western Australia. Its iron ore operations in Pilbara comprise an integrated network of over 18 iron ore mines and four independent port terminals. The Aluminum segment includes bauxite mining, alumina refining, and aluminum smelting and recycling. The Copper segment includes mining and refining of copper, gold, silver, molybdenum, other by-products and licensing of extraction technologies. The Minerals segment includes mining and processing of borates, diamonds, iron concentrate and pellets from the Iron Ore Company of Canada, lithium and titanium dioxide feedstock. It operates in the Basic Materials sector.

Rio Tinto PLC is currently a hold. The stock is priced at $103.30, which is above the Fibonacci Pivot level of $101.763, indicating potential support. However, the forward P/E ratio of 12.47 suggests that the stock may not be undervalued, especially as analysts are concerned about slowing revenue growth. The main risk is highlighted by Morgan Stanley's $90 price target, which represents a potential downside of 12.9%.

6 analysts cover RIO: 5 rate it Buy, 1 Hold and 0 Sell. The average price target is 83.70.