Rio Tinto stock hits 52-week high at 69.46 USD

Rio Tinto stock has reached a new 52-week high, hitting 69.46 USD, reflecting a notable performance in the past year. According to InvestingPro data, the company’s impressive 22.74% YTD return has been supported by its strong financial health score of 2.94 (GOOD). This milestone comes amid a 1-year change of 7.82%, underscoring the company’s steady growth trajectory, complemented by an attractive 4.34% dividend yield. The mining giant, with a market capitalization of $113 billion and a P/E ratio of 11.08, has been benefiting from strong demand in the commodities market, which has bolstered its stock price. Investors are closely watching Rio Tinto’s strategic moves and market conditions to gauge future performance, as the company continues to capitalize on its global mining operations. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of Rio Tinto’s market position.

In other recent news, Rio Tinto reported record production levels in its bauxite business and at the Oyu Tolgoi copper mine in Mongolia during the third quarter of 2025. The company’s copper equivalent production increased by 9% year-over-year, with copper output expected to reach the higher end of its full-year guidance, driven by the expansion at Oyu Tolgoi. In a strategic move, Rio Tinto and its partners announced a $733 million investment in the West Angelas Sustaining Project in Western Australia, with Rio Tinto contributing $389 million to maintain its iron ore production capacity.

Additionally, Rio Tinto has begun work on the Norman Creek project at its Amrun bauxite mine with a $180 million investment, aiming to access significant ore reserves. On the financial front, JPMorgan raised its price target for Rio Tinto to GBP61.70, maintaining an Overweight rating and placing the company on Positive Catalyst Watch ahead of its upcoming Capital Markets Day. Meanwhile, Morgan Stanley increased its price target to AUD121.00, although it adjusted its earnings per share estimate for the company by 2.7% for the fiscal year 2025. These developments reflect Rio Tinto’s ongoing efforts to enhance its production capabilities and financial outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.