Rio Tinto PLC (RIO) Stock AnalysisRIORio Tinto PLC

Rio Tinto plc is a global mining and materials company. Its business is finding, mining, and processing mineral resources. It operates across 34 countries and 6 continents, and its portfolio includes iron ore, aluminum, bauxite, alumina, copper, diamonds, titanium dioxide, lithium, salt and borates. Its Aluminium & Lithium segment consists of bauxite mining, alumina refining, aluminum smelting and recycling, and mining and processing of lithium. Its Copper segment consists of mining and refining copper, gold, silver, molybdenum, other by-products and exploration activities. Its Iron Ore segment includes iron ore mining and salt and gypsum production in Western Australia, iron concentrate, and pellets from the Iron Ore Company of Canada. It owns and operates an integrated portfolio of iron ore assets in the Pilbara region of Western Australia comprising a network of 18 iron ore mines, four port terminals, a nearly 2,000 km rail network and other infrastructure (Pilbara Property). It operates in the Basic Materials sector.

Rio Tinto PLC is currently a hold. The stock is priced at $94.78, which is above Morgan Stanley's target of $90, indicating limited upside based on their assessment. Additionally, the forward P/E ratio is 12.08, suggesting that while the stock is relatively cheap, it may not be a strong buy at this moment given the mixed analyst sentiments and the RSI of 50.64, indicating a neutral momentum.

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