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Rio Tinto Ltd (NYSE:RIO) Maintains Neutral Rating from Citigroup with a Positive Outlook
力拓力拓(US:RIO) Financial Modeling Prep·2025-11-18 11:07

Citigroup maintains a Neutral rating for Rio Tinto Ltd (NYSE:RIO) and raises the price target, indicating a positive future performance.Rio Tinto is expected to increase its copper production by about 20% over the next three years, driven by the ramp-up at the Oyu Tolgoi mine.The company's strategic diversification efforts are anticipated to shift its earnings composition, reducing the contribution of iron ore to group earnings from 81% in 2023 to 48% by 2026.Rio Tinto Ltd (NYSE:RIO) is a leading global min ...