Berenberg raises Rio Tinto stock target to GBp 8,700
Published on 10/05/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Rio Tinto (ISIN GB0007188757) saw Berenberg raise its price target for Rio Tinto stock from GBp 8,600 to GBp 8,700 on September 30, 2026, while keeping its Buy rating, according to finanzen.at. The move gives the analyst view a fresh reference point as Rio Tinto advances its copper growth plans.
Berenberg lifts target to GBp 8,700
The target increase was based on Berenberg analyst Richard Hatch's September 30 note. The published analysis says the target rose from GBp 8,600 to GBp 8,700, with the Buy rating retained, according to finanzen.at.
The target update contrasts with the operational execution risk around Rio Tinto's project pipeline. The proposed Winu copper-gold mine remains subject to regulatory approvals and a final investment decision, although Rio Tinto holds a 70 percent interest and intends to develop and operate it, according to the company's release dated September 10, 2026, published on Rio Tinto.
Half-year cash flow rose 75 percent
Rio Tinto's first-half 2026 earnings call showed underlying EBITDA up 28 percent to USD 14.8 billion and free cash flow up 75 percent. The company also reported a 43 percent increase in its interim dividend to USD 3.4 billion, according to the transcript published by Yahoo Finance.
The same transcript puts copper, aluminum and lithium at nearly 60 percent of first-half EBITDA and says Rio Tinto is targeting 1 million tons of copper production by 2030. That mix matters because it links the improved earnings base to commodities associated with electrification and data-center investment, while iron ore remains a major part of the portfolio.
Rio Tinto stock trades in euros
Rio Tinto stock was trading at EUR 83.80 at Lang & Schwarz on October 5, 2026 at 9:17 a.m. CEST, up 0.31 percent versus the Lang & Schwarz prior close of EUR 83.54 on October 2, 2026. The modest daily move leaves the Berenberg target revision and the first-half operating figures as the clearer valuation reference points.
The further course of trading is shown by the continuously updated real-time quote of Rio Tinto stock.
Rio Tinto stock facts
- Company: Rio Tinto plc
- ISIN: GB0007188757
- Ticker: RIO
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz as of October 5, 2026, 9:17 a.m. CEST: EUR 83.80
- Change versus prior close: plus 0.31 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 83.54
- Market capitalization: USD 153.1 billion (as of October 2, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
