Analyst Matt Greene from Goldman Sachs research considers the stock attractive and recommends it with a Buy rating. The target price has been raised from GBX 6700 to GBX 7300.
Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows:
- iron ore (57.4%): 287.7 Mt produced in 2024;
- aluminum, alumina and bauxite (24.2%): 58.6 Mt bauxite, 7.3 Mt alumina and 3.3 Mt aluminum produced;
- copper (8.8%) : 624 Kt produced;
- industrial minerals (5%): titanium dioxide pigments (990 Kt produced), borates (504 Kt produced) and salts (5.8 Mt produced);
- gold (1.5%) : 282,000 ounces produced;
- diamonds (0.5%) : 2.8 million carats produced;
- other (2.6%): uranium, silver, zinc and molybdenum.
Net sales are distributed geographically as follows: the United Kingdom (0.3%), Europe (4.8%), China (57.4%), Japan (6.5%), Asia (6.9%), the United States (16.8%), Canada (2.9%), Australia (2%) and other (2.4%).
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