RIO Price Prediction Next Week
Technical Analysis: Rio Tinto's stock shows bearish pressure in the near term, trading below key moving averages.
News Impact:
- Recent operational disruption at East Intercourse Island facility due to Tropical Cyclone Sean has been resolved, with operations now resumed
- Acquisition of Arcadium Lithium is nearing completion, expected to close by March 6
- Potential impact from Trump's copper import investigation could affect RIO as a major copper producer
Price Forecast for Next Week (March 4-8): Based on technical indicators and news sentiment:
- Support levels: $60.50, $59.80
- Resistance levels: $62.40, $63.75
- Expected trading range: $60.50 - $63.75
Target Prices:
- Bearish scenario: $60.50 (40% probability)
- Base case: $62.00 (45% probability)
- Bullish scenario: $63.75 (15% probability)
Recommendation: HOLD
- Current analyst consensus is "Strong Buy" with price target of $83.94
- However, near-term technical indicators suggest caution
- Wait for clearer price direction after copper tariff investigation details emerge
RIO Similar Chart Price Prediction
The price of RIO is predicted to go up 3.47%, based on the high correlation periods with BHP. The similarity of these two price pattern on the periods is 93.88%.
RIO
BHP
Up: 3.47%Similarity: 93.88%
RIO Revenue Forecast
RIO EPS Forecast
RIO VS S&P500
Rio Tinto is one of the direct beneficiaries of China's continuing strong appetite for natural resources.
The company's operations are generally well run, large-scale, low-operating-cost assets. Mine life is generally long, and some assets, such as iron ore, have incremental expansion options.
Capital allocation has improved following the missteps of the China boom with management generally preferring to return cash to shareholders than to make material expansions or acquisitions.
RIO Analyst's Forecast
Chris LaFemina
Jefferies
Strong Buy
2025-01-06
Price Target
$83 → $73
Upside
+25.45%
Jefferies lowered the firm's price target on Rio Tinto to 6,000 GBp from 6,400 GBp and keeps a Buy rating on the shares. The firm believes idiosyncratic factors will drive share price performance in metals/mining in 2025. Jefferies sees limited upside to most commodity prices this year, although there is potential for copper, aluminum and met coal prices to move higher. The firm has updated its commodity price deck to reflect Q4 actuals and its new, more cautious forecasts.
