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Morningstar

Rio Tinto PLC ADR RIO Stock Quote

Morningstar Rating
| Rating as of

NYSE: RIO

Last close prices updated as of May 30, 2023, 3:29 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 61.12
  • Sector Basic Materials
  • Industry Other Industrial Metals & Mining
  • Investment Style Large Value
  • Day Range 60.01  –  61.03
  • Year Range 50.92  –  78.50
  • Market Cap 97.5650 Bil
  • Volume / Avg 3.3 Mil /  3.5 Mil
  • Price / Sales 1.79
  • Price / Book 1.98
  • Forward Div Yield 8.05%
  • Trailing Div Yield 8.18%

Morningstar‘s Stock Analysis RIO

Valuation
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1-Star Price

INVESTOR

5-Star Price

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Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Rio Tinto: Dominant Iron Ore Division Drives Solid Sales

Jon Mills Equity Analyst

Analyst Note

| Jon Mills |

Strong iron ore sales drove a solid first-quarter fiscal 2023 for no-moat Rio Tinto. The company’s share of Pilbara iron ore shipments, the key driver of its earnings, was about 70 million metric tons, 16% higher than first-quarter fiscal 2022. The increase was driven by 12% higher production in the quarter along with the company drawing down inventory. First-quarter sales are broadly tracking our unchanged 2023 forecast. However, given the usual seasonality in iron ore production and also that Rio’s new 100%-owned Gudai-Darri mine is on track to ramp up to full production of about 43 million metric tons during 2023, our forecast for Pilbara iron ore sales of about 280 million metric tons (Rio’s share) in 2023 could be on the low side if current production levels are maintained. However, it is still early in 2023, so we maintain our forecast for now.

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Key Statistics RIO

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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.

Contact
6 St James’s Square
London, SW1Y 4AD, GBR
Sector Basic Materials
Industry Other Industrial Metals & Mining
Employees 52,041

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Related News RIO

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Competitors & Peers RIO

More on RIO’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of RIO’s competitive advantage.

Rio Tinto PLC ADR

XNYS: RIO

BHP Group Ltd

XASX: BHP

Fortescue Metals Group Ltd

XASX: FMG

Anglo American PLC

XLON: AAL
Price
60.1643.4919.822,265.00
Currency
USDAUDAUDGBX
Change
−$0.96 (1.57%) +$0.13 (0.30%) −$0.04 (0.20%) −$53.50 (2.31%)
Market Cap
97.57 Bil220.11 Bil61.03 Bil3.03 Tril
Industry
Other Industrial Metals & Mining Other Industrial Metals & Mining Other Industrial Metals & Mining Other Industrial Metals & Mining
Sector
Basic Materials
Basic Materials
Basic Materials
Basic Materials

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Rio Tinto PLC ADR Stock

Yes. RIO has a forward dividend yield of 8.05%. 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 97.57 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 1.79.
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 8.02.
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 1.97.
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.