- Rio Tinto's Resolution copper project in Arizona gains fast-track approval.
- Analysts predict a potential 37.57% upside in RIO stock from current levels.
- Rio Tinto currently holds a "Buy" recommendation from major brokerage firms.
Rio Tinto (RIO, Financial) has recently secured expedited approval for its Resolution copper project in Arizona, thanks to the Trump administration's focus on boosting critical mineral production. This strategic move aims to strengthen domestic mineral supply chains, thereby reducing dependency on imports, particularly from China.
Analysts' Price Forecast for Rio Tinto
According to the one-year price targets from five analysts, the average target price for Rio Tinto PLC (RIO, Financial) stands at $80.03, with estimates spanning a high of $94.00 to a low of $72.13. This average target suggests a notable upside potential of 37.57% from the current trading price of $58.17. For more detailed insights, visit the Rio Tinto PLC (RIO) Forecast page.
Brokerage Firm Recommendations
Seven brokerage firms collectively recommend Rio Tinto PLC (RIO, Financial) as a solid investment, with an average brokerage recommendation of 1.4, indicating a "Buy" rating. The recommendation scale ranges from 1, which denotes a Strong Buy, to 5, which indicates Sell.
GuruFocus Value Estimation
Based on the proprietary metrics from GuruFocus, the estimated GF Value for Rio Tinto PLC (RIO, Financial) over the next year is $61.09. This suggests a moderate upside of 5.02% from its current price of $58.17. The GF Value represents GuruFocus' calculation of the fair market value at which the stock should trade, derived from historical trading multiples, past business growth, and future business performance expectations. For a deeper dive into these metrics, visit the Rio Tinto PLC (RIO) Summary page.
