BofA cuts target for Rio Tinto stock from GBp 8,900 to GBp 8,800

Published on 10/26/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 iron ore sales rose 3.00 percent to 90.8 million tonnes. Rio Tinto stock costs EUR 74.99 on October 26, 2026, up 0.36 percent versus Xetra close.

Analyst target and production

BofA lowered its Rio Tinto target from GBp 8,900.00 to GBp 8,800.00 on October 15, 2026.
Third-quarter global iron ore sales rose 3.00 percent year on year to 90.8 million tonnes.
Rio Tinto stock costs EUR 74.99 at Lang & Schwarz on October 26, 2026 at 4:38 p.m. CEST, 0.36 percent above the Xetra close of October 23, 2026.
The stock trades at a trailing price-to-earnings ratio of 11.33 and has a 0.06 percent dividend yield.

Rio Tinto, GB0007188757, Illustration mit AI erstellt.

BofA lowered its Rio Tinto price target from GBp 8,900.00 to GBp 8,800.00 on October 15, 2026, while keeping a Neutral rating, as Markets Insider reported. The revised target remains 40.60 percent above the London price of GBp 6,259.00. Rio Tinto was trading at EUR 74.99 at Lang & Schwarz on October 26, 2026 at 4:38 p.m. CEST, up 0.36 percent versus the Xetra close of EUR 74.72 on October 23, 2026.

Production remains the main support

Rio Tinto's latest operating figures came on October 14, 2026. In its third-quarter release, Rio Tinto reported global iron ore sales of 90.8 million tonnes, up 3.00 percent from the third quarter of 2025. Pilbara sales rose 2.00 percent to 85.7 million tonnes, while copper production was 205,000 tonnes, unchanged year on year.

The same release reported 9-month 2026 global iron ore sales of 255.3 million tonnes, 3.00 percent above the comparable 2025 period. The company kept its 2026 global iron ore sales guidance at 343 million to 366 million tonnes, giving the operating update a clear comparison with its full-year plan.

Price position and London trading

On the London Stock Exchange, Rio Tinto was at GBp 6,259.00 on October 26, 2026 at 4:45 p.m. London time. Its 52-week range was GBp 5,159.00 to GBp 9,117.00, while the same quote carried a 0.45 percent daily gain in London trading.

The euro quotation is modestly above the October 23 Xetra close. That move is smaller than the distance to BofA's revised target, so the analyst action provides the more substantial valuation comparison for the stock.

Valuation and upcoming dates

Rio Tinto's market capitalization was GBP 101.8 billion on October 26, 2026. The trailing price-to-earnings ratio was 11.33 and the dividend yield was 0.06 percent. Rio Tinto's investor page lists the third-quarter operations review dated October 14, 2026 among its latest financial materials.

Comparison with peers

Rio Tinto: 0.45 percent daily change, price-to-earnings ratio 11.33, market capitalization GBP 101.8 billion.

BHP Group: 1.40 percent daily change, price-to-earnings ratio 20.22, market capitalization GBP 150.9 billion.

Anglo American: 2.05 percent daily change, negative price-to-earnings ratio, market capitalization GBP 40.1 billion.

What the target means

BofA's 40.60 percent target distance is measured against the London price, not the euro quotation. For investors tracking Rio Tinto, the key contrast is between stable operating guidance and a more cautious analyst view on costs, reflected in the cut from GBp 8,900.00 to GBp 8,800.00.

Rio Tinto stock in euros

Rio Tinto stock was trading at EUR 74.99 at Lang & Schwarz on October 26, 2026 at 4:38 p.m. CEST, 0.36 percent above the Xetra close of EUR 74.72 on October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of Rio Tinto stock.