Rio Tinto Partners with Gemco Rail to Build First Pilbara Iron Ore Rail Car
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 1 hour ago0mins
- Local Manufacturing Milestone: Rio Tinto's first iron ore rail car produced in Karratha marks a successful milestone in its A$150 million partnership with Gemco Rail, expected to boost local manufacturing in Western Australia.
- Job Creation: The new Gemco Rail facility will create up to 25 local jobs, further enhancing Rio Tinto's economic contribution and community support in the Pilbara region.
- Transport Capacity Enhancement: Each new rail car can carry 118 tonnes of iron ore and is set to begin operations this month, significantly improving transportation efficiency from Rio Tinto's 18 Pilbara mines.
- Long-term Strategic Investment: Rio Tinto's record A$10.3 billion investment with Western Australian suppliers in 2024 underscores its strong commitment to local economies and manufacturing, aiming to enhance supply chain resilience through localized production.
RIO.N
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on RIO
Wall Street analysts forecast RIO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIO is 88.33 USD with a low forecast of 66.50 USD and a high forecast of 129.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 73.730
Low
66.50
Averages
88.33
High
129.50
Current: 73.730
Low
66.50
Averages
88.33
High
129.50
JPMorgan
Dominic O'Kane
maintain
2025-12-03
New
Reason
JPMorgan
Dominic O'Kane
Price Target
2025-12-03
New
maintain
Reason
JPMorgan analyst Dominic O'Kane raised the firm's price target on Rio Tinto to 6,950 GBp from 6,100 GBp and keeps an Overweight rating on the shares.
Citi
Ephrem Ravi
Neutral
maintain
2025-11-17
Reason
Citi
Ephrem Ravi
Price Target
2025-11-17
maintain
Neutral
Reason
Citi analyst Ephrem Ravi raised the firm's price target on Rio Tinto to 5,700 GBp from 4,600 GBp and keeps a Neutral rating on the shares.
JPMorgan
Dominic O'Kane
Overweight
downgrade
2025-10-15
Reason
JPMorgan
Dominic O'Kane
Price Target
2025-10-15
downgrade
Overweight
Reason
JPMorgan analyst Dominic O'Kane lowered the firm's price target on Rio Tinto to 6,100 GBp from 6,170 GBp and keeps an Overweight rating on the shares.
Deutsche Bank
Buy
to
Hold
downgrade
2025-07-30
Reason
Deutsche Bank
Price Target
2025-07-30
downgrade
Buy
to
Hold
Reason
Deutsche Bank downgraded Rio Tinto to Hold from Buy.
See All Ratings
About RIO
Rio Tinto plc is a United Kingdom-based mining and materials company. It operates in over 35 countries, and its portfolio includes iron ore, copper, aluminum and a range of other minerals and materials. Its segments include Iron Ore, Aluminum, Copper, and Minerals. The Iron Ore segment includes iron ore mining and salt and gypsum production in Western Australia. Its iron ore operations in Pilbara comprise an integrated network of over 18 iron ore mines and four independent port terminals. The Aluminum segment includes bauxite mining, alumina refining, and aluminum smelting and recycling. The Copper segment includes mining and refining of copper, gold, silver, molybdenum, other by-products and licensing of extraction technologies. The Minerals segment includes mining and processing of borates, diamonds, iron concentrate and pellets from the Iron Ore Company of Canada, lithium and titanium dioxide feedstock.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
What are the key goals of Rio Tinto's efficiency drive?
How does the updated Native Title Agreement benefit the Nyiyaparli People?
Will Rio Tinto achieve its 2025 copper production target of 860-875 kt?
Can the Nuton technology significantly reduce the carbon footprint of copper mining?