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Rio Tinto Limited

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About RIO

Rio Tinto Limited (RIO) is engaged in minerals and metals exploration, development, production, and processing. The portfolio of assets is condensed into four product groups: Iron Ore, Aluminum, Copper, and Minerals.

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Sector

Materials

CEO

-

Industry

Metals & Mining

Website

riotinto.com

Market Capitalisation

$43.22B

Price-earnings ratio

12.92

Dividend yield

5.14%

High today

$118.65

Low today

$116.59

Open price

$116.80

52-week high

$136.82

52-week low

$105.11


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What does Rio Tinto Limited (RIO) do?

Rio Tinto Limited (RIO) does mining, and has been doing it for a while. Founded in 1873 and with head offices in both London and Melbourne, Rio Tinto is a global leader in the exploration, evaluation, development, mining, processing and marketing of mineral resources.

This Anglo-Australian giant operates and earns revenue via four main business segments.

  • Iron Ore — Via a network of 17 iron ore mines, four port terminals, a rail network spanning nearly 2,000 kilometres and related infrastructure, Rio Tinto mines and produces iron ore, rock salt and gypsum in the Pilbara region of Western Australia (WA).

  • Aluminium — With a large-scale, vertically-integrated business across more than 10 operations including Saguenay-Lac-Saint-Jean, Weipa, BC Works, Bell Bay and Gove, Rio Tinto mines for Bauxite, refines alumina and smelts aluminium. Rio Tinto delivers these high-grade materials to everyone from beverage packaging companies all the way through to the global seaborne trade or the automotive industry.

  • Copper — Rio Tinto’s copper operations are at various stages of the mining life cycle. The company has two main operations: the Kennecott mine located outside Salt Lake City in the United States, and the Oyu Tolgoi deposit in Mongolia. The Kennecott mine has been in operation since 1903 and is one of the top copper, gold and silver producers in the world. Once Oyu Tolgoi is operational, it will be the world’s fourth-largest copper mine but also produce gold.

  • Minerals — The minerals segment produces high-grade, low-impurity iron ore pellets and concentrate, titanium dioxide, diamonds and borates from operations in Canada, Madagascar, South Africa, the United States and Australia. Rio Tinto also reprocesses mining waste to extract valuable by-products such as lithium and scandium.

Rio Tinto is currently at work in 35 countries around the world with the aim of continuing to “produce materials essential to human progress”.

Find Rio Tinto in our list of the top lithium stocks on ASX.

Is Rio Tinto a profitable company?

Yes, Rio Tinto is a very profitable company. However, their net income does fluctuate from year to year. 

In FY2017, the company’s net income amounted to A$11.43b but jumped by almost 60% by FY2018 to A$18.27b. In FY2019, net income dropped by 36.9% to A$11.53b but again leapt up to FY2020 to A$14.19b. And in FY2021, Rio Tinto’s net income almost doubled when it skyrocketed 98.05% to A$28.10b.

As of FY2021, Rio Tinto’s free cash flow is a very handsome A$25.38b, up 68.52% on the previous financial year’s A$15.06b.

Is Rio Tinto a good buy?

Between March and May 2022, the Rio Tinto stock price has fallen by approximately 23%. This is possibly due to a slump in iron ore shipments to China, increasing tensions between the Australian and Chinese governments and the resurgence of COVID-19 in Shanghai, which saw the entire city locked down.

For short-term traders, economic volatility caused by these tensions may make RIO stock one to avoid. However, for long-term buy and hold investors, this may be an opportunity to start building a position.

Is RIO a good dividend stock?

In the eyes of some investors, the answer would be yes. RIO stock has reliably paid dividends to shareholders since 1981 and has never stopped.

Most recently in 2021, Rio Tinto paid out dividends twice. The company paid a dividend of A$5.17 per share in April and a dividend of A$7.60 per share in September. The company’s latest dividend of A$6.63 was paid in April 2022.

Rio Tinto also offers shareholders the option of a DRP (Dividend Reinvestment Plan). The DRP gives “shareholders the opportunity to elect for their cash dividend to be used to purchase Rio Tinto ordinary shares in the market.”

Who owns Rio Tinto stock?

At 56.3% of the float, the majority of RIO stock is owned by institutions. 

Aluminum Corporation of China (11.27%), Capital Research and Management Company (3.8%), BlackRock (3.22%), State Street Global Advisors (2.44%), The Vanguard Group (2.37%), Norges Bank Investment Management (2.02%), HSBC Global Asset Management (UK) Limited (1.42%), Legal & General Investment Management Limited (1.42%), Baillie Gifford & Co. (1.25%) State Farm Insurance Companies Asset Management Arm (1.05%) and UBS Asset Management (1.01%).

The general public owns 31.6%.

How do I buy Rio Tinto stock?

Stake offers a quick and easy way to purchase RIO shares – along with 2,000+ other Australian stocks and ASX ETFs – for a brokerage fee of only A$3.

Stake is a CHESS sponsored investing platform, meaning that when you invest in ASX stocks, you get a HIN (Holder Identification Number) and stocks are held in your name.

With Stake, you can be in the market in under 5 minutes, whether it's the ASX or Wall St. If you’re interested in building your portfolio by adding RIO, sign up today.

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RIO FAQs

  1. Find the right investing platform for you. To buy RIO shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
  2. Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
  3. Search for RIO or Rio Tinto Limited. Find the stock by using the search function and go to the RIO page.
  4. Place an order to buy RIO. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
  5. Monitor your portfolio. You’ve now purchased some RIO shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.

The ticker symbol for Rio Tinto Limited is RIO.

One share of RIO is valued at $117.70 as of 22 November 2024.

As of 22 November 2024 Rio Tinto Limited has a market cap of $43.22B.

Yes, RIO does pay dividends.

The dividend yield for RIO is 5.14% as of 22 November 2024.

The most recent RIO dividend distribution paid $2.62 per share on 26 September 2024.

The ex-dividend date of RIO was 15 August 2024.

The Price to Earnings ratio of RIO is 12.92.

The Earnings Per Share of RIO is $9.01.

The Rio Tinto Limited 52-week high stock price is $136.82.

The Rio Tinto Limited 52-week low stock price is $105.11.

Yes, the Stake investing platform allows you to buy RIO shares and over 12,000 more stocks and ETFs across the ASX and Wall St.

This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

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