GBP49.24
0.85%
London, Dec 06, 05:39 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 GBP58.68
Price GBP49.24
Potential
Number of Estimates 18
18 Analysts have issued a price target Rio Tinto 2025 . The average Rio Tinto target price is GBP58.68. 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 41.39
3.61% 4.80%
EBITDA Margin 37.43% 43.41%
10.71% 15.99%
Net Margin 18.57% 21.09%
16.64% 13.55%

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

GBP41.4b
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. This is
3.84% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
GBP44.1b 2.42%
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, the lowest is
GBP40.0b 7.11%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 GBP43.5b 3.61%
2024
GBP41.4b 4.80%
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2025
GBP40.9b 1.20%
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2026
GBP41.3b 1.00%
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2027
GBP44.3b 7.23%
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2028
GBP46.0b 3.86%
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18 Analysts have issued an Rio Tinto EBITDA forecast 2024. The average Rio Tinto EBITDA estimate is

GBP18.0b
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. This is
6.58% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
GBP19.3b 14.52%
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, the lowest is
GBP16.4b 2.72%
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.

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

EBITDA Estimates

2023 GBP16.3b 13.93%
2024
GBP18.0b 10.42%
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2025
GBP18.4b 2.48%
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2026
GBP18.5b 0.67%
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2027
GBP19.0b 2.51%
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2028
GBP19.4b 2.12%
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EBITDA Margin

2023 37.43% 10.71%
2024
43.41% 15.99%
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2025
45.03% 3.73%
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2026
44.88% 0.33%
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2027
42.90% 4.41%
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2028
42.18% 1.68%
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8 Rio Tinto Analysts have issued a net profit forecast 2024. The average Rio Tinto net profit estimate is

GBP8.7b
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. This is
2.56% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
GBP9.6b 12.86%
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, the lowest is
GBP8.2b 3.81%
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.

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

Net Profit Estimates

2023 GBP8.1b 19.65%
2024
GBP8.7b 8.11%
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2025
GBP8.5b 2.72%
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2026
GBP8.4b 1.61%
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Net Margin

2023 18.57% 16.64%
2024
21.09% 13.55%
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2025
20.77% 1.52%
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2026
20.23% 2.60%
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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 5.39
19.65% 8.02%
P/E 9.13
EV/Sales 2.05

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

GBP5.39
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. This is
2.47% 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
GBP5.94 12.93%
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, the lowest is
GBP5.06 3.80%
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.

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

Earnings Per Share

2023 GBP4.99 19.65%
2024
GBP5.39 8.02%
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2025
GBP5.25 2.60%
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2026
GBP5.16 1.71%
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P/E ratio

Current 9.36 26.36%
2024
9.13 2.46%
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2025
9.38 2.74%
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2026
9.54 1.71%
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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 1.97 9.63%
2024
2.05 4.22%
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2025
2.08 1.21%
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2026
2.06 0.99%
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2027
1.92 6.75%
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2028
1.85 3.71%
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P/S ratio

Current 1.86 10.85%
2024
1.93 3.99%
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2025
1.95 1.22%
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2026
1.94 0.99%
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2027
1.80 6.74%
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2028
1.74 3.72%
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