Rio Tinto plc 17.5% potential upside indicated by Citigroup

Rio Tinto plc with ticker (LON:RIO) now has a potential upside of 17.5% according to Citigroup.



Citigroup set a target price of 5,600 GBX for the company, which when compared to the Rio Tinto plc share price of 4,621 GBX at opening today (02/12/2021) indicates a potential upside of 17.5%. Trading has ranged between 4,354 (52 week low) and 6,788 (52 week high) with an average of 3,763,665 shares exchanging hands daily. The market capitalisation at the time of writing is £77,135,717,020.

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade. Its Iron Ore product operations are located in the Pilbara region of Western Australia and operations include approximately five iron ore products and approximately four port terminals. The Aluminium business includes bauxite mines, alumina refineries and aluminum smelters. Its bauxite mines are located in Australia, Brazil and Guinea. The Copper & Diamonds segment has managed operations in Australia, Canada, Mongolia and the United States, and non-managed operations in Chile and Indonesia. The Energy & Minerals segment consists of mining, refining and marketing operations across sectors including borates, iron ore concentrate and pellets, titanium dioxide and uranium.