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Rio Tinto Ltd RIO Stock Quote

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Last close prices updated as of Mar 24, 2023, 4:10 PM EDT | AUD
  • Last Close 114.43
  • Sector Basic Materials
  • Industry Other Industrial Metals & Mining
  • Investment Style Large Value
  • Day Range 113.66  –  115.40
  • Year Range 87.60  –  128.78
  • Market Cap 185.6110 Bil
  • Volume / Avg 1.3 Mil /  1.3 Mil
  • Price / Sales 2.24
  • Price / Book 2.48
  • Forward Div Yield 5.71%
  • Trailing Div Yield 2.78%

Morningstar‘s Stock Analysis RIO

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Economic Moat


Capital Allocation


Rio Tinto’s 2022 Result Plunges on Lower Iron Ore Prices, Higher Costs; AUD 107 FVE Retained

Jon Mills Equity Analyst

Analyst Note

| Jon Mills |

After a record 2021, no-moat Rio Tinto’s adjusted net profit after tax, or NPAT, fell 38% to USD 13.3 billion or USD 8.15 per share driven by falling commodity prices and rising unit cash costs. Adjusted EBITDA was down 30%, to USD 26.3 billion, about 5% below our estimate. Lower iron ore prices accounted for USD 9.2 billion of the decline, while USD 3.5 billion in higher costs were partially offset by foreign exchange and volumes. Rio Tinto is dominated by iron ore, which made up around 71% of 2022 EBITDA, followed by aluminium at 14% and copper at 9%. The fully franked final dividend of USD 2.25 (AUD 3.27) was less than we expected given the absence of a special dividend, a feature of the last seven years. With net debt of about USD 4 billion—less than 0.2 times EBITDA—it would have been well within Rio’s financial capacity to have paid one. However, Rio was probably prudent in maintaining a pristine balance sheet given the uncertainty over global economic growth and the outlook for commodity prices, along with its initial steps towards expanding production.

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Key Statistics RIO

Company Profile RIO

Business Description

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminium, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 34%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminium smelters in Canada.

Level 43, 120 Collins Street
Melbourne, VIC, 3000, AUS
Industry Other Industrial Metals & Mining
Employees 42,099

Related Articles RIO

FAQs for Rio Tinto Ltd Stock

Yes. RIO has a forward dividend yield of 5.71%. See RIO’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

RIO’s market cap is 185.61 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

RIO’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

RIO’s price/sales is 2.24.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

RIO’s price/forward earnings is 10.07.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

RIO’s price/book is 2.48.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See RIO’s valuation ratios compared to the Market Index.

RIO’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare RIO’s historical performance against its industry peers and the overall market.