GBP49.76
0.80% today
London, Nov 26, 03:16 pm CET
ISIN
GB0007188757
Symbol
RIO

Rio Tinto Target price 2024 - Analyst rating & recommendation

Rio Tinto Classifications & Recommendation:

Buy
70%
Hold
20%
Sell
10%

Rio Tinto Price Target

Target Price GBP59.88
Price GBP50.16
Potential
Number of Estimates 18
18 Analysts have issued a price target Rio Tinto 2025 . The average Rio Tinto target price is GBP59.88. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 20 analysts: 14 Analysts recommend Rio Tinto to buy, 4 to hold and 2 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Rio Tinto stock has an average upside potential 2025 of . Most analysts recommend the Rio Tinto stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Dec '23 2024
Estimates
Revenue Billion GBP 43.47 41.95
3.61% 3.50%
EBITDA Margin 37.43% 43.37%
10.36% 15.88%
Net Margin 18.57% 21.01%
16.77% 13.12%

17 Analysts have issued a sales forecast Rio Tinto 2024 . The average Rio Tinto sales estimate is

GBP42.0b
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. This is
2.52% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
GBP44.5b 3.30%
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, the lowest is
GBP40.5b 5.81%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 GBP43.5b 3.61%
2024
GBP42.0b 3.50%
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2025
GBP41.5b 1.06%
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2026
GBP41.9b 0.91%
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2027
GBP43.1b 2.95%
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2028
GBP46.0b 6.66%
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18 Analysts have issued an Rio Tinto EBITDA forecast 2024. The average Rio Tinto EBITDA estimate is

GBP18.2b
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. This is
7.93% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
GBP19.5b 15.55%
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, the lowest is
GBP16.5b 2.24%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 GBP16.3b 13.59%
2024
GBP18.2b 11.82%
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2025
GBP18.6b 2.18%
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2026
GBP18.8b 1.00%
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2027
GBP18.8b 0.10%
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2028
GBP19.4b 3.23%
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EBITDA Margin

2023 37.43% 10.36%
2024
43.37% 15.88%
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2025
44.79% 3.27%
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2026
44.83% 0.09%
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2027
43.59% 2.77%
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2028
42.18% 3.23%
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8 Rio Tinto Analysts have issued a net profit forecast 2024. The average Rio Tinto net profit estimate is

GBP8.8b
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. This is
3.54% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
GBP9.7b 13.75%
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, the lowest is
GBP8.3b 2.92%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 GBP8.1b 19.77%
2024
GBP8.8b 9.14%
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2025
GBP8.5b 3.39%
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2026
GBP8.3b 2.31%
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Net Margin

2023 18.57% 16.77%
2024
21.01% 13.12%
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2025
20.51% 2.38%
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2026
19.86% 3.17%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Dec '23 2024
Estimates
Earnings Per Share GBP 4.99 5.45
19.77% 9.22%
P/E 9.21
EV/Sales 2.06

8 Analysts have issued a Rio Tinto forecast for earnings per share. The average Rio Tinto <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

GBP5.45
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. This is
3.61% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
GBP5.98 13.69%
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, the lowest is
GBP5.11 2.85%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 GBP4.99 19.77%
2024
GBP5.45 9.22%
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2025
GBP5.26 3.49%
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2026
GBP5.14 2.28%
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P/E ratio

Current 9.53 23.45%
2024
9.21 3.36%
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2025
9.53 3.47%
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2026
9.76 2.41%
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Based on analysts' sales estimates for 2024, the Rio Tinto stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.01 6.07%
2024
2.06 2.52%
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2025
2.08 1.07%
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2026
2.06 0.90%
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2027
2.01 2.86%
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2028
1.88 6.25%
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P/S ratio

Current 1.89 7.32%
2024
1.94 2.58%
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2025
1.96 1.07%
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2026
1.94 0.90%
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2027
1.89 2.87%
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2028
1.77 6.25%
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